Remedy of defaults. Without prejudice to the generality of the provisions of clause 9.1:
Remedy of defaults. Without prejudice to the generality of the provisions of clause 4.1, if the Owner fails to comply with the provisions of clause 6.1.1(a) of the Deed of Covenant, the Mortgagee shall become forthwith entitled (but not bound) to effect and thereafter to maintain all such insurances upon the Ship as in its discretion it may think fit in order to procure the compliance with such provisions or alternatively, to require the Ship (at the Owner’s risk) to remain in, or to proceed to and remain in, a port designated by the Mortgagee until such provisions are fully complied with and the Expenses attributable to the exercise by the Mortgagee of any such powers shall be payable by the Owner on demand.
Remedy of defaults. Without prejudice to the generality of the provisions of clause 9.1 (but subject to the First Mortgage Documents):
Remedy of defaults. Without prejudice to the generality of the provisions of clause 4.1, if the Owner fails to comply with the provisions of clause 5 of the Deed of Covenants, the Collateral Agent shall become forthwith entitled (but not bound) to effect and thereafter to maintain all such insurances upon the Ship as in its discretion it may think fit in order to procure the compliance with such provisions or alternatively, to require the Ship (at the Owner’s risk) to remain in, or to proceed to and remain in, a port designated by the Collateral Agent until such provisions are fully complied with and the Expenses attributable to the exercise by the Collateral Agent of any such powers shall be payable by the Owner on demand.
Remedy of defaults. Without prejudice to the generality of the provisions of clause 4.1 (but subject to the First Security Documents and subject to the Second Security Documents), if the Owner fails to comply with the provisions of clause 5.1.1 of the Mortgage, the Mortgagee shall become forthwith entitled (but not bound) to effect and thereafter to maintain all such insurances upon the Ship as in its discretion it may think fit in order to procure the compliance with such provisions or alternatively, to require the Ship (at the Owner’s risk) to remain in, or to proceed to and remain in, a port designated by the Mortgagee until such provisions are fully complied with and the Expenses attributable to the exercise by the Mortgagee of any such powers shall be payable by the Owner to the Mortgagee on demand.
Remedy of defaults. Without prejudice to the provisions of clause 5.1 or the generality of the powers and remedies vested in the Security Agent by virtue of the assignment herein contained, upon the happening of any Event of Default (whether or not the Agent shall have given any notice in accordance with the provisions of clause 10.2 of the Loan Agreement) the Security Agent shall become forthwith entitled, as and when it may see fit, to exercise in relation to the Assigned Property or any part thereof all or any of the rights, powers and remedies possessed by it as assignee of the Assigned Property (whether at law, by virtue of this Deed or otherwise) and in particular (without limiting the generality of the foregoing):
Remedy of defaults. Without prejudice to the provisions of clause 5.1 or the generality of the powers and remedies vested in the Bank by virtue of the assignment herein contained, upon the happening of any Event of Default (whether or not the Bank shall have given any notice in accordance with the provisions of clause 10.2 of the Agreement), the Bank shall become forthwith entitled, as and when it may see fit, to exercise in relation to the Assigned Property or any part thereof all or any of the rights, powers and remedies possessed by it as assignee of the Assigned Property (whether at law, by virtue of this Deed or otherwise) and in particular (without limiting the generality of the foregoing):
Remedy of defaults. The Borrower will, promptly after request by the Facility Agent, provide the Facility Agent with evidence satisfactory to the Lenders (acting reasonably) of the remedy of any Default or Event of Default which has occurred and been remedied.
Remedy of defaults. Without prejudice to the generality of the provisions of clause 4.1, if the Owner fails to comply with the provisions of clause 6.1.1 of the Mortgage, the Mortgagees shall become forthwith entitled (but not bound) to effect and thereafter to maintain all such insurances upon the Ship as the Agent (acting on the instructions of the Majority Banks) may in its sole discretion it may think fit in order to procure the compliance with such provisions or alternatively, to require the Ship (at the Owner's risk) to remain in, or to proceed to and remain in, a port designated by the Agent (acting on the instructions of the Majority Banks) until such provisions are fully complied with and the Expenses attributable to the exercise by the Mortgagees or any of them of any such powers shall be payable by the Owner on demand.
Remedy of defaults. Each and every default, violation, or breach of each agreement, instrument, or document of indebtedness listed on Schedule 2.1(n) and Schedule 2.1(m)(ii) hereof shall have been cured, remedied, or waived by the obligee of each such obligation to the full satisfaction of Purchaser, in its sole and absolute discretion.
