Common use of Restrictions on employment Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

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Restrictions on employment. The Borrower shall not employ the Financed Ship, nor permit the Ship to be employed, outside the cover provided by any obligatory insurances.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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