Common use of No other liabilities or obligations to be incurred Clause in Contracts

No other liabilities or obligations to be incurred. No Borrower will enter into any other investments, any sale or leaseback agreements, any off-balance sheet transaction or incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a party; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by it.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers L.P.)

AutoNDA by SimpleDocs

No other liabilities or obligations to be incurred. No The Borrower will not enter into any other investments, any sale or leaseback agreements, or any off-balance sheet transaction or not incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a partyparty and under the relevant Indenture Guarantee; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by itShip.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

No other liabilities or obligations to be incurred. No Borrower will enter into any other investments, any sale or leaseback agreements, any off-balance sheet transaction or incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a partyparty and under the relevant Indenture Guarantee; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by it.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

No other liabilities or obligations to be incurred. No The Borrower will not enter into any other investments, any sale or and leaseback agreements, or any off-balance sheet transaction or not incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a partyparty and under the relevant Indenture Guarantee; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by itShip.

Appears in 1 contract

Samples: Amending and Restating Agreement (Navios Maritime Acquisition CORP)

No other liabilities or obligations to be incurred. No Neither Borrower will enter into any other investments, any sale or leaseback agreements, any off-balance sheet transaction or incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a partyparty and under the relevant Indenture Guarantee; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by it.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

AutoNDA by SimpleDocs

No other liabilities or obligations to be incurred. No Neither Borrower will enter into any other investments, any sale or leaseback agreements, any off-balance sheet transaction or incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a party; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by it.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

No other liabilities or obligations to be incurred. No Borrower will enter into any other investments, any sale or leaseback agreements, any off-balance sheet transaction or incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a party; (b) at any time prior to the Drawdown Date, the Existing Indebtedness; and (bc) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by it.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

No other liabilities or obligations to be incurred. No The Borrower will not enter into any other investments, any sale or and leaseback agreements, or any off-balance sheet transaction or not incur any other liability or obligation (including, without limitation, any Financial Indebtedness or any obligations under a guarantee) except: (a) liabilities and obligations under the Finance Documents and the Underlying Documents to which it is or, as the case may be, will be a party; and (b) liabilities or obligations reasonably incurred in the normal course of its business of trading, operating and chartering, maintaining and repairing the Ship owned by itShip.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition CORP)

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