No substantial liabilities. Except in the ordinary course of business, neither Borrower shall without the prior written consent of the Agent incur any liability to any third party which is in the Agent's opinion of a substantial nature nor acquire or invert in any additional assets and/or investments other than its Vessel.
Appears in 2 contracts
Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)
No substantial liabilities. Except in the ordinary course of business, neither the Borrower shall not without the prior written consent of the Agent incur any liability to any third party which is in the Agent's ’s opinion of a substantial nature nor acquire or invert invest in any additional assets and/or investments other than its the Vessel.
Appears in 2 contracts
Samples: Loan Agreement (DHT Holdings, Inc.), Loan Agreement (DHT Holdings, Inc.)
No substantial liabilities. Except in the ordinary course of business, neither the Borrower shall not without the prior written consent of the Agent incur any liability to any third party which is in the Agent's ’s opinion of a substantial nature nor acquire or invert in any additional assets and/or investments other than its the Vessel.
Appears in 2 contracts
Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)
No substantial liabilities. Except in the ordinary course of business, neither no Borrower shall without the prior written consent of the Agent incur any liability to any third party which is in the Agent's ’s reasonable opinion of a substantial nature nor acquire or invert in any additional assets and/or investments other than its Vesselnature.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers Holdings Corp.)
No substantial liabilities. Except in the ordinary course of business, neither no Borrower shall without the prior written consent of the Agent incur any liability to any third party which is in the Agent's opinion of a substantial nature nor acquire or invert in any additional assets and/or investments other than its Vesselature.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)
No substantial liabilities. Except in the ordinary course of business, neither Borrower shall without the prior written consent of the Agent incur any liability to any third party which is in the Agent's ’s opinion of a substantial nature nor acquire or invert in any additional assets and/or investments other than its Vesselnature.
Appears in 1 contract
