Common use of Restrictions on dealing Clause in Contracts

Restrictions on dealing. The Company shall not: (a) create or permit to subsist any Security Interest on any Security Asset other than the Security Interests created by this Deed; (b) sell, transfer, grant, or lease or otherwise dispose of any Security Asset; or (c) take or permit the taking of any action which would reasonably be likely to result in the rights attaching to any Mortgaged Assets being altered or further shares in the Borrower being issued (other than the issue of any deferred shares by the Company in accordance with the terms of the Share Subscription Agreement).

Restrictions on dealing. The Company shall not: (a) create or permit to subsist any Security Interest on any Security Asset other than the Security Interests created by this Deed;Assignment; or (b) sell, transfer, grant, or lease or otherwise dispose of any Security Asset; or (c) take or permit the taking of any action which would reasonably be likely to result in the rights attaching to any Mortgaged Assets being altered or further shares in the Borrower being issued (other than the issue of any deferred shares by the Company in accordance with the terms of the Share Subscription Agreement).

Restrictions on dealing. The Company shall not: (a) create or permit to subsist any Security Interest on any Security Asset other than the any Security Interests Interest created by this DeedShare Pledge Agreement; (b) sell, transfer, grant, or lease transfer or otherwise dispose of of, any Security Asset; or; (c) take or permit the taking of any action which would reasonably be likely to may result in the rights attaching to any Mortgaged of the Security Assets being altered or further shares in the Borrower Navion ASA being issued (other than the issue of any deferred shares by the Company in accordance with the terms of the Share Subscription Agreement)issued.