Restrictions on employment. The Borrower shall procure that no Owner employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Restrictions on employment. No Borrower shall employ its Ship, nor shall permit it to be employed, outside the cover provided by any obligatory insurances.
Restrictions on employment. Neither Borrower shall employ its Ship nor permit her to be employed, outside the cover provided by any obligatory insurances.
Restrictions on employment. 4.1 The Executive represents and warrants to the Corporation that the Executive does not owe and shall not, during the Executive’s employment with the Corporation, undertake or agree to, any contractual or other duties or obligations to any other person or entity which may conflict or interfere with this Agreement or any of the Executive’s duties and obligations under this Agreement, or which may prevent the Executive from entering into this Agreement or performing any of the Executive’s duties and obligations under this Agreement. The Executive represents and warrants that the Executive shall not use in the performance of the Executive’s duties for the Corporation any documents or materials or intangibles of a former employer or third party that are not generally available to the public or have not been legally transferred to the Corporation.
Restrictions on employment. The Borrowers shall not employ the Ships, nor permit them to be employed, outside the cover provided by any obligatory insurances.
Restrictions on employment. The Borrower shall not employ the Ship, nor permit the Ship to be employed, outside the cover provided by any obligatory insurances.
Restrictions on employment. Lessee shall not employ any employee of Xxxxxx who performed work, directly or indirectly, on behalf or for the benefit of Xxxxxx for twelve months following the last date Lessor’s employee performed such work.
Restrictions on employment. Hospira agrees that, during the Restricted Period and without the express written consent of Abbott or TAP, as applicable, it shall not, and shall not permit any of its Subsidiaries to, employ any person, other than a Transferred Employee, who is or was an employee of Abbott or TAP (or their respective Subsidiaries) and whose employment with Abbott and/or TAP (and/or their respective Subsidiaries) terminated at any time after August 22, 2003 and before the last day of the Restricted Period. Abbott and TAP each agree that, during the Restricted Period and without the express written consent of Hospira, each shall not, and shall not permit any of their respective Subsidiaries to, employ any person who is a Transferred Employee or any other person who becomes an employee of Hospira or any of its Subsidiaries prior to the expiration of the Restricted Period. The foregoing restrictions shall not apply to any person (other than a Post-Distribution Employee who rejects an offer of employment from the Hospira Group) whose employment with Hospira, Abbott or TAP (or their respective Subsidiaries), as applicable, terminates due to a job elimination or reduction in force.
Restrictions on employment. Except with the prior written consent of the Agent, no Shipowner and no Stena Charterer shall let or employ a Mortgaged Ship or a Mortgaged Linkspan:-
(A) on demise charter for any period;
(B) on any time or consecutive voyage charter or (in respect of a rig or drilling unit) under any drilling contract for a term which exceeds or which by virtue of any optional extensions therein contained may exceed twenty-five (25) months' duration; or
(C) on terms which permit the charterer or operator to purchase the Ship or Linkspan (save for an option price which reflects the market value of such Ship or Linkspan at the time the relevant option is exercisable or a reasonable pre-estimate of such value having regard to the other terms of the relevant charter and save for a charter which is a hire purchase or conditional sale agreement on Credit Terms); provided however that:-
(i) no such consent shall be required in respect of a charter or drilling contract to a Stena Charterer provided that the relevant Stena Charterer has executed and delivered to the Agent a Charterer's Subordination Undertaking and (if the charter is a demise charter) a Charterer's Insurance Assignment in relation to the Mortgaged Ship and (if relevant) the Mortgaged Linkspans and the Approved Manager shall have delivered to the Security Agent a Manager's Subordination Undertaking in relation thereto; and
(ii) in respect of the matters referred to in sub-paragraph (B) of this Clause 16.15 the Agent's consent shall be deemed to have been given thereto if the relevant Shipowner shall not have been informed by the Agent either in writing or by word of mouth that such consent is refused within two (2) Banking Days in Gothenburg and London of the time at which the relevant Shipowner's application for such consent was received by the Agent; and
(iii) the Agent shall not unreasonably withhold its consent to any charter or drilling contract and it shall not for this purpose be reasonable to withhold consent or to impose conditions on its consent either (a) by reason of the failure of the proposed charterer (other than a Stena Charterer) or operator to agree to grant an assignment of its interest in the Insurances of the Ship and/or Linkspan and/or to agree to subordinate its rights in respect of the Ship and/or Linkspan and/or to agree to subordinate its rights in respect of the Ship and/or Linkspan to those of the Security Agent as its mortgagee and/or assignee of its Insurances (in each case either at ...
Restrictions on employment. Lessee shall not employ any employee of Lessor who performed work, directly or indirectly, on behalf or for the benefit of Lessee for twelve months following the last date Lessor’s employee performed such work. Should lessee employ any employee of Lessor within twelve months following the last date Lessor’s employee performed such work, Lessee shall pay Lessor a monthly fee of $6,000.00, prorated for any incomplete month, for each month until the passing of the twelve month limitation.
