Notification of rejection of Ship etc. notify the Security Agent immediately if the Buyer (with the prior written consent of the Security Agent given pursuant to clause 3.2) rejects the Ship or if the Seller, the Contract Guarantor or any Refund Guarantor or (with the prior written consent of the Security Agent given pursuant to clause 3.2) the Buyer cancels, rescinds, repudiates or otherwise terminates any of the Assigned Documents or purports to do so or if the Ship shall become a Total Loss or partial loss or shall be damaged.
Appears in 2 contracts
Samples: Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)
Notification of rejection of Ship etc. notify if either the Security Agent immediately if the Buyer (with the prior written consent of the Security Agent given pursuant to clause 3.2) rejects the Ship or if the Seller, the Contract Guarantor Builder or any Refund Guarantor or (with the prior written consent of the Security Agent given pursuant to clause 3.2) the Buyer cancels, rescinds, repudiates or otherwise terminates any of the Assigned Documents or (with the prior written consent of the Security Agent given pursuant to clause 3.2) rejects the Ship or purports to do so or if the Ship shall become a Total Loss or partial loss or shall be damaged, notify the Security Agent immediately upon becoming aware of the same.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
Notification of rejection of Ship etc. notify the Security Agent immediately if the Buyer (with the prior written consent of the Security Agent given pursuant to clause 3.2) rejects the Ship or if the Seller, Builder or the Contract Guarantor or any Refund Guarantor or (with the prior written consent of the Security Agent given pursuant to clause 3.2) the Buyer cancels, rescinds, repudiates or otherwise terminates any of the Assigned Documents or purports to do so or if the Ship shall become a Total Loss or partial loss or shall be damaged.
Appears in 1 contract
