Examples of Charter Documents in a sentence
Subject to any applicable Legal Reservations, the Charter Documents constitute legal, valid, binding and enforceable obligations of the Obligors in accordance with their respective terms.
The relevant Owner shall perform its obligations under the relevant Charter Documents in respect of the relevant Assignable Charter for the Ship and use its reasonable endeavours to ensure that each other party to them performs their obligations under the relevant Charter Documents.
All Earnings which the relevant Owner is entitled to receive under the relevant Charter Documents in respect of the relevant Assignable Charter for the Ship shall be paid into the Earnings Account or, following an Event of Default, in the manner required by the Finance Documents.
Each Obligor who is a Party undertakes that this clause 27 will be complied with in relation to each Mortgaged Ship which is subject to an Assignable Charter and its Charter Documents, in respect of the same and throughout the relevant Mortgaged Ship's Mortgage Period.