Common use of Charters etc Clause in Contracts

Charters etc. advise the Agent promptly of any charterparty or other contract of employment of a Ship with a tenor exceeding twelve (12) months (other than the Charters), forthwith after its execution and: (a) forthwith after its execution deliver a certified copy of each such charterparty or other contract of employment to the Agent; (b) forthwith following demand by the Agent execute: (i) a charter assignment of any such charterparty or other contract of employment in favour of the Security Agent in a form similar to that of the Charter Assignments; and (ii) any notice of assignment required in connection therewith in a form acceptable to the Agent in its reasonable discretion; (c) promptly procure the service of any such notice of assignment on the relevant charterer and the acknowledgement of such notice by the relevant charterer in a form reasonably acceptable to the Agent and the relevant charterer; (d) forthwith on the Agent’s request, deliver to the Agent such documents of the type specified in schedule 3 in relation to any such charterparty, contract, assignment, notice or acknowledgement as the Agent may reasonably require and which are available to the Borrowers; and (e) pay all legal and other costs incurred by the Agent or any other Creditor in connection with any such charter assignments or any other matters referred to in this clause 8.1.16 forthwith following the Agent’s demand (provided that any such expenses incurred prior to an Event of Default shall be reasonable and documented);

Charters etc. advise provided it has first obtained the relevant consent of the Security Agent in accordance with the relevant Ship Security Documents, (a) deliver to the Agent promptly a certified copy of any charterparty each charter or other contract of employment of a Ship with a tenor exceeding twelve (12) months (other than the Charters)months, forthwith after its execution and: (a) forthwith after its execution deliver a certified copy of each such charterparty or other contract of employment to the Agent; execution, (b) forthwith on the Agent’s demand made following demand by the Agent execute: occurrence of an Event of Default which is continuing execute (i) a charter specific assignment of any such charterparty charter or other contract of employment in favour of the Security Agent in a form similar acceptable to that of the Charter Assignments; and Agent in its reasonable discretion and (ii) any notice of assignment required in connection therewith in a form acceptable to the Agent in its reasonable discretion; (c) discretion and promptly procure the service acknowledgement of any such notice of assignment on the relevant charterer and the acknowledgement of such notice by the relevant charterer in a form reasonably acceptable to the Agent and the relevant charterer; in its sole discretion, (dc) forthwith on the Agent’s request, deliver to the Agent such documents of the type specified in schedule 3 in relation to any such charterpartycharter, contract, assignment, notice or acknowledgement as the Agent may reasonably require and which are available to the Borrowers; and (ed) pay all legal and other costs incurred by the Agent or any other Creditor and/or the Security Agent in connection with any such charter assignments or any other matters referred to in this clause 8.1.16 specific assignments, forthwith following the Agent’s demand (provided that any such expenses incurred prior to an Event of Default shall be reasonable and documented)demand;

Charters etc. advise provided it has first obtained the relevant consent of the Security Agent in accordance with the relevant Ship Security Documents, (a) deliver to the Agent promptly a certified copy of any charterparty each charter or other contract of employment of a Ship with a tenor exceeding twelve (12) months (other than the Charters)months, forthwith after its execution and: (a) forthwith after its execution deliver a certified copy of each such charterparty or other contract of employment to the Agent; execution, (b) forthwith on the Agent's demand made following demand by the Agent execute: occurrence of an Event of Default which is continuing execute (i) a charter specific assignment of any such charterparty charter or other contract of employment in favour of the Security Agent in a form similar acceptable to that of the Charter Assignments; and Agent in its reasonable discretion and (ii) any notice of assignment required in connection therewith in a form acceptable to the Agent in its reasonable discretion; (c) discretion and promptly procure the service acknowledgement of any such notice of assignment on the relevant charterer and the acknowledgement of such notice by the relevant charterer in a form reasonably acceptable to the Agent and the relevant charterer; in its sole discretion, (dc) forthwith on the Agent’s 's request, deliver to the Agent such documents of the type specified in schedule 3 in relation to any such charterpartycharter, contract, assignment, notice or acknowledgement as the Agent may reasonably require and which are available to the Borrowers; and (ed) pay all legal and other costs incurred by the Agent or any other Creditor and/or the Security Agent in connection with any such charter assignments or any other matters referred to in this clause 8.1.16 specific assignments, forthwith following the Agent’s demand (provided that any such expenses incurred prior to an Event of Default shall be reasonable and documented)'s demand;

Charters etc. advise the Agent promptly of any charterparty or other contract of employment of a Ship with a tenor exceeding twelve (12) months (other than the Charters), forthwith after its execution and: (a) forthwith after its execution deliver a certified copy of each such charterparty or other contract of employment to the Agent; (b) forthwith following demand by the Agent execute: (i) a charter assignment of any such charterparty or other contract of employment in favour of the Security Agent in a form similar to that of the Charter Assignments; and (ii) any notice of assignment required in connection therewith in a form acceptable to the Agent in its reasonable discretion; (c) promptly procure the service of any such notice of assignment on the relevant charterer and the acknowledgement of such notice by the relevant charterer in a form reasonably acceptable to the Agent and the relevant charterer; (d) forthwith on the Agent’s request, deliver to the Agent such documents of the type specified in schedule 3 in relation to any such charterparty, contract, assignment, notice or acknowledgement as the Agent may reasonably require and which are available to the Borrowers; and (e) pay all legal and other costs incurred by the Agent or any other Creditor in connection with any such charter assignments or any other matters referred to in this clause 8.1.16 8.1.7 forthwith following the Agent’s demand (provided that any such expenses incurred prior to an Event of Default shall be reasonable and documented);