Common use of Contracts and Agreements Clause in Contracts

Contracts and Agreements. Other than the Contracts, there are no material contracts or agreements, written or oral, to which the Vessel Owner is a party or by which any of its assets are bound. (a) Each of the Contracts is a valid and binding agreement of the Vessel Owner, and to the best knowledge of the Seller, of all other parties thereto; (b) The Vessel Owner has fulfilled all material obligations required pursuant to its Contracts to have been performed by it prior to the date hereof and has not waived any material rights thereunder, including payment in full of the purchase price for the Vessel, together with any other payments of the Vessel Owner due thereunder; and (c) There has not occurred any material default under any of the Contracts on the part of the Vessel Owner, or to the best knowledge of the Seller, on the part of any other party thereto nor has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of the Vessel Owner under any of the Contracts nor, to the best knowledge of the Seller, has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other party to any of the Contracts.

Contracts and Agreements. Other than the Charter and the Amendment to the Management Agreement (together, the “Contracts”), there are no material contracts or agreements, written or oral, to which the Vessel Owner Owning Subsidiary is a party or by which any of its assets are bound. (a) Each of the Contracts is a valid and binding agreement of the Vessel OwnerOwning Subsidiary, and to the best knowledge of the Seller, of all other parties thereto; (b) The Vessel Owner Owning Subsidiary has fulfilled all material obligations required pursuant to its Contracts to have been performed by it prior to the date hereof and has not waived any material rights thereunder, including payment in full of the purchase price for the Vessel, together with any other payments of the Vessel Owner due thereunder; and (c) There has not occurred any material default under any of the Contracts on the part of the Vessel OwnerOwning Subsidiary, or to the best knowledge of the Seller, on the part of any other party thereto nor has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of the Vessel Owner Owning Subsidiary under any of the Contracts nor, to the best knowledge of the Seller, has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other party to any of the Contracts.

Contracts and Agreements. Other than the Contracts, Contracts there are no material contracts or agreements, written or oral, to which the Vessel Owner is a party or by which any of its assets are bound. (a) Each of the Contracts is a valid and binding agreement of the Vessel Owner, and to the best knowledge of the Seller, of all other parties thereto; (b) The Vessel Owner has fulfilled all material obligations required pursuant to its Contracts to have been performed by it prior to the date hereof and has not waived any material rights thereunder, including payment in full of the purchase price for the Vessel, together with any other payments of the Vessel Owner due thereunder; and (c) There has not occurred any material default under any of the Contracts on the part of the Vessel Owner, or to the best knowledge of the Seller, on the part of any other party thereto nor has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of the Vessel Owner under any of the Contracts nor, to the best knowledge of the Seller, has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other party to any of the Contracts.

Contracts and Agreements. Other than the Contracts, there are no All material contracts or and agreements, written or oral, to which the Vessel Owner a Company is a party or by which any of its assets are boundbound (the “Contracts”) have been disclosed to Buyer. No other contracts will be entered into by any of the Companies prior to the Closing Date without the prior consent of Buyer (such consent not to be unreasonably withheld). (a) Each of the Contracts is a valid and binding agreement of the Vessel Ownereach respective contracting Company, and to the best knowledge of the Seller, of all other parties thereto; (b) The Vessel Owner Each of the Companies has fulfilled all material obligations required pursuant to its respective Contracts to have been performed by it prior to the date hereof and has not waived any material rights thereunder, including payment in full of the purchase price for the Vessel, together with any other payments of the Vessel Owner due thereunderhereof; and (c) There has not occurred any material default under any of the Contracts on the part of the Vessel OwnerContracts, or to the best knowledge of the Seller, on the part of any other party thereto nor has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any of the Vessel Owner Companies under any of the Contracts nor, to the best knowledge of the Seller, has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other party to any of the Contracts.

Contracts and Agreements. Other than the Contracts, there are no material contracts or agreements, written or oral, to which the Vessel Owner is a party or by which any of its assets are bound. (a) Each of the Contracts is a valid and binding agreement of the Vessel Owner, and to the best knowledge of the SellerSellers, of all other parties thereto;. (b) The Vessel Owner has fulfilled all material obligations required pursuant to its Contracts to have been performed by it prior to the date hereof and has not waived any material rights thereunder, including payment in full of the purchase price for the Vessel, together with any other payments of the Vessel Owner due thereunder; and. (c) There has not occurred any material default under any of the Contracts on the part of the Vessel Owner, or to the best knowledge of the SellerSellers, on the part of any other party thereto nor has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of the Vessel Owner under any of the Contracts nor, to the best knowledge of the SellerSellers, has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other party to any of the Contracts or that would give any other party thereto a right to terminate any of the Contracts.

Contracts and Agreements. Other than the Contracts, there are no material contracts or agreements, written or oral, to which the Vessel Owner is a party or by which any of its assets are bound. (a) Each of the Contracts is a valid and binding agreement of the Vessel Owner, and to the best knowledge of the Seller, of all other parties thereto; (b) The Vessel Owner has fulfilled all material obligations required pursuant to its the Contracts to have been performed by it prior to the date hereof and has not waived any material rights thereunder, including payment in full of the purchase price for the Vessel, together with any other payments of the Vessel Owner due thereunder; and (c) There has not occurred any material default under any of the Contracts on the part of the Vessel Owner, or to the best knowledge of the Seller, on the part of any other party thereto nor has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of the Vessel Owner under any of the Contracts nor, to the best knowledge of the Seller, has any event occurred which with the giving of notice or the lapse of time, or both, would constitute any material default on the part of any other party to any of the Contracts.