Common use of Securitisation Clause in Contracts

Securitisation. A Lender may include all or any part of the Loan in a securitisation or similar transaction after consultation with, and after giving 45-day notice to, the Borrower but without the consent of the Borrower or any Security Party or any charterer of a Vessel. The Borrower will assist the Lenders as necessary to achieve a successful securitisation (or similar transaction) Provided that the Borrower shall not be required to bear any third party costs related to any such securitisation and need only provide such information which any third parties may reasonably request. Provided that a Lender may only give, divulge and reveal such information as the Borrower would be authorised to disclose in accordance with the rules and regulations of the public stock exchange in which it is listed and the recipient of such information shall execute a confidentiality agreement in relation to such information.

Securitisation. A Lender may include all or any part of the Loan in a securitisation or similar transaction after consultation with, and after giving 45-45- day notice to, the Borrower but without the consent of the Borrower or any Security Party or any charterer of a Vessel. The Borrower will assist the Lenders as necessary to achieve a successful securitisation (or similar transaction) Provided provided that the Borrower shall not be required to bear any third party costs related to any such securitisation and need only provide such information which any third parties may reasonably request. Provided that a Lender may only give, divulge and reveal such information as the Borrower would be authorised to disclose in accordance with the rules and regulations of the public stock exchange in which it is listed and the recipient of such information shall execute a confidentiality agreement in relation to such information.

Securitisation. A Lender may include all or any part of the Loan in a securitisation or similar transaction after consultation with, and after giving 45-day notice to, the Borrower but without the consent of the Borrower or any Security Party or any charterer of a Vessel. The Borrower will assist the Lenders as necessary to achieve a successful securitisation (or similar transaction) Provided provided that the Borrower shall not be required to bear any third party costs related to any such securitisation and need only provide such information which any third parties may reasonably request. Provided that a Lender may only give, divulge and reveal such information as the Borrower would be authorised to disclose in accordance with the rules and regulations of the public stock exchange in which it is listed and the recipient of such information shall execute a confidentiality agreement in relation to such information.