No Security Interests. The Borrower hereby covenants with the Lender that the Operating Account and any moneys therein shall not be charged, assigned, transferred or pledged nor shall there be granted by the Borrower or suffered to arise any third party rights over or against the whole or any part of the Operating Account other than in favour of the Lender as promised herein and in the General Assignment.
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Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)
No Security Interests. The Borrower Borrowers hereby covenants jointly and severally covenant with the Lender that the Operating Account Accounts and any moneys therein shall not be charged, assigned, transferred or pledged nor shall there be granted by the Borrower Borrowers or suffered to arise any third party rights over or against the whole or any part of the Operating Account Accounts (or any of them) other than in favour of the Lender as promised herein and in the General AssignmentAssignments.
Appears in 1 contract
Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)
No Security Interests. The Borrower hereby covenants with the Lender that the Borrower’s Operating Account and any moneys therein shall not be charged, assigned, transferred or pledged nor shall there be granted by the Borrower or suffered to arise any third party rights over or against the whole or any part of the Borrower’s Operating Account other than in favour of the Lender as promised herein and in the Borrower’s General Assignment.
Appears in 1 contract
