No other liabilities or obligations to be incurred. The Borrower will not, and will procure that none of the Owners will, incur any liability or obligation except liabilities and obligations: (a) under the Finance Documents and the Shipbuilding Contract to which each is a party; (b) under the Master Agreement; (c) incurred, in the case of each Owner, in the normal course of its business of operating its Ship; and (d) incurred, in the case of the Borrower, in the normal course of its business of acquiring and financing vessels through its wholly-owned subsidiaries.
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Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
No other liabilities or obligations to be incurred. The Borrower will not, and will procure that none of the Owners willOwner will not, incur any liability or obligation except liabilities and obligations:
(a) under the Finance Documents and the Shipbuilding Contract to which each is a party;
(b) under the Master AgreementShipbuilding Contract;
(c) incurred, in the case of each Owner, incurred in the normal course of its business of operating its Shipvessels (in the case of the Borrower) or the Ship (in the case of the Owner); and
(d) incurred, in the case of the Borrower, incurred in the normal course of its business of acquiring and financing vessels through its wholly-owned subsidiariesvessels.
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No other liabilities or obligations to be incurred. The Borrower will not, and will procure that none of the Owners will, incur any liability or obligation except liabilities and obligations:
(a) under the Finance Documents and the Shipbuilding Contract to which each is a party;
(b) under the Master AgreementAgreements (but in such case only in connection with Designated Transactions);
(c) incurred, in the case of each Owner, in the normal course of its business of operating its Ship; and
(d) incurred, in the case of the Borrower, in the normal course of its business of acquiring and financing vessels through its wholly-owned subsidiaries.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)
No other liabilities or obligations to be incurred. The Borrower will not, and will procure that none of the Owners willwill not, incur any liability or obligation except liabilities and obligations:
(a) under the Finance Documents and the Shipbuilding Contract to which each is a party;
(b) under the Master AgreementShipbuilding Contracts;
(c) incurred, in the case of each Owner, incurred in the normal course of its business of operating its Ship; andvessels;
(d) incurred, in the case of the Borrower, incurred in the normal course of its business of acquiring and financing vessels through its wholly-owned subsidiariesvessels.
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No other liabilities or obligations to be incurred. The Borrower will not, and will procure that none of the Owners will, incur any liability or obligation except liabilities and obligations:
(a) under the Finance Documents and the Shipbuilding Contract Approved Purchase Contracts to which each is a party;
(b) under the Master AgreementAgreement (but in such case, only in connection with any Designated Transactions);
(c) incurred, in the case of each Owner, in the normal course of its business of operating its Shipvessels; and
(d) incurred, in the case of the Borrower, in the normal course of its business of acquiring and financing vessels through its wholly-owned subsidiaries.
Appears in 1 contract
Samples: Loan Agreement (Danaos Corp)