Common use of Security and Financial Indebtedness Clause in Contracts

Security and Financial Indebtedness. 18.20.1 No Security Interest exists over all or any of the present or future assets of any Obligor in breach of this Agreement. 18.20.2 No Obligor has any Financial Indebtedness outstanding in breach of this Agreement.

Appears in 3 contracts

Samples: Facility Agreement (DryShips Inc.), Supplemental Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

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Security and Financial Indebtedness. 18.20.1 No Security Interest exists over all or any of the present or future assets of any Obligor in breach of this Agreement. 18.20.2 No Obligor has any Financial Indebtedness outstanding in breach of this Agreement.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)

Security and Financial Indebtedness. 18.20.1 No Security Interest exists over all or any of the present or future assets of any Obligor or other Group Member in breach of this Agreement. 18.20.2 No Obligor or other Group Member has any Financial Indebtedness outstanding in breach of this Agreement.

Appears in 2 contracts

Samples: Facility Agreement (Quintana Shipping Ltd.), Facility Agreement (Navigator Holdings Ltd.)

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Security and Financial Indebtedness. 18.20.1 18.19.1 No Security Interest exists over all or any of the present or future assets of any Obligor in breach of this Agreement. 18.20.2 18.19.2 No Obligor has any Financial Indebtedness outstanding in breach of this Agreement.

Appears in 2 contracts

Samples: Loan Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

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