Common use of Conditions of Assignment Clause in Contracts

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under a Ship Mortgage covering such Vessel given by such Assignor to the Assignee, as collateral agent and mortgagee, such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under a the Ship Mortgage covering such the Vessel given by such the Assignor to the Assignee, as collateral agent and mortgagee, such the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under a Ship Mortgage covering such Vessel given by such Assignor to the Assignee, as collateral agent and mortgagee, such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Third Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under a Ship Mortgage the Mortgage, covering such the Vessel given by such the Assignor to the Assignee, as collateral agent and mortgagee, such the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under a Ship Mortgage covering such Vessel given by such Assignor to the Assignee, as collateral agent and mortgagee, such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under a the Ship Mortgage covering such the Vessel given by such the Assignor to the Assignee, as collateral agent and mortgagee, such the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Third Assignment and this Assignment) in all respects as if this Assignment had not been made.