This excerpt taken from the OME 8-K filed Oct 21, 2005.
SECTION 12. OPERATING RESTRICTIONS:
(a) DOCUMENTATION: The Borrower will keep the Vessel documented under the laws of the United States and no transfer of port of hailing of the Vessel shall be made without the prior written consent thereto of the Government.
(b) LAWFUL OPERATION: The Borrower will not cause or permit the Vessel to be operated in any manner contrary to law or contrary to any rules and regulations which may from time to time be prescribed pursuant to law.
(c) VESSEL SHALL NOT LEAVE UNITED STATES WATERS: The Borrower will not remove, attempt to remove, or allow the vessel to be moved beyond the limits of the United States without the written consent of the Government. If said written consent is obtained, the Borrower will execute certain documents and will not abandon the Vessel in a foreign port. The Borrower will not engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture, or capture, and will not do, or suffer or permit to be done, anything which can or may injuriously affect the documentation of the Vessel under the laws and regulations of the United States.
(d) Upon demand by the Government to the master of the Vessel or the Borrower, the Borrower will return the vessel to the waters known as the Exclusive Economic Zone (EEZ) of the United States and, if the Government so demands, to a port of call chosen by the Government, thereby revoking any prior consent extended by the Government with respect to operation of the Vessel outside the Exclusive Economic Zone of the United States.
SECTION 13. PAYMENTS MUST BE TIMELY MADE AND TERMS OF THE MORTGAGE , NOTE AND OTHER LOAN DOCUMENTS MUST BE MET: The Borrower will duly and punctually pay all the principal of and interest on the Note and the Mortgage as herein and in the Note and other loan documents provided, and will at all times keep, perform, and observe all and singular the covenants, conditions, stipulations, promises, and agreements in this Mortgage and in the Note expressed or implied on its part to be kept, performed, and observed, and will duly punctually pay all sums that may hereinafter become due hereunder.