Common use of Salt Water Operation Clause in Contracts

Salt Water Operation. No Credit Party shall operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) in salt water for any period of time without the consent of the Lenders.

Salt Water Operation. No Credit Party shall operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) in salt water for any period of time (other than trades permitted by Section 5.11(b)(xii)), in each case, without the consent of the Lenders, except as permitted by Section 5.15.

Salt Water Operation. No Credit Party shall, or shall permit any other Person to, operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) in salt water for any period of time (other than trades permitted by Section 5.11(b)(xii)), in each case, without the consent of the LendersAgent, except in the case of the Manitoulin the voyage from China to the Great Lakes contemplated in Section 5.15(c)(i).

Salt Water Operation. No Credit Party shall operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) in salt water for any period of time time, in each case, without the consent of the Lenders. Prior to the effectiveness of the registration of the Pxxxxxx Mortgage in accordance with Section 5.13(b) hereof, the Pxxxxxx shall not operate outside of Canada.

Salt Water Operation. No Credit Party shall operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) except as otherwise permitted pursuant to Section 6.24, in salt water for any period of time time, in each case, without the consent of the Lenders.

Salt Water Operation. No Credit Party shall operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) in salt water for any period of time time, in each case, without the consent of the Lenders.

Salt Water Operation. No Credit Party shall, or shall permit any other Person to, operate the Vessels in (a) any manner contrary to the provisions of Sections 5.11(b)(xii) and (xiii) and (b) in salt water for any period of time (other than trades permitted by Section 5.11(b)(xii)), in each case, without the consent of the Lenders, except in the case of the Manitoulin, the voyage from China to the Great Lakes as permitted by Section 5.15.