Common use of Charterparty Assignment Clause in Contracts

Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship, the Borrower shall, at the request of the Agent, procure that the Owner executes in favour of the Security Trustee a Charterparty Assignment in respect of that 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 Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

AutoNDA by SimpleDocs

Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship, the Borrower Ship that Owner shall, at the request of the Agent, execute, or, as the case may be, procure that the Owner executes 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 3, 4 and 5 of Schedule 4, Part A as the Agent may require.

Appears in 2 contracts

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, the Borrower shall, at the request of the Agent, procure that the that Owner executes in favour of the Security Trustee a Charterparty Assignment in respect of that 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 Once the Owner enters into the second Initial Charterparty and if the Owner enters into any Future Charterparty in respect of its Ship, the Ship the Borrower will procure that the Owner shall, at the request of the Agent, procure that the Owner executes execute in favour of the Security Trustee a Charterparty Assignment in respect of that Initial Charterparty or, as the case may be, 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 43, Part A as the Agent may require.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

AutoNDA by SimpleDocs

Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship, the Borrower shall, at the request of the Agent, shall procure that the relevant Owner executes shall execute in favour of the Security Trustee a Charterparty Assignment in respect of that 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 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Charterparty Assignment. If any Owner enters into any Future Charterparty in respect of its Ship, the Borrower shall, at the request of the Agent, shall procure that the relevant Owner executes shall execute in favour of the Security Trustee a Charterparty Assignment in respect of that Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3,4 3, 4, 5 and 5 12 of Schedule 4, Part A as the Agent may require.

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.