Common use of Transfer by Borrower Clause in Contracts

Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights or obligations under any Finance Document and the Master Agreement; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.

Appears in 4 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Box Ships Inc.)

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Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.

Appears in 3 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Euroseas Ltd.)

Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Capital Product Partners L.P.)

Transfer by Borrower. The Borrower may not, without the prior written consent of the LenderFacility Agent, given on the instructions of all the Lenders: (a) transfer any of its rights or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights rights, liabilities or obligations under any Finance Document and this Agreement or the Master AgreementSecurity Documents; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights rights, liabilities or liabilities obligations would vest in, or pass to, another person.

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Amendment Agreement (Aegean Marine Petroleum Network Inc.)

Transfer by Borrower. The Borrower may not, without the prior written consent of the LenderAgent, such consent not to be unreasonably withheld, given on the instructions of all the Lenders: (a) transfer any of its rights or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another person.

Appears in 2 contracts

Samples: Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

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Transfer by Borrower. The Borrower may not, not without the prior written consent of the Lender: (a) Lender transfer any of its rights or obligations under any Finance Document and the Master Agreement; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its rights or liabilities would vest in, or pass to, another personDocument.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights respective rights, liabilities or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of its of, their rights or liabilities would vest in, or pass to, another person.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Transfer by Borrower. The Borrower may not, without the prior written consent of the Lender: (a) transfer any of its rights or obligations under any Finance Document and the Master AgreementDocument; or (b) enter into any merger, de-merger or other reorganisation, or carry out any other act, as a result of which any of of, its rights or liabilities would vest in, or pass to, another person.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

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