Assignment In consideration of Sample Clauses

Assignment In consideration of. 3.1.1 the Beneficiaries consenting to the continued chartering of the Vessel to the Bareboat Charterer pursuant to the Bareboat Charter; 3.1.2 the Beneficiaries making certain facilities available to the Assignor pursuant to the Credit Agreement; 3.1.3 payment by the Assignee to the Assignor of ten Dollars (USD10); and 3.1.4 other good and valuable consideration from the Beneficiaries to the Assignor (the adequacy and receipt whereof is hereby acknowledged by the Assignor) and as security for payment of the Secured Obligations, the Assignor with full title guarantee hereby assigns to, and grants a security interest in, and agrees to assign to, and grant a security interest in, the Assignee absolutely all its right and title to and interest in the Bareboat Charter and the Earnings, TO HOLD the same absolutely unto the Assignee, subject to the First Assignment, the Second Assignment and the Third Assignment.