Common use of No conflict with other obligations Clause in Contracts

No conflict with other obligations. The execution and delivery of, the performance of its obligations under, and compliance with the provisions of the Relevant Documents to which each is a party by the relevant Security Parties will not: (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, any other Security Party is subject; (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default under, any agreement or other instrument to which the Borrower or, any other Security Party is a party or is subject or by which it or any of its property is bound; (c) contravene or conflict with any provision of the constitutional documents of the Borrower or, any other Security Party; or (d) result in the creation or imposition of or oblige the Borrower or any other Security Party, to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective undertakings, assets, rights or revenues.

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

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No conflict with other obligations. The the execution and delivery by the Borrower and each other Security Party of, the performance of its obligations under, and compliance with the provisions of, the Finance Documents and each of the Relevant Underlying Documents to which each it is a party by the relevant Security Parties will not: not (ai) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, or any other Security Party is subject; , (bii) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the Borrower or, or any other Security Party is a party or is subject to or by which it or any of its property is bound; , (ciii) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws/statutes or other constitutional documents of the Borrower or, or any other Security Party; or Party or (div) result in the creation or imposition of or oblige the Borrower or any other Security Party, Party to create any Encumbrance Security Interest (other than a Permitted EncumbranceSecurity Interest) on any of their respective the undertakings, assets, rights or revenues.revenues of the Borrower or any other Security Party;

Appears in 2 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

No conflict with other obligations. The the execution and delivery of, the performance of its their obligations under, and compliance with the provisions of of, the Relevant Underlying Documents to which each is a party and the Security Documents by the relevant Security Parties will not: not (ai) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which any of the Borrower or, Borrowers or any other Security Party is subject; , (bii) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which any of the Borrower or, Borrowers or any other Security Party is a party or is subject or by which it or any of its property is bound; , (ciii) contravene or conflict with any provision of the constitutional documents of any of the Borrower or, Borrowers or any other Security Party; or Party or (div) result in the creation or imposition of or oblige any of the Borrower Borrowers or any other Security Party, Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of any of the Borrowers or any other Security Party;

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant relevant Underlying Documents to which each is a party and the Security Documents by the relevant Security Parties will not: not (ai) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which any of the Borrower or, Borrowers or any other Security Party is subject; , (bii) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which any of the Borrower or, Borrowers or any other Security Party is a party or is subject or by which it or any of its property is bound; , (ciii) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws or other constitutional documents of any of the Borrower or, Borrowers or any other Security Party; or Party or (div) result in the creation or imposition of or oblige any of the Borrower Borrowers or any of their Related Companies or any other Security Party, Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of any of the Borrowers or their Related Companies or any other Security Party;

Appears in 1 contract

Samples: Loan Agreement (Top Tankers Inc.)

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Underlying Documents to which each is a party and the Finance Documents by the relevant Security Parties will not: (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the any Borrower or, or any other Security Party is subject;; or (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the any Borrower or, or any other other. Security Party is a party or is subject or by which it or any of its property is bound;; or (c) contravene or conflict with any provision of the constitutional documents of the any Borrower or, or any other Security Party; or (d) result in the creation or imposition of or oblige the any Borrower or any other Security Party, Relevant Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of any Borrower or any other Relevant Party;

Appears in 1 contract

Samples: On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Underlying Documents to which each is a party and the Finance Documents by the relevant Security Parties will not: (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, or any other Security Party is subject; (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the Borrower or, or any other Security Party is a party or is subject or by which it or any of its property is bound; (c) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws/statutes or other constitutional documents of the Borrower or, or any other Security Party; or (d) result in the creation or imposition of or oblige the Borrower or any of its Related Companies or any other Security Party, Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of the Borrower or its Related Companies or any other Security Party;

Appears in 1 contract

Samples: Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.)

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Finance Documents to which each is a party by the relevant Security Parties will not: not (ai) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, Borrowers (or any of them) or any other Security Party is subject; , (bii) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the Borrower or, Borrowers (or any of them) or any other Security Party is a party or is subject to or by which it or any of its property is bound; , (ciii) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws/statutes or other constitutional documents of the Borrower or, Borrowers (or any of them) or any other Security Party; or Party or (div) result in the creation or imposition of or oblige the Borrower Borrowers (or any of them) or any other Security Party, Party to create any Encumbrance Security Interest (other than a Permitted EncumbranceSecurity Interest) on any of their respective the undertakings, assets, rights or revenues.revenues of the Borrowers (or any of them) or any other Security Party;

Appears in 1 contract

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

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Underlying Documents, the Security Documents to which each is a party and the Master Swap Agreements by the relevant Security Parties will not: (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, or any other Security Party is subject; (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the Borrower or, or any other Security Party is a party or is subject or by which it or any of its property is bound; (c) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws/statutes or other constitutional documents of the Borrower or, or any other Security Party; or (d) result in the creation or imposition of or oblige the Borrower or any of its Related Companies or any other Security Party, Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of the Borrower or its Related Companies or any other Security Party;

Appears in 1 contract

Samples: Facility Agreement (Aries Maritime Transport LTD)

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No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Underlying Documents to which each is a party and the Finance Documents by the relevant Security Parties will not: (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the any Borrower or, or any other Security Party is subject;; or (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the any Borrower or, or any other Security Party is a party or is subject or by which it or any of its property is bound;; or (c) contravene or conflict with any provision of the constitutional documents of the any Borrower or, or any other Security Party; or (d) result in the creation or imposition of or oblige the any Borrower or any other Security Party, Relevant Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of any Borrower or any other Relevant Party;

Appears in 1 contract

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.)

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Underlying Documents to which each is a party and the Security Documents and the Master Swap Agreement by the relevant Security Parties will not: (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, or any other Security Party is subject; (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the Borrower or, or any other Security Party is a party or is subject or by which it or any of its property is bound; (c) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws/statutes or other constitutional documents of the Borrower or, or any other Security Party; or (d) result in the creation or imposition of or oblige the Borrower or any of its Related Companies or any other Security Party, Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of the Borrower or its Related Companies or any other Security Party;

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

No conflict with other obligations. The the execution and delivery of, the performance of its their obligations under, and compliance with the provisions of of, the Relevant Underlying Documents to which each is a party and the Security Documents by the relevant Security Parties will not: not (a) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which any of the Borrower or, Borrowers or any other Security Party is subject; , (b) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which any of the Borrower or, Borrowers or any other Security Party is a party or is subject or by which it or any of its property is bound; , (c) contravene or conflict with any provision of the constitutional documents of any of the Borrower or, Borrowers or any other Security Party; or Party or (d) result in the creation or imposition of or oblige any of the Borrower Borrowers or any of their Related Companies or any other Security Party, Party to create any Encumbrance (other than a Permitted Encumbrance) on any of their respective the undertakings, assets, rights or revenues.revenues of any of the Borrowers or their Related Companies or any other Security Party;

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

No conflict with other obligations. The the execution and delivery of, the performance of its obligations under, and compliance with the provisions of of, the Relevant Finance Documents to which each is a party by the relevant Security Parties will not: not (ai) contravene any existing applicable law, statute, rule or regulation or any judgment, decree or permit to which the Borrower or, or any other Security Party is subject; , (bii) conflict with, or result in any breach of any of the terms of, or constitute a Potential Event of Default default under, any agreement or other instrument to which the Borrower or, or any other Security Party is a party or is subject to or by which it or any of its property is bound; , (ciii) contravene or conflict with any provision of the memorandum and articles of association/articles of incorporation/by-laws/statutes or other constitutional documents of the Borrower or, or any other Security Party; or Party or (div) result in the creation or imposition of or oblige the Borrower or any other Security Party, Party to create any Encumbrance Security Interest (other than a Permitted EncumbranceSecurity Interest) on any of their respective the undertakings, assets, rights or revenues.revenues of the Borrower or any other Security Party;

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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