Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Appears in 64 contracts
Samples: Management Agreement, Management Agreement (Seanergy Maritime Holdings Corp.), Management Agreement (United Maritime Corp)
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitionedrequisitioned or has been declared missing or, if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end.
Appears in 15 contracts
Samples: Master Agreement, Maintenance Agreement, maritimecyprus.com
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or its being bareboat chartered, if applicable and unless otherwise agreed, when the bareboat charter comes to an end or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. Notwithstanding such deemed termination, fees shall be paid in accordance with the provisions of Clause 8.6.
Appears in 4 contracts
Samples: Management Agreement (United Maritime Corp), Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel to a party that is not an Affiliate of the Owners or if the Vessel becomes a total loss or is declared Declared as a constructive or compromised or arranged total loss or is requisitioned.
Appears in 3 contracts
Samples: Shareholders Agreement (Exmar Energy Partners LP), Shareholders Agreement (Exmar Energy Partners LP), Shareholders Agreement (Exmar Energy Partners LP)
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel (other than sale to an affiliated company with, or to a company belonging to the same group as the Owners) or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Appears in 2 contracts
Samples: Shipmanagement Agreement (GoodBulk Ltd.), Shipmanagement Agreement (GoodBulk Ltd.)
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or its being bareboat chattered, if applicable and unless otherwise agreed, when the bareboat charter comes to an end or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. Notwithstanding such deemed termination, fees shall be paid in accordance with the provisions of Clause 8.6.
Appears in 2 contracts
Samples: Novation Agreement (Seanergy Maritime Holdings Corp.), Fourth Supplemental Agreement (Seanergy Maritime Holdings Corp.)
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. Notwithstanding such deemed termination, fees shall be paid in accordance with the provisions of Clause 7.5.
Appears in 2 contracts
Samples: Ship Management Agreement (Omega Navigation Enterprises, Inc.), Management Agreement (Eagle Bulk Shipping Inc.)
Extraordinary Termination. 474 This Agreement shall be deemed to be terminated in the case of 475 the sale of the Vessel or if the Vessel becomes a total loss or is 476 declared as a constructive or compromised or arranged total 477 loss or is requisitioned.. 478
Appears in 2 contracts
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitionedrequisitioned or has been declared missing or, if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end or she is not delivered to the Owners on the Effective Date.
Appears in 2 contracts
Samples: Master Agreement, Master Agreement (Scorpio Tankers Inc.)
Extraordinary Termination. This Agreement agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Appears in 2 contracts
Samples: Agreement, Agreement (Cavan Maritime LTD)
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the with respect to any particular Vessel that is sold or if the Vessel which becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. Any such Vessel shall be deemed striken from Exhibit A, as of the date and time of its sale or loss.
Appears in 2 contracts
Samples: Management Agreement (OSG America L.P.), Ship Management Agreement (OSG America L.P.)
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.. For the purposes of this clause:
Appears in 1 contract
Samples: Pyxis Tankers Inc.
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitionedrequisitioned or has been declaredmissing or, if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end.
Appears in 1 contract
Samples: Management Agreement
Extraordinary Termination. This Agreement agreement shall be deemed to be terminated in the case of the sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitionedrequisitioned other than for hire.
Appears in 1 contract
Samples: United Maritime Corp
Extraordinary Termination. This Agreement shall be 436 deemed to be terminated in the case of the sale of the Vessel or 437 if the Vessel becomes a total loss or is declared as a constructive 438 or compromised or arranged total loss or is requisitioned.requisitioned or has 439 Been declared missing. 440
Appears in 1 contract
Samples: www.fleetle.com
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of all the Vessel Vessels or if all the Vessel becomes Vessels suffer a total loss or is are declared as a constructive or compromised or arranged total loss or is are requisitioned. Notwithstanding such deemed termination, reimbursement of funds and indemnities shall be paid in accordance with the provisions of Clause 7 for claims relating to all time prior to valid termination.
Appears in 1 contract
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel (excluding a sale under a sale and leaseback financing) or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Appears in 1 contract
Samples: Management Agreement (Seanergy Maritime Holdings Corp.)
Extraordinary Termination. This Agreement shall be ------------------------- deemed to be terminated with respect to a Vessel, in the case of the sale of the any Vessel or if the any Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or title thereto is requisitioned.
Appears in 1 contract
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or of if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.
Appears in 1 contract
Extraordinary Termination. This Agreement shall be deemed to be terminated in the case of the sale of the Vessel or or, if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned.requisitioned or has been declared missing or, if bareboat chartered, unless otherwise agreed, when the bareboat charter comes to an end. (d) For the purpose of Sub- clause 22(c) hereof:
Appears in 1 contract