Common use of Breach of Charter Clause in Contracts

Breach of Charter. 11.15 There is a breach by any Owner or any Charterer of a Charter unless, within sixty (60) days of the first occurrence of such breach either (a) such breach is remedied, to the satisfaction of the Facility Agent, or (b) a replacement charterer or charterers acceptable to the Lenders enters into a time charter on substantially the same terms as the relevant Charter or on such other terms as may be acceptable to the Lenders with the relevant Owner. Manager

Breach of Charter. 11.15 There is a breach by any Owner or any Charterer of a Charter unless, within sixty (60) days of the first occurrence of such breach either (a) such breach is remedied, to the satisfaction of the Facility Agent, Agent or (b) a replacement charterer or charterers acceptable to the Lenders enters into a time charter on substantially the same terms as the relevant Charter or on such other terms as may be acceptable to the Lenders with the relevant Owner. Manager

Breach of Charter. 11.15 There is a breach by any the Owner or any the Charterer of a the Charter unless, within sixty (60) days of the first occurrence of such breach either (a) such breach is remedied, to the satisfaction of the Facility Agent, or (b) a replacement charterer or charterers acceptable to the Lenders enters into a time charter on substantially the same terms as the relevant Charter or on such other terms as may be acceptable to the Lenders with the relevant Owner. Manager

Breach of Charter. 11.15 There is a breach by any the Owner or any the Charterer of a the Charter unless, within sixty (60) days of the first occurrence of such breach either (a) such breach is remedied, remedied to the satisfaction of the Facility Agent, or (b) a replacement charterer or charterers acceptable to the Lenders enters into a time charter with the Owner on substantially the same terms as the relevant Charter or on such other terms as may be acceptable to the Lenders with the relevant OwnerLenders. Manager