Common use of Conditions of Assignment Clause in Contracts

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship Mortgage covering the Vessel given by the Assignor to the Assignee, as collateral agent and mortgagee, the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the a Ship Mortgage covering the such Vessel given by the such Assignor to the Assignee, as collateral agent and mortgagee, the such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the a Ship Mortgage covering the such Vessel given by the such Assignor to the Assignee, as collateral agent and mortgagee, the such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Third Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship a Mortgage covering the such Vessel given by the such Assignor to the Assignee, as collateral agent and mortgagee, the such Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship Mortgage covering the Vessel given by the Assignor to the Assignee, as collateral agent and mortgagee, the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Third Assignment and this Assignment) in all respects as if this Assignment had not been made.

Conditions of Assignment. Unless and until an Event of Default shall have occurred and be continuing under the Ship Mortgage Mortgage, covering the Vessel given by the Assignor to the Assignee, as collateral agent and mortgagee, the Assignor shall be entitled to exercise all its rights under the Insurances (subject to the provisions of the First Assignment, the Second Assignment and this Assignment) in all respects as if this Assignment had not been made.