No Encumbrance or Financial Indebtedness. (a) No Encumbrance exists over all or any of the present or future assets of any of the Owners, other than Permitted Encumbrances. (b) None of the Owners has any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 3 contracts
Samples: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)
No Encumbrance or Financial Indebtedness. (a) No Encumbrance exists over all or any of the present or future assets of any of the Owners, other than Permitted Encumbrances. Borrowers.
(b) None of the Owners has The Borrowers do not have any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 3 contracts
Samples: Second Supplemental Agreement to a Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.), Secured Loan Agreement (Scorpio Tankers Inc.)
No Encumbrance or Financial Indebtedness. (a) No Encumbrance exists over all or any of the present or future assets of any of the Owners, other than Permitted Encumbrances. Borrower.
(b) None of the Owners has The Borrower does not have any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 2 contracts
Samples: Secured Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Bulkers Inc.)
No Encumbrance or Financial Indebtedness. (a) No Other than a Permitted Encumbrance, no Encumbrance exists over all or any of the present or future assets of any of the Owners, other than Permitted Encumbrances. Borrowers.
(b) None of the Owners Borrowers has any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 2 contracts
Samples: Secured Loan Facility Agreement (Diana Containerships Inc.), Secured Loan Agreement (Diana Containerships Inc.)
No Encumbrance or Financial Indebtedness. (a) No Encumbrance or Quasi-Security exists over all or any of the present or future assets of any of the Owners, Borrowers other than Permitted Encumbrances. as permitted by the Finance Documents.
(b) None of the Owners Borrowers has any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 1 contract
No Encumbrance or Financial Indebtedness. (a) No Encumbrance exists over all or any of the present or future assets of any of the Owners, other than Permitted Encumbrances. Borrower.
(b) None of the Owners No Borrower has any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 1 contract
Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)
No Encumbrance or Financial Indebtedness. (a) No Encumbrance (other than any Permitted Encumbrance) exists over (i) all or any of the present or future assets of any either of the Owners, other than Permitted Encumbrances. Borrowers and (ii) the shares of the Chargor in each of the Borrowers; and
(b) None of the Owners No Borrower has any Financial Indebtedness outstanding other than as permitted by this Agreement and as notified in writing to the Agent prior to the date of this Agreement.
Appears in 1 contract
