Common use of Sale or other Dispositions Clause in Contracts

Sale or other Dispositions. Except as permitted by the Credit Agreement and as contemplated in Section 4.09 below, the Shipowner will not sell, mortgage, bareboat charter, transfer or in any other way dispose of all or any part of any of the Vessels, provided, however, the Shipowner may charter, or otherwise enter into agreements covering the use of, any of the Vessels in the ordinary course of business.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Hornbeck Offshore Services Inc /La)

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Sale or other Dispositions. Except as permitted by the Credit Agreement and as contemplated in Section 4.09 belowAgreement, the Shipowner will not sell, mortgage, bareboat charter, transfer or in any other way dispose of all or any part of any of the VesselsVessel, provided, however, the Shipowner may charter, or otherwise enter into agreements covering the use of, bareboat charter any of the Vessels Vessel in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

Sale or other Dispositions. Except as permitted by the Credit Agreement and as contemplated in Section 4.09 belowAgreement, the Shipowner will not sell, mortgage, bareboat charter, transfer or in any other way dispose of all or any part of any of the VesselsVessel, provided, however, the that Shipowner may charter, or otherwise enter into agreements covering bareboat charter the use of, any of the Vessels Vessel in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

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Sale or other Dispositions. Except as permitted by the Credit Agreement and as contemplated in Section 4.09 belowAgreement, the Shipowner will not sell, mortgage, bareboat charter, transfer or in any other way dispose of all or any part of any of the VesselsVessel, provided, however, the Shipowner may charter, or otherwise enter into agreements covering bareboat charter the use of, any of the Vessels Vessel in the ordinary course of business.

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, LLC)

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