Common use of Use of Corporate Funds Clause in Contracts

Use of Corporate Funds. Pay out any funds to any company or Person except (a) as contemplated by the Acquisition Agreement; (b) in the ordinary course of business in connection with the management of the business of the Security Parties, including the operation and/or repair of the Vessels and other vessels owned, managed or operated by such parties and (c) the servicing of Permitted Indebtedness provided, however, it shall not prepay any such Permitted Indebtedness (excluding the Indebtedness hereunder and under the Related Credit Agreement);

Use of Corporate Funds. Pay out any funds to any company or Person except (a) as contemplated by the Acquisition Agreement; Agreement (b) in the ordinary course of business in connection with the management of the business of the Security Parties, including the operation and/or repair of the Vessels and other vessels owned, managed or operated by such parties and (c) the servicing of Permitted Indebtedness provided, however, it shall not prepay any such Permitted Indebtedness (excluding the Indebtedness hereunder and under the Related Credit Agreement);