Common use of No Charter Clause in Contracts

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld), the Vessel will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender under any of the Security Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

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No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Lender, none of the Vessel Vessels will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender under any of the Security Finance Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the relevant Vessel may be shared with any other person;

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld), Bank the Vessel will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender Bank under any of the Security Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

Appears in 1 contract

Samples: Agreement (Top Ships Inc.)

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Lender, the Vessel none of Vessels will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender under any of the Security Finance Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the that Vessel may be shared with any other person;

Appears in 1 contract

Samples: Seanergy Maritime Holdings Corp.

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Lender, the Vessel will not on or before the Drawdown Date be subject to any charter or contract (other than the ABT Charterparty) nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender under any 33 (J18-185622/C) of the Security Finance Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

Appears in 1 contract

Samples: Agreement (Pangaea Logistics Solutions Ltd.)

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Bank, the Vessel will not on or before the relevant Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the such Drawdown Date would have required the consent of the Lender Bank under any of the Security Documents and there will not on or before the relevant Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld), the Vessel will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender Bank under any of the Security Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

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No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Bank, the neither Vessel will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender Bank under any of the Security Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the either Vessel may be shared with any other person;

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Save for any Charterparty, the Vessel Vessels will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender Bank under any of the Security Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel Vessels may be shared with any other person;

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

No Charter. unless otherwise permitted in writing by the Lender (such permission not to be unreasonably withheld)Save for any Charterparty, the Vessel will not on or before the Drawdown Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Drawdown Date would have required the consent of the Lender Bank under any of the Security Documents and there will not on or before the Drawdown Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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