Charters. without the prior written consent of the Agent (acting on the instructions of the Lenders) and then, if such consent is given, only subject to such conditions as the Agent (acting on the instructions of the Lenders) may impose, let or agree to let any Vessel: (i) on demise charter for any period; or (ii) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained may exceed twelve (12) months’ duration; or (iii) on terms whereby more than two (2) months’ hire (or the equivalent) is payable in advance; or (iv) below a fair and reasonable arms-length rate obtainable at the time when the relevant Vessel is fixed;
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP)
Charters. without the prior written consent of the Agent (acting on the instructions of the Lenders) and then, if such consent is given, only subject to such conditions as the Agent (acting on the instructions of the Lenders) may impose, let or agree to let any either Vessel:
(i) on demise charter for any period; or
(ii) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained may exceed twelve (12) months’ duration; or
(iii) on terms whereby more than two (2) months’ hire (or the equivalent) is payable in advance; or
(iv) below a fair and reasonable arms-length rate obtainable at the time when the relevant Vessel is fixed;
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP)
Charters. without the prior written consent of the Agent (acting on the instructions of the Lenders) and then, if such consent is given, only subject to such conditions as the Agent (acting on the instructions of the Lenders) may impose, let or agree to let any Vessel:
(i) on demise charter for any period; or
(ii) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained may exceed twelve thirteen (1213) months’ duration; or
(iii) on terms whereby more than two (2) months’ hire (or the equivalent) is payable in advance; or
(iv) below a fair and reasonable arms-length rate obtainable at the time when the relevant Vessel is fixed;
Appears in 1 contract
Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.)
Charters. without the prior written consent of the Agent (acting on the instructions of the Lenders) and then, if such consent is given, only subject to such conditions as the Agent (acting on the instructions of the Lenders) may impose, let or agree to let any the Vessel:
(i) on demise charter for any period; or
(ii) by any time or consecutive voyage charter for a term which exceeds or which by virtue of any optional extensions therein contained may exceed twelve (12) months’ duration; or
(iii) on terms whereby more than two (2) months’ hire (or the equivalent) is payable in advance; or
(iv) below a fair and reasonable arms-length rate obtainable at the time when the relevant Vessel is fixed;
Appears in 1 contract
Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Acquisition CORP)