Common use of Restrictions on dealing Clause in Contracts

Restrictions on dealing. The Chargor undertakes that, except as permitted under the terms of this Debenture or any other Loan Document it will not: (a) create or permit to subsist any Lien over all or any of its assets, rights or property other than the Liens created pursuant to this Debenture or any other Loan Document; or (b) lease, sell, transfer, assign or otherwise dispose of or agree to lease, sell, transfer, assign or otherwise dispose of, all or any part of its assets, rights or property, including the Charged Assets or any interest therein.

Appears in 3 contracts

Samples: Debenture, Debenture (Constar International Inc), Debenture (Constar International Inc)

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Restrictions on dealing. The Chargor undertakes that, except as permitted under the terms of this Debenture Mortgage or any other Loan Document Document, it will not: (a) create or permit to subsist any Lien over all or any of its assets, rights or property Security Asset other than the Liens created pursuant to this Debenture Mortgage or any other Loan Document; or (b) lease, sell, transfer, assign or otherwise dispose of or agree to lease, sell, transfer, assign or otherwise dispose of, all or any part of its assets, rights or property, including the Charged Assets Security Asset or any interest therein.

Appears in 2 contracts

Samples: Share Mortgage (Constar International Inc), Share Mortgage (Constar International Inc)

Restrictions on dealing. The Chargor undertakes that, except as permitted under the terms of this Debenture Mortgage or any other Loan Document Document, and subject only to the Prior Mortgage, it will not: (a) create or permit to subsist any Lien over all or any of its assets, rights or property Security Asset other than the Liens created pursuant to this Debenture Mortgage, the Prior Mortgage, or any other Loan Document; or (b) lease, sell, transfer, assign or otherwise dispose of or agree to lease, sell, transfer, assign or otherwise dispose of, all or any part of its assets, rights or property, including the Charged Assets Security Asset or any interest therein.

Appears in 1 contract

Samples: Share Mortgage (Constar International Inc)

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Restrictions on dealing. The Chargor undertakes that, except as permitted under the terms of this Debenture Debenture, the Prior Debenture, or any other Loan Document it will not: (a) create or permit to subsist any Lien over all or any of its assets, rights or property other than the Liens created pursuant to this Debenture Debenture, the Prior Debenture, or any other Loan Document; or (b) lease, sell, transfer, assign or otherwise dispose of or agree to lease, sell, transfer, assign or otherwise dispose of, all or any part of its assets, rights or property, including the Charged Assets or any interest therein.

Appears in 1 contract

Samples: Debenture (Constar International Inc)

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