Sale or other disposal not without the prior written consent of the Mortgagee (and then only subject to such terms as the Mortgagee may impose) to sell, agree to sell, transfer, abandon or otherwise dispose of the Ship or any share or interest therein;
Sale or other disposal. The Borrower will not without the prior written consent of the Agent (acting on the instructions of the Lenders) and subject to such conditions as the Agent may impose, sell, agree to sell, transfer, abandon or otherwise dispose of the Ship or any of its other assets or any share or interest therein.
Sale or other disposal sell or agree to sell, transfer, abandon or otherwise dispose of the Vessel or any share or interest therein;
Sale or other disposal except with approval of the Lenders, the relevant Borrower will not dispose of the Ship or any share or interest in it or its rights under the relevant Shipbuilding Contract or agree to do so.
Sale or other disposal not without the prior written consent of the Facility Agent acting on the instructions of the Majority Lenders (and then only subject to such conditions as the Facility Agent may impose in accordance with such instructions) arrange or concur in the sale, any agreement to sell, the transfer, abandonment or other disposition (whether pursuant to clause 3.3 of the Lease Agreement or otherwise) of the Ship or any share or interest therein if, in case of the Ship, the Sale Proceeds of the Ship will or may be insufficient to enable the Borrower to comply with its obligations under clause 4.4 (Payment on Total loss and disposal of the Ship, etc.) arising upon the sale of the Ship (including (without limitation) prepayment in full of the Loan if required by clauses 4.3 (Mandatory prepayment) or 4.4 (Payment on Total loss and disposal of the Ship, etc.)) and the Borrower has not first demonstrated to the reasonable satisfaction of the Facility Agent that the Borrower will have other funds available to it provided by way of Equity Finance to enable it to comply with such obligations upon completion of the sale of the Ship;
Sale or other disposal. If a Vessel is sold or disposed of in any other manner, the amount of the Loan shall, forthwith upon receipt of the proceeds of such sale or such other disposal be reduced by an amount equal to the Required Amount and the Borrowers shall thereupon be obliged to make such repayment of the Loan, in which case the Bank will release the Mortgage and the other Security Documents in respect of this Vessel, provided always that such sale or such other disposal is made at the market value of the relevant Vessel (as determined on the basis of sale for prompt delivery excluding any charter and free of Encumbrances for cash at arm’s length on normal commercial terms as between a willing seller and a willing buyer by major shipbrokers appointed by and/or acceptable to the Bank) prevailing at the time;
Sale or other disposal not without the prior written consent of the Mortgagee (and then only subject to such conditions as the Mortgagee may impose) to dispose of the Assigned Property;
Sale or other disposal not without the prior written consent of the Facility Agent acting on the instructions of the Majority Lenders (and then only subject to such conditions as the Facility Agent may reasonably impose in accordance with such instructions) sell, agree to sell, transfer, abandon or otherwise dispose of any Mortgaged Vessel or any share or interest therein if the Net Sale Proceeds of such Mortgaged Vessel will or may be insufficient to enable the Borrower or the Guarantor to comply with its obligations under clause 6.4 of this Agreement arising upon the sale of such Mortgaged Vessel (including (without limitation) prepayment in full of the Outstandings if required by clause 6.4) and the Borrower or the Guarantor has not first demonstrated to the reasonable satisfaction of the Facility Agent that the Borrower or the Guarantor will have other funds available to it to enable it to comply with such obligations upon completion of the sale of such Mortgaged Vessel;
Sale or other disposal. Except with approval of the Lenders and K-sure, or under the Security Documents, the Borrower will not dispose of its rights:
(a) under the Building Contract, any Refund Guarantee or any other Building Contract Document; or
(b) under any Mooring Document other than a sale or transfer to the Charterer in accordance with the Charter and having repaid or concurrently repaid the Mooring Loan in full (and the Security Agent shall promptly release the Mooring and the Mooring Documents from the relevant Security Interests for such purpose), or, in either case, agree to do so except as contemplated under paragraph (b) above.
Sale or other disposal not without the prior written consent of the Facility Agent acting on the instructions of the Majority Lenders (and then only subject to such conditions as the Facility Agent may impose in accordance with such instructions) sell, agree to sell or request or require the Lessor to sell, transfer, assign, abandon or otherwise dispose of any Ship or any share or interest therein or any Shipbuilding Contract (other than, for the avoidance of doubt, to the Time Charterer in accordance with the terms of the relevant Time Charter) if the proceeds of sale of such Ship or disposal, assignment or transfer of such Shipbuilding Contract, if applied in accordance with the relevant Proceeds Deed, would or may be insufficient to enable the Borrowers to comply with their obligations under clause 4.4 and to meet any expenses incurred by the Borrowers or the Finance Parties in connection with such disposal upon the disposal of such Ship or such Shipbuilding Contract and the Borrowers will not have other funds available to them to enable them to comply with such obligations upon completion of the disposal of such Ship or such Shipbuilding Contract;
