Termination of Operations; Sale of Assets. Except as expressly permitted under this Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 11 contracts
Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)
Termination of Operations; Sale of Assets. Except as expressly permitted under this AgreementWithout the Agent's prior written consent, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of the any Security Party are seized or otherwise appropriated; or
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Termination of Operations; Sale of Assets. Except except as expressly permitted under this Credit Facility Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 4 contracts
Samples: Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Tankers Inc.)
Termination of Operations; Sale of Assets. Except as expressly permitted under this Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party are seized or otherwise appropriatedappropriated (subject to the provisions hereof and of the Security Documents respecting in rem proceedings); or
Appears in 3 contracts
Samples: Credit Agreement (Chiles Offshore Inc/New/), Credit Agreement (Chiles Offshore LLC), Credit Agreement (Chiles Magellan LLC)
Termination of Operations; Sale of Assets. Except as expressly permitted under this Agreement, any Any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party thereof are seized or otherwise appropriated; or
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (SEACOR Marine Holdings Inc.)
Termination of Operations; Sale of Assets. Except except as expressly permitted under this Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets (other than such a sale by one Guarantor to another) or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 2 contracts
Samples: Facility Agreement (Omi Corp/M I), Loan Agreement (Omi Corp/M I)
Termination of Operations; Sale of Assets. Except except as expressly permitted under this Agreement, any Security Party ceases its operations or any Borrower or the Guarantor sells or otherwise disposes of all or substantially all of its assets (other than such a sale by one Security Party to another) or all or substantially all of the assets of any Security Party Borrower or the Guarantor are seized or otherwise appropriated; or
Appears in 1 contract
Samples: Secured Credit Facility Agreement (Teekay Shipping Corp)
Termination of Operations; Sale of Assets. Except as expressly permitted under this AgreementAgreement or as contemplated by the Borrower Restructuring, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 1 contract
Termination of Operations; Sale of Assets. Except except as expressly permitted under this Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets (other than such a sale by one Guarantor to another or by one Subordinated Guarantor to another) or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 1 contract
Samples: Loan Agreement (Omi Corp/M I)
Termination of Operations; Sale of Assets. Except except as expressly permitted under this Loan Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 1 contract
Termination of Operations; Sale of Assets. Except except as expressly permitted under this Agreement, any Security Party ceases its operations or sells or otherwise disposes of all or substantially all of its assets or all or substantially all of the assets of any Security Party are seized or otherwise appropriated; or
Appears in 1 contract
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)
