Common use of Sharing of Earnings Clause in Contracts

Sharing of Earnings. No Borrower shall enter into any agreement or arrangement for the sharing of any Earnings (other than (i) any profit sharing agreement with a charterer which takes effect above an agreed minimum charter hire rate payable to the relevant Borrower under a charter to which that Borrower is a party and (ii) any pool agreement, in either case, on bona fide arm’s length terms).

Sharing of Earnings. No The Borrower shall procure that no Owner shall enter into any agreement or arrangement for the sharing of any Earnings (other than (i) any profit sharing agreement with a charterer which takes effect above an agreed minimum charter hire rate payable to the relevant Borrower Owner under a charter to which that Borrower Owner is a party and (ii) any pool agreement, in either case, on bona fide arm’s length terms).

Sharing of Earnings. No The Borrower shall procure that no Owner shall enter into any agreement or arrangement for the sharing of any Earnings (other than (i) any profit sharing agreement with a charterer which takes effect above an agreed minimum charter hire rate payable to the relevant Borrower Owner under a charter to which that Borrower is a party and (ii) any pool agreement, in either case, on bona fide arm’s 's length terms).

Sharing of Earnings. No The Borrower shall procure that no Owner shall enter into any agreement or arrangement for the sharing of any Earnings (other than (i) any profit sharing agreement with a charterer which takes effect above an agreed minimum charter hire rate payable to the relevant Borrower Owner under a charter to which that Borrower is a party and (ii) any pool agreement, in either case, on bona fide arm’s length terms).