CONCERNING SECTION 4 Clause Samples
The "Concerning Section 4" clause serves to reference, clarify, or modify the terms and conditions outlined in Section 4 of the agreement. In practice, this clause may specify how certain provisions in Section 4 should be interpreted, highlight exceptions, or introduce additional requirements related to that section. Its core function is to ensure that any ambiguities or special considerations regarding Section 4 are addressed, thereby promoting clarity and preventing misunderstandings between the parties.
CONCERNING SECTION 4. (i) The appointment of a Paying Agent by the Shipowner is subject to the prior written consent of the Secretary and Indenture Trustee, which consent shall not be unreasonably withheld.
(ii) Section 4.02(a)(3) is revised to read as follows:
CONCERNING SECTION 4. 03. Section 4.03 is revised to read as follows: