Common use of Releases and Waivers Clause in Contracts

Releases and Waivers. Except with approval (such approval not to be unreasonably withheld or delayed), there shall be no release by the relevant Owner of any obligation of any other person under the Charter Documents (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Releases and Waivers. Except with approval (such approval not to be unreasonably withheld or delayed)approval, there shall be no release by the relevant Owner of any obligation of any other person under the Charter Documents (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Releases and Waivers. Except with approval (such approval not to be unreasonably withheld or delayed)approval, there shall be no release by the relevant Owner of any obligation of any other person under the relevant Charter Documents (including by way of novation, assignment or transfer), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach, if this would be materially prejudicial to the interests of the Lender (but always subject to the restrictions of the other provisions of this clause 27 and the other provisions of this Agreement and the other Finance Documents).

Releases and Waivers. Except with approval (such approval not to be unreasonably withheld or delayed)approval, there shall be no release by the relevant Owner of any obligation of any other person under the relevant Charter Documents in respect of the relevant Assignable Charter (including by way of novation, assignment or transfer), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach, if this would be materially prejudicial to the interests of the Lenders (but always subject to the restrictions of the other provisions of this clause 27 and the other provisions of this Agreement and the other Finance Documents).