Common use of Invalidity of Bareboat Charter or other Leasing Documents Clause in Contracts

Invalidity of Bareboat Charter or other Leasing Documents. In the event of: (a) the Bareboat Charter or any other Leasing Document now being or later becoming, with immediate or retrospective effect, void, illegal, unenforceable or otherwise invalid for any other reason whatsoever, whether of a similar kind or not; or (b) without limiting the scope of paragraph (a), a bankruptcy or insolvency of any Obligor, the introduction of any law or any other matter resulting in any Obligor being discharged from liability under any Leasing Document, or the Bareboat Charter ceasing to operate (for example, by interest ceasing to accrue), this Guarantee shall cover any amount which would have been or become payable under or in connection with a Leasing Document if such Leasing Document had been and remained entirely valid, legal and enforceable, or the Bareboat Charterer had not suffered bankruptcy or insolvency, or any combination of such events or circumstances, as the case may be, and the Bareboat Charterer had remained fully liable under it for obligations whether invalidly incurred or validly incurred but subsequently retrospectively invalidated; and references in this Guarantee to amounts payable by the Bareboat Charterer under or in connection with a Leasing Document shall include references to any amount which would have so been or become payable as aforesaid.

Invalidity of Bareboat Charter or other Leasing Documents. In the event of: (a) the Bareboat Charter or any other Leasing Document now being or later becoming, with immediate or retrospective effect, void, illegal, unenforceable or otherwise invalid for any other reason whatsoever, whether of a similar kind or not; or (b) without limiting the scope of paragraph (a), a bankruptcy or insolvency of any Obligorthe Relevant Person party thereto, the introduction of any law or any other matter resulting in any Obligor that Relevant Person being discharged from liability under any the Bareboat Charter or other Leasing Document, or the Bareboat Charter or other Leasing Document ceasing to operate (for example, by interest ceasing to accrue), ; this Guarantee shall cover any amount which would have been or become payable under or in connection with a the Bareboat Charter or other Leasing Document if such the Bareboat Charter or other Leasing Document had been and remained entirely valid, legal and enforceable, or the Bareboat Charterer that Party had not suffered bankruptcy or insolvencybankruptcy, or any combination of such events or circumstances, as the case may be, and the Bareboat Charterer had remained fully liable under it for obligations liabilities whether invalidly incurred or validly incurred but subsequently retrospectively invalidated; and references in this Guarantee to amounts payable by the Bareboat Charterer that Party under or in connection with a the Bareboat Charter or other Leasing Document shall include references to any amount which would have so been or become payable as aforesaid.

Invalidity of Bareboat Charter or other Leasing Documents. In the event of: (a) the Bareboat Charter or any other Leasing Document now being or later becoming, with immediate or retrospective effect, void, illegal, unenforceable or otherwise invalid for any other reason whatsoever, whether of a similar kind or not; or (b) without limiting the scope of paragraph (a), a bankruptcy or insolvency of any Obligorthe Obligor party thereto, the introduction of any law or any other matter resulting in any that Obligor being discharged from liability under any the Bareboat Charter or other Leasing Document, or the Bareboat Charter or other Leasing Document ceasing to operate (for example, by interest ceasing to accrue), this Guarantee shall cover any amount which would have been or become payable under or in connection with a the Bareboat Charter or other Leasing Document if such the Bareboat Charter or other Leasing Document had been and remained entirely valid, legal and enforceable, or the Bareboat Charterer that Obligor had not suffered bankruptcy or insolvencybankruptcy, or any combination of such events or circumstances, as the case may be, and the Bareboat Charterer had remained fully liable under it for obligations liabilities whether invalidly incurred or validly incurred but subsequently retrospectively invalidated; and references in this Guarantee to amounts payable by the Bareboat Charterer that Obligor under or in connection with a the Bareboat Charter or other Leasing Document shall include references to any amount which would have so been or become payable as aforesaid.

Invalidity of Bareboat Charter or other Leasing Documents. In the event of: : (a) the Bareboat Charter or any other Leasing Document now being or later becoming, with immediate or retrospective effect, void, illegal, unenforceable or otherwise invalid for any other reason whatsoever, whether of a similar kind or not; or or (b) without limiting the scope of paragraph (a), a bankruptcy or insolvency of any Obligorthe Relevant Person party thereto, the introduction of any law or any other matter resulting in any Obligor that Relevant Person being discharged from liability under any the Bareboat Charter or other Leasing Document, or the Bareboat Charter or other Leasing Document ceasing to operate (for example, by interest ceasing to accrue), ; this Guarantee shall cover any amount which would have been or become payable under or in connection with a the Bareboat Charter or other Leasing Document if such the Bareboat Charter or other Leasing Document had been and remained entirely valid, legal and enforceable, or the Bareboat Charterer that Relevant Party had not suffered bankruptcy or insolvencybankruptcy, or any combination of such events or circumstances, as the case may be, and the Bareboat Charterer had remained fully liable under it for obligations liabilities whether invalidly incurred or validly incurred but subsequently retrospectively invalidated; and references in this Guarantee to amounts payable by the Bareboat Charterer that Relevant Party under or in connection with a the Bareboat Charter or other Leasing Document shall include references to any amount which would have so been or become payable as aforesaid.