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.
Appears in 19 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Restrictions on employment. The No 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.
Appears in 10 contracts
Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)
Restrictions on employment. The Borrower shall procure that no Owner shall employ the Ship owned by it, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 7 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Box Ships Inc.)
Restrictions on employment. The Borrower shall procure that no the Owner shall not employ the Ship owned by itShip, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)
Restrictions on employment. The Borrower shall procure that no Owner not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 5 contracts
Samples: Loan Agreement (Navios Maritime Containers Inc.), Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (NewLead Holdings Ltd.)
Restrictions on employment. The Borrower shall procure that no Owner shall employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 3 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Restrictions on employment. The Borrower shall procure that no the Owner will not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (Star Cosmo Llc.), Loan Agreement (Star Bulk Carriers Corp.)
Restrictions on employment. The Borrower shall procure that no Owner shall employ the Ship owned by itits Ship, nor shall permit her it to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)
Restrictions on employment. The Borrower shall procure that no Owner of a Mortgaged Ship will employ the Ship owned by itits Ship, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Restrictions on employment. The Borrower shall procure that no neither Owner shall employ the Ship owned by it, nor shall permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (StealthGas Inc.)
Restrictions on employment. The Neither Borrower shall, and shall procure that no the Collateral Owner shall not, employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Restrictions on employment. The Borrower shall procure that no neither Owner employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Restrictions on employment. The Borrower shall procure that no Owner not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances, unless additional insurance cover is, with the Agent’s consent, provided by the Borrower.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
Restrictions on employment. The Borrower shall procure that no the Owner shall not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Restrictions on employment. The Borrower shall procure that no each Owner will not employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.)
Restrictions on employment. The Each Borrower shall procure that no Owner not employ the Ship owned by it, nor permit her to be employed, outside the cover provided by any obligatory insurances.
Appears in 1 contract
Restrictions on employment. The Borrower shall procure that no Owner not employ the Ship owned by itShip, nor permit her to be employed, outside the cover provided by any obligatory insurancesinsurance.
Appears in 1 contract
Samples: Loan Agreement (Box Ships Inc.)
