Prevention of arrest Sample Clauses

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the Ship, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith and adequate reserves are being maintained for such payment.
AutoNDA by SimpleDocs
Prevention of arrest. The Lessee will not do, and will use all reasonable endeavours to prevent, any act which could reasonably be expected to result in the Aircraft or any of its Engines being arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory Lien or other claim or otherwise taken from the possession of the Lessee, any Sub-Lessee or any Sub-Sub-Lessee and, if any such arrest, confiscation, seizure, taking, impounding, forfeiture or detention occurs, the Lessee will give the Security Trustee written notice thereof as soon as reasonably practicable, and will make all reasonable efforts to procure the prompt release of the Aircraft and each of its Engines.
Prevention of arrest. No Obligor will take, and each Obligor will use all reasonable endeavours to prevent, any action which could reasonably be expected to result in an Aircraft or any of its Engines being arrested, confiscated, seized, taken in execution, impounded, forfeited, detained in exercise or purported exercise of any possessory Security or other claim or otherwise taken from the possession of the Owner for that Aircraft and/or the Owner Trustee for that Aircraft (as applicable), the Lessor for that Aircraft and/or the Operator for that Aircraft and, if any such arrest, confiscation, seizure, taking, impounding, forfeiture or detention occurs, the Borrower will give the Facility Agent written notice thereof as soon as it becomes aware of the same, and will make all reasonable efforts to procure the prompt release of that Aircraft and each of its Engines. DPP — Execution Version
Prevention of arrest. (a) All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the Ship, its Earnings or Insurances or any part thereof, or lead to any of the same being arrested, attached or levied upon pursuant to legal process or purported legal process, shall be promptly paid and discharged when due or, if later, 30 days from the date they are incurred unless the relevant Owner is disputing in good faith whether it is contractually obliged to make the payment in question.

Related to Prevention of arrest

  • Legal Prohibition On the Closing Date, there shall exist no injunction or final judgment, law or regulation prohibiting the consummation of the transactions contemplated by this Agreement.

Time is Money Join Law Insider Premium to draft better contracts faster.