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