Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship that Owner shall, at the request of the Agent, execute, or, as the case may be, procure the execution in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 4, Part A as the Agent may require.
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Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship that Owner Ship, the Borrower shall, at the request of the Agent, execute, or, as procure that the case may be, procure the execution Owner executes in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 3,4 and 5 of Schedule 4, Part A as the Agent may require.
Appears in 2 contracts
Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship that Owner Ship, the Borrower shall, at the request of the Agent, execute, or, as the case may be, procure the execution that that Owner executes in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 4, Part A as the Agent may require.
Appears in 2 contracts
Samples: Loan Facility Agreement (Star Bulk Carriers Corp.), Loan Facility Agreement (Star Bulk Carriers Corp.)
Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship Ship, the Borrower shall procure that the relevant Owner shall, at the request of the Agent, execute, or, as the case may be, procure the execution shall execute in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 4, 5 and 5 12 of Schedule 4, Part A as the Agent may require.
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Charterparty Assignment. If any Once the Owner enters into the second Initial Charterparty and if the Owner enters into any Future Charterparty in respect of its the Ship the Borrower will procure that the Owner shall, at the request of the Agent, execute, execute in favour of the Security Trustee a Charterparty Assignment in respect of that Initial Charterparty or, as the case may be, procure the execution in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 43, Part A as the Agent may require.
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Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship Ship, the Borrower shall procure that the relevant Owner shall, at the request of the Agent, execute, or, as the case may be, procure the execution shall execute in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 4, Part A as the Agent may require.
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