Common use of Time Charter Assignment Clause in Contracts

Time Charter Assignment. If either Borrower enters into any bareboat charter or any Approved Charter in respect of its Ship, such Borrower shall execute in favour of the Lender a Charterparty Assignment in respect of such bareboat charter or Approved Charter and deliver to the Lender any documents in relation thereto which the Lender may require.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

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Time Charter Assignment. If either the Borrower or an Owner enters into any bareboat charter or any Approved Charter (other than the Charter for as long as such charter is not assignable) in respect of its Ship, such the Borrower shall or, as the case may be, the Borrower shall procure that such Owner shall, at the request of the Lender, execute in favour of the Lender a Charterparty Charter Assignment in respect of such bareboat charter or Approved Charter and deliver to the Lender any documents in relation thereto which the Lender may require.

Appears in 2 contracts

Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Time Charter Assignment. If either Borrower enters into any bareboat charter (other than the Bareboat Charter) or any Approved Charter in respect of its Ship, such Borrower shall shall, at the request of the Lender, execute in favour of the Lender a Charterparty Assignment in respect of such bareboat charter or Approved Charter and deliver to the Lender any documents in relation thereto which the Lender may require.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Time Charter Assignment. If either any Borrower enters into any bareboat charter or any Approved Charter in respect of its Ship, such Borrower shall shall, at the request of the Lender, execute in favour of the Lender a Charterparty Assignment in respect of such bareboat charter or Approved Charter and deliver to the Lender any documents in relation thereto which the Lender may require.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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Time Charter Assignment. If either any Borrower or, as the case may be, an Owner enters into any bareboat charter or any Approved Charter in respect of its Ship, such Borrower shall or, as the case may be shall procure that the Owner shall, at the request of the Lender, execute in favour of the Lender a Charterparty Charter Assignment in respect of such bareboat charter or Approved Charter and deliver to the Lender any documents in relation thereto which the Lender may require.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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