Common use of Use of Corporate Funds Clause in Contracts

Use of Corporate Funds. permit any Guarantor to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiaries, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Debt permitted hereunder;

Use of Corporate Funds. permit any Guarantor to (in the case of each of the Borrowers) except as permitted under Sections 9.2(b) and 9.2(k) above, pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiariesa Borrower, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and Borrower, (ii) the servicing of the Debt Indebtedness permitted hereunderhereunder (but excluding, any prepayments of any Indebtedness other than the Loan);

Use of Corporate Funds. permit any Guarantor Borrower to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiariessuch Borrower, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Debt Indebtedness permitted hereunderhereunder (but excluding, any prepayments of any Indebtedness other than the Facility);

Use of Corporate Funds. permit any the Guarantor to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of the Borrower Borrowers and its their Subsidiaries, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Debt permitted hereunder;

Use of Corporate Funds. permit any Guarantor Borrower to pay out any funds to any company or person except (i) in the ordinary course of business in connection with the management of the business of the Borrower Guarantor and its Subsidiaries, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Debt permitted hereunder;

Use of Corporate Funds. permit any Guarantor Borrower to pay out any funds to any company or person Person except (i) in the ordinary course of business in connection with the management of the business of the Borrower Guarantor and its Subsidiaries, including the operation and/or repair of any of the Vessels and other vessels owned or operated by such parties and (ii) the servicing of the Debt permitted hereunder;