Common use of No Conflicts; Laws and Consents; No Default Clause in Contracts

No Conflicts; Laws and Consents; No Default. (a) Neither the execution, delivery and performance of this Assignment nor the consummation of any of the transactions contemplated hereby nor performance of or compliance with the terms and conditions hereof (i) contravenes any Requirement of Law applicable to the Owner or (ii) constitutes a default under the Indenture or any Security Document.

Appears in 9 contracts

Samples: Management Agreement (Golden State Petro Iom I B PLC), Management Agreement (Golden State Petro Iom I B PLC), Management Agreement (Golden State Petro Iom I B PLC)

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No Conflicts; Laws and Consents; No Default. (a) Neither the execution, delivery and performance of this Assignment nor the consummation of any of the transactions contemplated hereby nor performance of or compliance with the terms and conditions hereof (i) contravenes any Requirement of Law applicable to the Owner or (ii) constitutes a default under the Indenture or any Security Document.

Appears in 3 contracts

Samples: Bareboat Charter (California Petroleum Transport Corp), Bareboat Charter (Calpetro Tankers Bahamas Iii LTD), Assignment of Charter (California Petroleum Transport Corp)

No Conflicts; Laws and Consents; No Default. (a) Neither the execution, delivery and performance of this Assignment Mortgage nor the consummation of any of the transactions contemplated hereby nor performance of or compliance with the terms and conditions hereof (i) contravenes any Requirement of Law applicable to the Owner Shipowner or (ii) constitutes a default under the Indenture or any Security Document.

Appears in 1 contract

Samples: Management Agreement (Golden State Petro Iom I B PLC)

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No Conflicts; Laws and Consents; No Default. (a) Neither the execution, delivery and performance of this Assignment nor the consummation of any of the transactions contemplated hereby nor performance of or compliance with the terms and conditions hereof (i) contravenes any Requirement of Law applicable to the Owner Issuer or (ii) constitutes a default under the Indenture or any Security Document.

Appears in 1 contract

Samples: California Petroleum Transport Corp

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