Common use of No Charter Clause in Contracts

No Charter. save for any Assignable Charterparty and unless otherwise permitted in writing by the Lender, the Vessel will not on or before the Delivery Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Delivery Date would have required the consent of the Lender under any of the Finance Documents and there will not on or before the Delivery Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;

No Charter. save for any Assignable Charterparty and unless otherwise permitted in writing by the Lender, the Vessel is not and will not on or before the Delivery Date be subject to any charter or contract nor to any agreement to enter into any charter or contract which, if entered into after the Delivery Date would have required the consent of the Lender under any of the Finance Documents and there will not on or before the Delivery Date be any agreement or arrangement whereby the Earnings of the Vessel may be shared with any other person;