Common use of Commitment of Owner Participant Clause in Contracts

Commitment of Owner Participant. Subject to the terms and ------------------------------- conditions of this Agreement, the Owner Participant agrees to participate in the payment of Owner's Cost by making an equity investment (the "Investment") in the ---------- beneficial ownership of the Vessel Interest on or before the Closing Date in the amount shown on Schedule 2, and shall take and cause the Owner Trust to take, on the Closing Date, the respective actions specified in Sections 2.8 and 2.9 to be taken by the Owner Participant and the Owner Trust.

Commitment of Owner Participant. Subject to the terms and ------------------------------- conditions of this Agreement, the Owner Participant agrees to participate on the Closing Date in the payment of OwnerLessor's Cost by making an equity investment (the "Investment") in the ---------- beneficial ownership of the Vessel Undivided Interest on or before in an amount equal to the Closing Date in product of (i) Lessor's Cost and (ii) the amount shown on Schedule 2Equity Percentage, and shall take and cause the Owner Trust to takeshall, on the Closing Date, take and cause the Grantor Trustee to take the respective actions specified in Sections 2.7 and 2.8 and 2.9 to be taken by the Owner Participant and the Owner TrustGrantor Trustee.

Commitment of Owner Participant. Subject to the terms and ------------------------------- conditions of this Participation Agreement, the Owner Participant agrees to participate on the Closing Date in the payment of OwnerLessor's Cost by making an equity investment (the "Investment") in the ---------- beneficial ownership of the Vessel Interest on or before Facility ---------- Assets in an amount equal to the Closing Date in product of (i) Lessor's Cost and (ii) the amount shown on Schedule 2- -- Equity Percentage, and shall take and cause the Owner Trust to takeshall, on the Closing Date, take and cause the Owner Trustee to take the respective actions specified in Sections 2.7 and 2.8 and 2.9 to be taken by the Owner Participant and the Owner TrustTrustee.