Prevention of and release from arrest Sample Clauses

Prevention of and release from arrest. Each Borrower shall promptly discharge:
AutoNDA by SimpleDocs
Prevention of and release from arrest. (a) Each Borrower shall, in respect of the Ship owned by it, promptly discharge:
Prevention of and release from arrest. The Borrower shall procure that each Owner shall promptly discharge or settle:
Prevention of and release from arrest. Each Guarantor shall promptly discharge:
Prevention of and release from arrest without prejudice to clause 29.3 promptly pay and discharge or procure that there is paid or discharged (by settlement, providing bail or procuring the provision of security or otherwise as the circumstances may allow or require) all debts, damages, liabilities and outgoings whatsoever which have given or may give rise to maritime, statutory or possessory liens on, or claims enforceable against the Ship or the Insurances or any part thereof and, in the event of a writ or libel being filed against the Ship or the Insurances or any part thereof, or of any of the same being arrested, attached or levied upon pursuant to legal process or purported legal process or in the event of detention of the Ship in exercise or purported exercise of any such lien or claim as aforesaid, procure the release of the Ship and the Insurances from such arrest, detention, attachment or levy or, as the case may be, the discharge of the writ or libel promptly (and, in the case of an arrest of the Ship, within the period provided therefor in clause 26.1.17) upon receiving notice thereof by providing bail or procuring the provision of security or otherwise as the circumstances may require;
Prevention of and release from arrest to pay and discharge or procure the payment and discharge of all debts damages and liabilities whatsoever which have given or may give rise to maritime or possessory liens on or claims enforceable against the Ship, unless contested in good faith, and in event of arrest of the Ship pursuant to legal process or in event of her detention in exercise or purported exercise of any such lien as aforesaid to procure the release of the Ship from such arrest or detention forthwith upon receiving notice thereof by providing bail or otherwise as the circumstances may require;
Prevention of and release from arrest. Each Shipowner shall promptly discharge:
AutoNDA by SimpleDocs
Prevention of and release from arrest. Each Borrower shall promptly discharge (or, in the case of paragraph (a) below, shall provide evidence satisfactory to the Agent that such liabilities are being contested by that Borrower in good faith by appropriate steps and in respect of which appropriate reserves have been made):
Prevention of and release from arrest. Each Guarantor shall in relation to each Ship owned by it promptly discharge:
Prevention of and release from arrest promptly to pay and discharge all debts, damages, liabilities and outgoings whatsoever which have given or may give rise to maritime, statutory or possessory liens on, or claims enforceable against, the Ship, her Earnings or Insurances or any part thereof and, in the event of a writ or libel being filed against the Ship, her Earnings or Insurances or any part thereof, or of any of the same being arrested, attached or levied upon pursuant to legal process or purported legal process or in the event of detention of the Ship in exercise or purported exercise of any such lien or claim as aforesaid, to procure the release of the Ship, her Earnings and Insurances from such arrest, detention, attachment or levy or, as the case may be, the discharge of the writ or libel forthwith upon receiving notice thereof by providing bail or procuring the provision of security or otherwise as the circumstances may require;
Time is Money Join Law Insider Premium to draft better contracts faster.