Common use of Charter Assignment Clause in Contracts

Charter Assignment. The Borrower shall ensure that if the Owner enters into a time or bareboat charter in respect of the Ship which is of 6 or more months in duration, or is capable of exceeding 6 months in duration, the Owner shall, at the request of the Lender, execute in favour of the Lender a first priority assignment of such charter in such form and on such terms as the Lender may require, and shall deliver to the Lender such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Part A of Schedule 2 hereof.

Charter Assignment. The Borrower shall ensure that if the Owner enters into a bareboat charter or a time or bareboat charter in respect of the Ship which is of 6 12 or more months in duration, or is capable of exceeding 6 12 months in duration, the Owner shall, at the request of the LenderAgent, execute in favour of the Lender Lenders a first priority assignment of such charter in such form and on such terms as the Lender Lenders may require, and shall deliver to the Lender Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Part A of Schedule 2 3 hereof.

Charter Assignment. The If any Borrower shall ensure that if the Owner enters into a time or bareboat any charter in respect of the its Ship which is of 6 12 months or more months in duration, or is capable of exceeding 6 12 months in duration, the Owner shall, at the request of the Lender, duration or into any bareboat charter that Borrower shall execute in favour of the Lender a first priority assignment Charterparty Assignment in respect of such charter in such form and on such terms as the Lender may requirethat charter, and shall deliver to the Lender such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 5, Part A of Schedule 2 hereofas the Lender may require.

Charter Assignment. The Borrower shall ensure that if the any Owner enters into a time or bareboat charter in respect of the its Ship which is of 6 or more months in duration, or is capable of exceeding 6 months in duration, the such Owner shall, shall at the request of the LenderAgent, execute in favour of the Lender Security Trustee a first priority assignment of such charter in such form and on such terms as the Lender Lenders may require, and shall deliver to the Lender Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Part A of Schedule 2 3 hereof.