Common use of Charterparty Assignment Clause in Contracts

Charterparty Assignment. If a Borrower enters into any Approved Charter (subject to obtaining the consent of the Agent in accordance with Clause 14.13(b)), that Borrower shall at the request of the Agent execute in favour of the Security Trustee (and register, if applicable) an Approved Charterparty Assignment and shall: (a) serve notices of the Approved Charterparty Assignment on the Approved Charterer and procure that the Approved Charterer acknowledges such notice in such form as the Agent may approve or require; and (b) 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 if a Borrower enters into any Approved Charter (subject to obtaining the consent of the Agent in accordance with Clause 14.13(b)), that Borrower shall at the request of the Agent execute in favour of the Security Trustee (and register, if applicable) an Approved Charterparty Assignment and shall: (a) serve notices of the Approved Charterparty Assignment on the Approved Charterer and procure that the Approved Charterer acknowledges such notice in such form as the Agent may approve or require; and (b) 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 Approved Charter (subject to obtaining the consent of the Agent in accordance with Clause 14.13(b( on chartering, appointment of managers etc .)), that Borrower shall at the request of the Agent execute in favour of the Security Trustee (and register, if applicable) an Approved a Charterparty Assignment and shall: (a) serve notices of the Approved Charterparty Assignment on the Approved Charterer and procure that the Approved Charterer acknowledges such notice in such form as the Agent may approve or require; and (b) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 30 ( ), Part A as the Agent may require.

Charterparty Assignment. If a Borrower or, as the case may be, a Collateral Owner enters into any Approved Charter (subject to obtaining the consent of the Agent in accordance with Clause 14.13(b))Charter, that Borrower or, as the case may be, Collateral Owner shall at the request of the Agent Agent, execute in favour of the Security Trustee (and register, if applicable) an Approved a Charterparty Assignment and shallshall procure to use its best endeavors: (a) serve notices notice of the Approved Charterparty Assignment on the Approved Charterer charterer and use its best endeavours to procure that the Approved Charterer charterer acknowledges such notice in such form as the Agent may approve or require; and (b) 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.