Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship Mortgage covering the Vessel given by the Assignor to the Assignee, as collateral agent and mortgagee, the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.
Appears in 3 contracts
Samples: Indenture (OFFSHORE GROUP INVESTMENT LTD), Indenture (Vantage Drilling Netherlands B.V.), Indenture (Vantage Drilling International)
Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the a Ship Mortgage covering the such Vessel given by the such Assignor to the Assignee, as collateral agent and mortgagee, the such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.
Appears in 3 contracts
Samples: Indenture (OFFSHORE GROUP INVESTMENT LTD), Indenture (Vantage Drilling International), Indenture (Vantage Drilling Netherlands B.V.)
Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship Mortgage Mortgage, covering the Vessel given by the Assignor to the Assignee, as collateral agent and mortgagee, the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.
Appears in 2 contracts
Samples: Intercreditor Agreement (Vantage Drilling CO), Intercreditor Agreement (Vantage Drilling CO)
Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship Mortgage covering the Vessel given by the Assignor to the Assignee, as collateral agent and mortgagee, the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Third Assignment and this Assignment) in all respects as if this Assignment had not been made.
Appears in 2 contracts
Samples: Indenture (Vantage Drilling International), Indenture (Vantage International Management Pte Ltd.)
Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the a Ship Mortgage covering the such Vessel given by the such Assignor to the Assignee, as collateral agent and mortgagee, the such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Third Assignment and this Assignment) in all respects as if this Assignment had not been made.
Appears in 2 contracts
Samples: Indenture (Vantage Drilling International), Indenture (Vantage International Management Pte Ltd.)
Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship a Mortgage covering the such Vessel given by the such Assignor to the Assignee, as collateral agent and mortgagee, the such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.
Appears in 2 contracts
Samples: Intercreditor Agreement (Vantage Drilling CO), Intercreditor Agreement (Vantage Drilling CO)