Common use of No Joint Clause in Contracts

No Joint. Ventures No Borrower shall: 21.16.1 enter into, invest in or acquire (or agree to acquire) any shares, stocks, securities or other interest in any Joint Venture; or 21.16.2 transfer any assets or lend to or guarantee or give an indemnity for or give security for the obligations of a Joint Venture or maintain the solvency of or provide working capital to any Joint Venture (or agree to do any of the foregoing).

Appears in 1 contract

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)

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No Joint. Ventures No Borrower shall: 21.16.1 21.18.1 enter into, invest in or acquire (or agree to acquire) any shares, stocks, securities or other interest in any Joint Venture; or 21.16.2 21.18.2 transfer any assets or lend to or guarantee or give an indemnity for or give security for the obligations of a Joint Venture or maintain the solvency of or provide working capital to any Joint Venture (or agree to do any of the foregoing).

Appears in 1 contract

Samples: Secured Loan Agreement (Euroseas Ltd.)

No Joint. Ventures No Borrower shallshall and the Collateral Owner shall not: 21.16.1 22.17.1 enter into, invest in or acquire (or agree to acquire) any shares, stocks, securities or other interest in any Joint Venture; or 21.16.2 22.17.2 transfer any assets or lend to or guarantee or give an indemnity for or give security for the obligations of a Joint Venture or maintain the solvency of or provide working capital to any Joint Venture (or agree to do any of the foregoing).

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Containerships Inc.)

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No Joint. Ventures No Borrower shallNone of the Borrowers: 21.16.1 23.16.1 enter into, invest in or acquire (or agree to acquire) any shares, stocks, securities or other interest in any Joint Venture; or 21.16.2 23.16.2 transfer any assets or lend to or guarantee or give an indemnity for or give security for the obligations of a Joint Venture or maintain the solvency of or provide working capital to any Joint Venture (or agree to do any of the foregoing).

Appears in 1 contract

Samples: Secured Loan Agreement (Performance Shipping Inc.)

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