Acknowledgement by Charterer Clause Samples

Acknowledgement by Charterer. By its execution of this Deed, the Charterer has received written notice of, and consents to, the assignment to the Security Agent of the Charter Earnings and the other Charter Rights.

Acknowledgement by Charterer. By its execution of this Deed, each of the Charterer and the Charter Guarantor has received written notice of, and consents to, the assignment to the Mortgagee of the Charter, the Charter Earnings, the other Charter Rights and the Charter Guarantee. 5 Continuing security and other matters 5.1 Continuing security The security created by this Deed shall: 5.1.1 be held by the Mortgagee (as security agent and trustee for and on behalf of the Secured Creditors) as a continuing security for the payment of the Outstanding Indebtedness (which expression, for the avoidance of doubt, includes the Master Swap Agreement Liabilities) and the performance and observance of and compliance with all of the covenants, terms and conditions contained in the Security Documents, express or implied, and that the security so created shall not be satisfied by any intermediate payment or satisfaction of any part of the amount hereby and thereby secured (or by any settlement of accounts between the Owner or any other person who may be liable to the Mortgagee and/or the Secured Creditors in respect of the Outstanding Indebtedness (which expression, for the avoidance of doubt, includes the Master Swap Agreement Liabilities) or any part thereof and the Mortgagee and/or the Secured Creditors) and shall remain in full force and effect until the Outstanding Indebtedness (which expression, for the avoidance of doubt, includes the Master Swap Agreement Liabilities) has been discharged in full (which expression shall not embrace payment or a dividend in liquidation or bankruptcy of less than 100%); 5.1.2 be in addition to, and shall not in any way prejudice or affect, and may be enforced by the Mortgagee without prior recourse to, the security created by any other of the Security Documents or by any present or future Collateral Instruments, right or remedy held by or available to the Mortgagee and/or the Secured Creditors or any of them any right or remedy of the Mortgagee and/or the Secured Creditors or any of them or any right or remedy of the Mortgagee thereunder; 5.1.3 not be in any way prejudiced or affected by the existence of any of the other Security Documents or any such Collateral Instrument, rights or remedies or by the same becoming wholly or in part void, voidable or unenforceable on any ground whatsoever or by the Mortgagee and/or the Secured Creditors or any of them dealing with, exchanging, varying or failing to perfect or enforce any of the same, or giving time for payment or...