Charterparty Assignment definition
Charterparty Assignment means, in relation to a Ship, the deed of assignment of any Charterparty in favour of the Security Trustee, in such form as the Lenders may approve or require;
Charterparty Assignment means, in relation to an Assignable Charter, an assignment of the rights of the Borrower who is a party to that Assignable Charter under that Assignable Charter and any guarantee of such Assignable Charter executed or to be executed by that Borrower in favour of the Security Trustee in the Agreed Form and, in the plural, means all of them;
Charterparty Assignment means, in relation to an Assignable Charter, a first priority assignment of the rights of the relevant Borrower under that Assignable Charter and any related Charter Guarantee executed or to be executed by that ▇▇▇▇▇▇▇▇ in favour of the Security Agent in agreed form.
Examples of Charterparty Assignment in a sentence
If a Borrower enters into any Charterparty, that Borrower shall, at the request of the Agent, execute in favour of the Security Trustee a Charterparty Assignment, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Part A and paragraph 1 of Part B of Schedule 3 (Condition Precedent Documents) hereof as the Agent may require.
More Definitions of Charterparty Assignment
Charterparty Assignment means, in relation to:
Charterparty Assignment means an assignment of a Charter executed or to be executed by the Borrower in favour of the Lender in the Agreed Form;
Charterparty Assignment means, in relation to an Assignable Charter, an assignment of the rights of the Owner which is a party to that Assignable Charter and any guarantee of such Assignable Charter executed or, as the context may require, to be executed by that Owner in favour of the Security Trustee in the Agreed Form and, in the plural, means all of them;
Charterparty Assignment means, in relation to a Vessel, an assignment of the rights of its Owner under any Assignable Charterparty and any guarantee of such Assignable Charterparty executed or to be executed by its Owner in favour of the Lender and the acknowledgement of notice of the assignment in respect of such Assignable Charterparty to be obtained (on best effort basis by its Owner) in form and substance as the Lender may approve or require, as the same may from time to time be amended and/or supplemented and, “Charterparty Assignments” means all of them;
Charterparty Assignment in relation to the Vessel means the assignment of the any Charterparty executed or (as the context may require) to be executed by the Owner in favour of the Bank and an acknowledgement of notice of the assignment in respect of such Charterparty to be given by the relevant Charterer, in form satisfactory to the Bank;
Charterparty Assignment means in relation to a Ship, the assignment creating security over the rights of the relevant Borrower under any Assignable Charter and any Charter Guarantee relative thereto in agreed form which shall be notified to, and acknowledged by, the relevant charterer.
Charterparty Assignment means, in respect of a Charter and any guarantee of that Charter (to the extent that such guarantee is available), an assignment of the rights and interests of the Owner which is party to that Charter in respect of that Charter and any related guarantee (to the extent that such guarantee is available) to be executed by that Owner in favour of the Security Trustee in the Agreed Form;