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

No other liabilities or obligations to be incurred. The Charterers shall not incur any liability or obligation except:- (a) liabilities and obligations under the Transaction Documents to which it is a party; (b) liabilities or obligations reasonably incurred in the ordinary course of operating and chartering the Vessel; and (c) any indebtedness subordinated in accordance with Clause 47.15 (Subordination).

No other liabilities or obligations to be incurred. The Charterers shall not incur any liability or obligation except:- (a) liabilities and obligations under the Transaction Documents to which it is a party; (b) liabilities or obligations reasonably incurred in m the ordinary course of operating and chartering the Vessel; and (c) any indebtedness subordinated in accordance with Clause 47.15 (Subordination).