No substantial liabilities. Except in the ordinary course of business, the Borrower shall not without the prior written consent of the Lender incur any liability to any third party which is in the Lender’s opinion of a substantial nature.
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Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.), Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
No substantial liabilities. Except in the ordinary course of business, the Borrower shall not without the prior written consent of the Lender Majority Lenders incur any liability to any third party which is in the Lender’s opinion of the Majority Lenders is of a substantial nature.
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No substantial liabilities. Except in the ordinary course of businessbusiness and other than in favour of the Lender, the Borrower shall not without the prior written consent of the Lender incur any liability to any third party which is in the Lender’s 's opinion of a substantial nature."
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