Single-purpose companies. The Issuer shall procure that any Group Company directly owning one or more Vessels shall remain single-purpose companies, not having any other business than solely related to their ownership and operation of the Vessels as well as rights and obligations under charters.
Appears in 4 contracts
Samples: Bond Agreement, Bond Agreement, Bond Agreement
Single-purpose companies. The Issuer shall procure that any Group Company directly owning ownmg one or more Vessels shall remain single-purpose companies, not having any other business than solely related to their ownership and operation of the Vessels as well as rights and obligations under charters.
Appears in 1 contract
Samples: Bond Agreement
