Common use of Arrest Clause in Contracts

Arrest. The Obligors shall or shall procure that the Charterers shall, promptly pay and discharge: a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against any of the Vessels, the Earnings, the Insurances or the Earnings Accounts; b) all tolls, taxes, dues, fines, penalties and other amounts charged in respect of any of the Vessels, the Earnings or the Insurances; and c) all other outgoings whatsoever in respect of any of the Vessels, the Earnings and the Insurances, and forthwith upon receiving a notice of arrest of any of the Vessels, or their detention in exercise or purported exercise of any lien or claim, the Obligors shall or shall procure that the Charterers shall procure their release by providing bail or providing the provision of security or otherwise as the circumstances may require.

Appears in 4 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Nordic American Offshore Ltd.)

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Arrest. The Obligors Borrower shall or shall procure that the Charterers shall, Owning Companies shall promptly pay and discharge: a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against any of the Vessels, the Earnings, the Insurances Earnings or the Earnings AccountsInsurances; b) all tolls, taxes, dues, fines, penalties and other amounts charged in respect of any of the Vessels, the Earnings or the Insurances; and c) all other outgoings whatsoever in respect of any of the Vessels, the Earnings and the Insurances, and forthwith upon receiving a notice of arrest of any of the Vessels, or their detention in exercise or purported exercise of any lien or claim, the Obligors Borrower shall or shall procure that the Owning Companies or the Charterers shall procure their release by providing bail or providing the provision of security or otherwise as the circumstances may require.

Appears in 1 contract

Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

Arrest. The Obligors Borrower shall or shall procure that the Charterers shall, promptly pay and discharge: a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against any of the Vessels, the Earnings, the Insurances Earnings or the Earnings Accounts;Insurances, b) all tolls, taxes, dues, fines, penalties and other amounts charged in respect of any of the Vessels, the Earnings or the Insurances; , and c) all other outgoings whatsoever in respect of any of the Vessels, the Earnings and the Insurances, and forthwith upon receiving a notice of arrest of any of the Vessels, or their detention in exercise or purported exercise of any lien or claim, the Obligors Borrower shall or shall procure that the Charterers shall procure their release by providing bail or providing the provision of security or otherwise as the circumstances may require.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

Arrest. The Obligors Borrower shall or shall procure that the Charterers shall, promptly pay and discharge: a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against any of the Vessels, the Earnings, the Insurances or the Earnings AccountsAccount; b) all tolls, taxes, dues, fines, penalties and other amounts charged in respect of any of the Vessels, the Earnings or the Insurances; and c) all other outgoings whatsoever in respect of any of the Vessels, the Earnings and the Insurances, and forthwith upon receiving a notice of arrest of any of the Vessels, or their detention in exercise or purported exercise of any lien or claim, the Obligors Borrower shall or shall procure that the Charterers shall procure their release by providing bail or providing the provision of security or otherwise as the circumstances may require.

Appears in 1 contract

Samples: Facility Agreement (NORDIC AMERICAN TANKERS LTD)

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Arrest. The Obligors Borrower shall or shall procure that the Charterers Bareboat Charterer shall, promptly pay and discharge: a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against any of the VesselsVessel and its equipment (including the FPU Equipment), the Earnings, the Insurances Earnings or the Earnings AccountsInsurances; b) all tolls, taxes, dues, fines, penalties and other amounts charged in respect of any of the VesselsVessel, the Earnings or the Insurances; and c) all other outgoings whatsoever in respect of any of the VesselsVessel, the Earnings and the Insurances, and forthwith upon receiving a notice of arrest of any of the VesselsVessel, or their its detention in exercise or purported exercise of any lien or claim, the Obligors Borrower shall or shall procure that the Charterers Bareboat Charterer shall procure their its release by providing bail or providing the provision of security or otherwise as the circumstances may require.

Appears in 1 contract

Samples: Term Loan Agreement (Helix Energy Solutions Group Inc)

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