Common use of Chartering Clause in Contracts

Chartering. The Borrowers shall not, without the prior written consent of the Agent (acting on the instructions of all Lenders): (a) let any of the Vessels on bareboat charter for any period; (b) enter into any other agreement related to the chartering and operation of a Vessel exceeding twelve (12) months or any pooling arrangements related to the Earnings of the Vessels; (c) terminate, cancel, amend or supplement any Charterparty with a duration exceeding twelve (12) months, nor assign such Charterparty or other contract of employment to any other person.

Chartering. The Borrowers shall not, without the prior written consent of the Agent (acting on the instructions of all Lenders):Lender: (a) let any of the Vessels Vessel on bareboat charter for any periodperiod (except on the Bareboat Charters and the Sub-Bareboat Charters); (b) enter into any other agreement related to the chartering and operation of a Vessel exceeding twelve (12) months months; or any pooling arrangements related to the Earnings of the Vessels; (c) terminate, cancel, amend or supplement any Charterparty with a duration exceeding twelve (12) months, nor assign such Charterparty or other contract of employment to any other person.

Chartering. The Borrowers Borrower shall not, without the prior written consent of the Agent (acting on the instructions of all Lenders):Agent: (a) let any of the Vessels Vessel on bareboat charter for any period; (b) enter into any other agreement related to the chartering and operation of a the Vessel exceeding twelve (12) months Months or any pooling arrangements related to the Earnings of the Vessels;Vessel; and (c) terminate, cancel, amend or supplement any Charterparty with a duration exceeding twelve (12) months, nor assign such Charterparty or other contract of employment to any other person.

Chartering. The Borrowers shall not, without the prior written consent of the Agent (acting on the instructions of all Lenders): (a) let any of the Vessels Vessel on bareboat charter for any period; (b) enter into any other agreement related to the chartering and operation of a Vessel exceeding twelve twenty four (1224) months or any pooling arrangements related to the Earnings of the Vessels;months; or (c) terminate, cancel, amend or supplement any Charterparty with a duration exceeding twelve twenty four (1224) months, nor assign such Charterparty or other contract of employment to any other person.

Chartering. The Borrowers Borrower shall not, without the prior written consent of the Agent (acting on the instructions of all Lenders):Agent: (a) let any of the Vessels Vessel on bareboat charter for any period; (b) enter into any other agreement related to the chartering and operation of a the Vessel exceeding twelve (12) months Months or any pooling arrangements related to the Earnings of the Vessels; Vessel; and (c) terminate, cancel, amend or supplement any Charterparty with a duration exceeding twelve (12) months, nor assign such Charterparty or other contract of employment to any other person.

Chartering. The Borrowers Borrower shall not, without the prior written consent of the Agent (acting on the instructions of all Lenders): (a) let any of the Vessels Vessel on bareboat charter for any period; (b) enter into any other agreement related to the chartering and operation of a the Vessel exceeding twelve twenty four (1224) months or any pooling arrangements related to the Earnings of the Vessels;months; or (c) terminate, cancel, amend or supplement any Charterparty with a duration exceeding twelve twenty four (1224) months, nor assign such Charterparty or other contract of employment to any other person.