Common use of No disposal of assets Clause in Contracts

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. Subject to Clause 8.8 no 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 ShipShip as to which Clause 14.13 (Restrictions on chartering, appointment of managers etc.) applies.

No disposal of assets. Subject to Clause 8.8 no 8.8, 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, but paragraph (a) does not apply to any charter of a the Ship.

No disposal of assets. Subject to Clause 8.8 no 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 notnot nor acquire any new assets other than the Ship; 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 ShipShip as to which Clause 14.13 applies.

No disposal of assets. Subject to Clause 8.8 no 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 ShipShip (other than an Initial Charter) as to which Clause 14.13 applies.

No disposal of assets. Subject to Clause 8.8 no (Mandatory prepayment), 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, but paragraph (a) does not apply to any charter of a the Ship.

No disposal of assets. Subject to Clause 8.8 no (a) No Borrower will transfer, lease or otherwise dispose of: (ab) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not; or (bc) 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, , (d) but paragraph (a) does not apply to any charter of a ShipShip as to which clause 14.13 applies.

No disposal of assets. Subject to Clause 8.8 no The Borrower will not transfer, lease or otherwise dispose of all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or not and will procure that each Owner 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, .; but paragraph (a) does not apply to any charter of a Shipthe Ship as to which Clause 14.13 applies.

No disposal of assets. Subject to Clause 8.8 no No Borrower will transfer, lease or otherwise dispose of: (a) all or a substantial part of its assetsassets (including the Ships), 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. Subject to Clause 8.8 no 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 notnot if such transfer, lease or disposal results or in the occurrence of an Event of Default; 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 ShipShip as to which Clause 14.14 applies.

No disposal of assets. Subject to Clause 8.8 no 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 ShipShip (other than an Existing Charter) as to which Clause 14.13 applies.

No disposal of assets. Subject to Clause 8.8 no No Borrower will transfer, lease or otherwise dispose of: (a) the Shipbuilding Contract to which it is a party; (b) all or a substantial part of its assets, whether by one transaction or a number of transactions, whether related or notnot if such transfer, lease or disposal results or in the occurrence of an Event of Default; or (bc) 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 ShipShip as to which Clause 14.14 applies.

No disposal of assets. Subject to Clause 8.8 no (Mandatory prepayment) neither 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. Subject to Clause 8.8 no Borrower None of the Borrowers will transfer, lease or otherwise dispose of:of (without the Agent’s prior written consent, but always subject to Clause 8.8(a) of this Agreement): (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 ShipShip as to which Clause 14.12 applies.

No disposal of assets. Subject to Clause 8.8 no neither 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. Subject to Clause 8.8 no No Borrower will transfer, lease or otherwise dispose of: (a) all or a substantial part of its respective 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 ShipShip to which Clause 14.13 applies.