Common use of Notice of Abandonment Clause in Contracts

Notice of Abandonment. Provided no Relevant Event shall have occurred and be continuing the Lessee shall have the sole right to determine whether or not a case has arisen for the giving of notice of abandonment to abandon the Ship to the insurers and/or claim a constructive total loss and the Lessee is hereby irrevocably authorised by the Lessor to give the same if it so determines. The Lessor shall, upon the written request of the Lessee, promptly execute such documents as may be required to enable the Lessee and/or, during the Sub-Lease Period, the Sub-Lessee to abandon the Ship to the insurers and/or claim a constructive total loss and the Lessor shall give the Lessee and/or, during the Sub-Lease Period, the Sub-Lessee all appropriate assistance in pursuing the said claim.