No substantial liabilities. Except in the ordinary course of business, the Borrower shall not (and shall ensure that no Security Party will) incur any liability to any third party which is in the Lender’s opinion of a substantial nature.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Heidmar Maritime Holdings Corp.), Amendment and Restatement Agreement to Working Capital Borrowing Base Facility Agreement (Heidmar Maritime Holdings Corp.)