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
Each Borrower shall ensure that subject only to the provisions of the relevant General Assignment and Charterparty Assignment, all the Earnings are paid into its Earnings Account.
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 Owner 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 means the specific assignment creating Security over any Assignable Charter in the agreed form.
Charterparty Assignment means, in relation to each Ship, the first priority assignment of the rights of the Owner of that Ship under any Charterparty to which that Ship may be subject at any time during the Security Period executed or to be executed by the relevant Owner in favour of the Lender in the Agreed Form and, in the plural, means all of them;
Charterparty Assignment in relation to a Vessel means the assignment of any Long Charterparty relevant to such Vessel, executed or (as the context may require) to be executed by the Owner in favor of the Bank, in form and substance as the Bank may approve or require as the same may from time to time be amended and/or supplemented (together the “Charterparties Assignments”);