Common use of Charterparty Assignment Clause in Contracts

Charterparty Assignment. If a Borrower enters into any Charter, that Borrower shall at the request of the Agent, execute in favour of the Security Trustee a Charterparty Assignment and shall procure to use its best endeavors: (i) serve notice of the Charterparty Assignment on the charterer and use its best endeavours to procure that the charterer acknowledges such notice in such form as the Agent may approve or require; and (ii) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 3, Part A as the Agent may require.

Charterparty Assignment. If a Borrower enters into any CharterCharter (subject to obtaining the consent of the Agent in accordance with Clause 14.13(b)), that the Borrower shall at the request of the Agent, execute in favour of the Security Trustee a Charterparty Assignment and shall procure to use its best endeavorsshall: (ia) serve notice of the Charterparty Assignment on the charterer and use its best endeavours to procure that the charterer acknowledges such notice in such form as the Agent may approve or require; and (iib) deliver to the Agent Lender such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 3, Part A as the Agent may require.

Charterparty Assignment. If a the Borrower enters into any CharterCharterparty, that the Borrower shall shall, at the request of the Agent, execute in favour of the Security Trustee a Charterparty Assignment in respect of that Charterparty, and shall procure to use its best endeavorsshall: (ia) serve notice of the Charterparty Assignment on the relevant charterer and use its best endeavours to procure that the charterer acknowledges such notice in such form as the Agent may approve or require; and (iib) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 4, 5 and 5 6 of Part A of Schedule 3, Part A 3 as the Agent may require.

Charterparty Assignment. If a Borrower enters into any CharterCharterparty (other than in the case of an Approved Charterparty the assignment of which is contemplated pursuant to the Charterparty Assignment relative thereto to be delivered pursuant to paragraph 1 of Part B, Schedule 3), that Borrower shall at the request of the Agent, execute in favour of the Security Trustee a Charterparty Assignment and shall procure to use its best endeavors: (i) serve notice of the Charterparty Assignment on the charterer and use its best endeavours to procure that the charterer acknowledges such notice in such form as the Agent may approve or require; and (ii) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 4, 5, 6 and 5 10 of Schedule 3, Part A as the Agent may require.