Common use of Charters Clause in Contracts

Charters. advise the Agent promptly of any Charter of its Ship and (a) forthwith after its execution deliver a certified copy of each such Charter to the Agent, (b) forthwith following demand by the Agent execute in favour of the Security Agent a Charter Assignment and any notice of assignment required in connection therewith and promptly procure the service of any such notice of assignment on the relevant Charterer and the acknowledgement of such notice by the relevant Charterer (including, but without limitation, legal opinions regarding the valid execution and binding effect thereof) and (c) pay all legal and other costs incurred by the Agent or any other Creditor in connection with any such Charter Assignments, notice of assignment and the acknowledgement thereof.

Charters. advise the Agent promptly of any Long-Term Charter of its any Ship and (ai) forthwith after its execution deliver a certified copy of each such Long-Term Charter to the Agent, (bii) forthwith following demand by the Agent execute in favour of the Security Agent a Charter Assignment of any such Long-Term Charter relating to its Ship and any notice of assignment required in connection therewith and promptly procure the service of any such notice of assignment on the relevant Charterer and the acknowledgement of such notice by the relevant Charterer (including, but without limitation, legal opinions regarding the valid execution and binding effect thereof) and (ciii) pay on demand by the Agent all legal and other costs incurred by the Agent or any other Creditor in connection with any such Charter Assignments, notice of assignment and the acknowledgement thereof.;

Charters. advise the Agent promptly of any Charter of its any Ship and (ai) forthwith after its execution deliver a certified copy of each such Charter to the Agent, (bii) forthwith following demand by the Agent execute a Charter Assignment of any such Charter in favour of the Security Agent a Charter Assignment and any notice of assignment required in connection therewith and promptly procure the service of any such notice of assignment on the relevant Charterer and the acknowledgement of such notice by the relevant Charterer (including, but without limitation, legal opinions regarding the valid execution and binding effect thereof) and (ciii) pay on demand by the Agent all legal and other costs incurred by the Agent or any other Creditor in connection with any such Charter Assignments, notice of assignment and the acknowledgement thereof.;

Charters. advise the Agent promptly of any Charter of its either Ship and (ai) forthwith after its execution deliver a certified copy of each such Charter to the Agent, (bii) forthwith following demand by the Agent execute a Charter Assignment of any such Charter in favour of the Security Agent a Charter Assignment and any notice of assignment required in connection therewith and promptly procure the service of any such notice of assignment on the relevant Charterer and the acknowledgement of such notice by the relevant Charterer (including, but without limitation, legal opinions regarding the valid execution and binding effect thereof) and (ciii) pay all legal and other costs incurred by the Agent or any other Creditor in connection with any such Charter Assignments, notice of assignment and the acknowledgement thereof.;