Common use of NO FURTHER ASSIGNMENT OR PLEDGE Clause in Contracts

NO FURTHER ASSIGNMENT OR PLEDGE. 5.1 The Borrower shall not, unless prior written consent has been obtained from the Agent or otherwise permitted under the Loan Agreement, be entitled to further assign or pledge the Earnings and/or the Insurances.

Appears in 2 contracts

Samples: Assignment Agreement (Trico Marine Services Inc), Assignment Agreement (Trico Marine Services Inc)

AutoNDA by SimpleDocs

NO FURTHER ASSIGNMENT OR PLEDGE. 5.1 The Borrower shall not, unless prior written consent has been obtained from the Agent or otherwise permitted under the Loan AgreementAgent, be entitled to further assign or pledge the Earnings Earnings, the Insurances and/or the InsurancesPledged Account.

Appears in 1 contract

Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD)

NO FURTHER ASSIGNMENT OR PLEDGE. 5.1 The Borrower Borrowers shall not, unless prior written consent has been obtained from the Agent or otherwise permitted under the Loan AgreementAgent, be entitled to further assign or pledge the Earnings Earnings, the Insurances, the Charter Guarantees and/or the Insurances.Pledged Accounts. 10

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

NO FURTHER ASSIGNMENT OR PLEDGE. 5.1 The Borrower shall not, unless prior written consent has been obtained from the Agent or otherwise permitted under the Loan AgreementAgent, be entitled to further assign or pledge the Earnings and/or the Insurances.

Appears in 1 contract

Samples: Assignment Agreement (Nordic American Tanker Shipping LTD)

AutoNDA by SimpleDocs

NO FURTHER ASSIGNMENT OR PLEDGE. 5.1 The Borrower shall not, unless prior written consent has been obtained from the Agent or otherwise permitted under the Loan AgreementAgent, be entitled to further assign or pledge the Earnings and/or and the Insurances.

Appears in 1 contract

Samples: Assignment Agreement (Helix Energy Solutions Group Inc)

NO FURTHER ASSIGNMENT OR PLEDGE. 5.1 The Borrower Borrowers shall not, unless prior written consent has been obtained from the Agent or otherwise permitted under the Loan AgreementAgent, be entitled to further assign or pledge the Earnings Earnings, the Insurances, the Charter Guarantees and/or the InsurancesPledged Accounts.

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!