No disposal of assets. The Borrower will not transfer, lease or otherwise dispose of:
(a) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not; or
(b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation.
No disposal of assets. Subject to Clause 8.8 no Borrower will transfer, lease or otherwise dispose of:
(a) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not; or
(b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation, but paragraph (a) does not apply to any charter of a Ship.
No disposal of assets. The Borrower shall not dispose of any of its material assets other than a sale of the Vessel which complies with clause 6.2.
No disposal of assets. No Borrower or the Guarantor shall transfer, lease or otherwise dispose (each a Disposal) of:
(a) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not; or
(b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation, it being agreed that any chartering arrangements permitted pursuant to Clause 13.12 shall not constitute a Disposal.
No disposal of assets. The Borrowers shall not dispose of any material assets other than as permitted in the Finance Documents.
No disposal of assets. The Borrower will not transfer, lease or otherwise dispose of:
No disposal of assets. It will not transfer, lease or otherwise dispose of:
(a) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not (except the Ship owned by that Borrower so long as the Borrowers comply with the provisions of Clauses 8.7 and 8.8); or
(b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation.
No disposal of assets. No Obligor will without the consent of the Agent (and the Borrower shall ensure that no other member of the Group will) transfer, lease or otherwise dispose of:
(a) any Ship or any Subsidiary or part of its assets, whether by one transaction or a number of transactions, whether related or not; or
(b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation,
No disposal of assets. Save pursuant to the relevant Bareboat Charter or in the case of the disposal of a Ship or a Shipbuilding Contract where the provisions of Clause 8.7 are complied with, no Borrower will transfer, lease or otherwise dispose of:
(a) its Ship or its rights under the Shipbuilding Contract to which it is a party or all or a substantial part of its other assets, whether by one transaction or a number of transactions, whether related or not; or
(b) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation.
No disposal of assets. The Borrower will not (and will procure that no Guarantor shall) transfer, lease or otherwise dispose of:
(a) in the case of the Borrower:
(i) any of its shares in a Guarantor other than in accordance with the terms of this Agreement and on terms approved by the Lender; or
(ii) in relation to any other assets, other than on arm’s length terms for market value; or
(iii) any debt payable to it or any other right (present, future or contingent right) to receive a payment, including any right to damages or compensation; and
(b) in the case of a Guarantor, the Ship owned by it or any part thereof, other than in accordance with the terms of the Finance Documents and on terms approved by the Lender.
