Common use of Repairers’ liens Clause in Contracts

Repairers’ liens. procure that the Owner does not without the prior written consent of the Security Trustee (as security agent and trustee on behalf of the Combined Creditors) put the Ship into the possession of any person for the purpose of work being done upon her in an amount exceeding or likely to exceed the Casualty Amount unless such person shall first have given to the Security Trustee (as security agent and trustee on behalf of the Combined Creditors) in terms satisfactory to it, a written undertaking not to exercise any lien on the Ship or her Earnings for the cost of such work or otherwise;

Repairers’ liens. procure that the each Owner does not without the prior written consent of the Security Trustee (as security agent and trustee on behalf of the Combined Creditors) put the its Ship into the possession of any person for the purpose of work being done upon her in an amount exceeding or likely to exceed the relevant Casualty Amount unless such person shall first have given to the Security Trustee (as security agent and trustee on behalf of the Combined Creditors) in terms satisfactory to it, a written undertaking not to exercise any lien on the such Ship or her Earnings for the cost of such work or otherwise;