Chartering. save for any Time Charter, not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship: (a) on demise charter for any period; (b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might exceed twelve (12) months' duration; (c) on terms whereby more than two (2) months' hire (or the equivalent) is payable in advance; or (d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' length terms;
Appears in 4 contracts
Samples: Quadripartite Deed (Top Tankers Inc.), Quadripartite Deed (Top Tankers Inc.), Quadripartite Deed (Top Tankers Inc.)
Chartering. (save for any Time Charter, as disclosed to the Mortgagee) not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship:
(a) on demise charter for any period;
(b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might may exceed twelve (12) months' ’ duration;
(c) on terms whereby more than two (2) months' ’ hire (or the equivalent) is payable in advance; or
(d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' ’ length terms;
Appears in 2 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)
Chartering. save for any Time Charter, not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship:
(a) on demise charter for any period;
(b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might may exceed twelve thirteen (1213) months' ’ duration;
(c) on terms whereby more than two (2) months' ’ hire (or the equivalent) is payable in advance; orand
(d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' ’ length terms;
Appears in 2 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Chartering. save for any Time except pursuant to the Charter, it will not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship:
(a) on demise charter for any period;
(b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might may exceed twelve (12) months' duration;
(c) on terms whereby more than two (2) months' hire (or the equivalent) is payable in advance; or
(d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' arm's length terms;
Appears in 1 contract
Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Chartering. save for any Time under the Initial Charter, not without the prior written consent of the Mortgagee (which the Mortgagee shall have full liberty to withhold) and, if such consent is given, only subject to such conditions as the Mortgagee may impose, to let the Ship:
(a) on demise charter for any period;
(b) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained might exceed twelve (12) months' duration;
(c) on terms whereby more than two (2) months' hire (or the equivalent) is payable in advance; or
(d) below the market rate prevailing at the time when the Ship is fixed or other than on arms' length terms;
Appears in 1 contract
