Common use of Transfer by Xxxxxxxx Clause in Contracts

Transfer by Xxxxxxxx. The Borrower may not, without the consent of the Agent, given on the instructions of all the Lenders: (a) transfer any of its rights or obligations under any Finance Document; 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.)

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Transfer by Xxxxxxxx. The Borrower may not, without the prior written consent of the Agent, given on the instructions of all the Lenders: (a) transfer any of its rights or obligations under any Finance Document; 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 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Transfer by Xxxxxxxx. The Borrower Borrowers may not, without the consent of the Agent, given on the instructions of all the Lenders: (a) , transfer any of its rights rights, liabilities or obligations under any Finance Document; 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 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

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