Common use of No security or lien from other person Clause in Contracts

No security or lien from other person. The Borrower has not taken or received, and the Borrower undertakes that until all moneys, obligations and liabilities due, owing or incurred by the Borrower under this Agreement and the Security Documents have been paid in full, it will not take or receive, any security or lien from any other person liable or for any liability whatsoever.

Appears in 7 contracts

Samples: Seanergy Maritime Holdings Corp., Agreement (Top Ships Inc.), Seanergy Maritime Holdings Corp.

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No security or lien from other person. The Borrower has Borrowers have not taken or received, and the Borrower undertakes Borrowers undertake that until all moneys, obligations and liabilities due, owing or incurred by the Borrower Borrowers under this Agreement and the Security Documents have been paid in full, it they will not take or receive, any security or lien from any other person liable or for any liability whatsoever.

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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No security or lien from other person. The Borrower has not taken or received, and the Borrower undertakes that until all moneys, obligations and liabilities due, owing or incurred by the Borrower under this Agreement and the Security Documents have been paid in full, it will not take or receive, any security or lien from any other person liable or for any liability whatsoeverSecurity Party.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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