Common use of Removal of parts Clause in Contracts

Removal of parts. Each Guarantor shall in relation to each Ship owned by it not remove any material part of that Ship, or any item of equipment installed on, that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on that Ship the property of that Guarantor and subject to the security constituted by the Mortgage of that Ship Provided that that Guarantor may install equipment owned by a third party if the equipment can be removed without any risk of damage to that Ship.

Removal of parts. Each Guarantor The Borrower shall in relation to procure that each Ship owned by it Owner shall not remove any material part of that Shipthe Ship owned by it, or any item of equipment installed onon that Ship, that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on that Ship the property of that Guarantor Owner and subject to the security constituted by the relevant Mortgage of that Ship Provided that that Guarantor an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to that Shipthe Ship owned by it.

Removal of parts. Each No Guarantor shall in relation to each Ship owned by it not remove any material part of that Shipthe Ship owned by it, or any item of equipment installed on, that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour favor of any person other than the Security Trustee and becomes on installation on that Ship Ship, the property of that Guarantor and subject to the security constituted by the Mortgage of Mortgage, provided that Ship Provided that that a Guarantor may install and remove equipment owned by a third party if the equipment can be removed without any risk of damage to that Shipthe Ship owned by it.

Removal of parts. Each No Guarantor shall in relation to each Ship owned by it not remove any material part of that Shipthe Ship owned by it, or any item of equipment installed on, that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right (other than Permitted Security) in favour favor of any person other than the Security Trustee and becomes on installation on that Ship the property of that the Guarantor concerned and subject to the security constituted by the Mortgage of relevant Mortgage; provided that Ship Provided that that a Guarantor may install equipment owned by a third party if the equipment can be removed without any risk of damage to that Shipthe Ship owned by it.

Removal of parts. Each No Guarantor shall in relation to each Ship owned by it not remove any material part of that Shipthe Ship owned by it, or any item of equipment installed on, that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour favor of any person other than the Security Trustee and becomes on installation on that Ship Ship, the property of that Guarantor and subject to the security constituted by the Mortgage of a Mortgage, provided that Ship Provided that that a Guarantor may install and remove equipment owned by a third party if the equipment can be removed without any risk of damage to that Shipthe Ship owned by it.

Removal of parts. Each The Corporate Guarantor shall in relation to each Ship owned by it not remove any material part of that the Ship, or any material item of equipment installed on, that the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lenders and becomes on installation on that the Ship the property of that the Corporate Guarantor and subject to the security constituted by the relevant Mortgage of that Ship Provided that that the Corporate Guarantor may install equipment owned by a third party if the equipment can be removed without any risk of damage to that the Ship. This Clause 14.5 shall not apply to any part or item which has been temporarily removed for the purpose of repairs, maintenance, reconditioning or modification.

Removal of parts. Each The Borrower shall procure that no Guarantor shall in relation to each Ship owned by it not remove any material part of that Shipthe Ship owned by it, or any item of equipment installed on, that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on that Ship the property of that Guarantor and subject to the security constituted by the Mortgage of that Ship Provided that that an Guarantor may install equipment owned by a third party if the equipment can be removed without any risk of damage to that Shipthe Ship owned by it.

Removal of parts. Each The Corporate Guarantor shall in relation to each Ship owned by it not remove any material part of that the Ship, or any item of equipment installed on, that the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lenders and becomes on installation on that the Ship the property of that the Corporate Guarantor and subject to the security constituted by the relevant Mortgage of that Ship Provided that that the Corporate Guarantor may install equipment owned by a third party if the equipment can be removed without any risk of damage to that the Ship.