Common use of Charter Assignment Clause in Contracts

Charter Assignment. Provided that all approvals necessary under Clause ‎23.15 (Restrictions on chartering, appointment of managers etc.) have been previously obtained, each Borrower shall: (a) provide promptly to the Facility Agent a true and complete copy of any Charter exceeding 6 months (including all amendments) and all other documents related thereto for a term which exceeds 13 months (including any optional extensions and any redelivery allowance); and (b) in respect of any Charter for a term which exceeds 13 months (including any optional extensions and any redelivery allowance), execute and deliver to the Facility Agent a Charter Assignment together with each of the documents required to be delivered pursuant to such Charter Assignment (each in the agreed form).

Charter Assignment. Provided that all approvals necessary under Clause ‎23.15 24.15 (Restrictions on chartering, appointment of managers etc.) have been previously obtained, each Borrower shall: (a) provide promptly to the Facility Agent a true and complete copy of any Charter exceeding 6 months (including all amendments) and all other documents related thereto for a term which exceeds 13 months (including any optional extensions and any redelivery allowance); and (b) in respect of any Charter for a term which exceeds 13 months (including any optional extensions and any redelivery allowance) (other than in the case of an Approved Charter), execute and deliver to the Facility Agent a Charter Assignment together with each of the documents required to be delivered pursuant to such Charter Assignment (each in the agreed form).