Common use of Waiver of Charterer’s rights Clause in Contracts

Waiver of Charterer’s rights. Until the Outstanding Indebtedness has been paid, discharged or satisfied in full (and notwithstanding payment of a dividend in any liquidation or under any compromise or arrangement) and notwithstanding that the security created by this Deed and the other Finance Documents may have been released, the Charterer agrees that, without the prior written consent of the Security Agent, it will not:

Waiver of Charterer’s rights. Until the Outstanding Indebtedness has been paid, discharged or satisfied in full (and notwithstanding payment of a dividend in any liquidation or under any compromise or arrangement) and notwithstanding that the security created by this Deed and the other Finance Security Documents may have been releasedrealised, the Charterer agrees that, without the prior written consent of the Security AgentMortgagee, it will not: