Common use of Charters etc Clause in Contracts

Charters etc. (i) deliver to the Agent a Certified Copy of the Required Charter and each Extended Employment Contract upon its execution, (ii) forthwith on the Agent’s request execute (a) a Charter Assignment in respect thereof and (b) any notice of assignment required in connection therewith and shall provide to the Agent evidence of service of such notice to the relevant charterer and use best efforts to procure the acknowledgement of any such notice of assignment by the relevant charterer and (c) (if the Extended Employment Contract is a bareboat charter) procure execution by the Borrower and the charterer of a Tripartite Deed, together with all notices required to be determined thereunder and (iii) pay all legal and other costs incurred by the Agent in connection with any such Charter Assignment and Tripartite Deed, forthwith following the Agent’s demand;