Common use of Jurisdiction of Employment Clause in Contracts

Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries or any third party charterer of a Collateral Vessel to employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors or any third party charterer of a Collateral Vessel to to, employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors or any third party charterer of a Collateral Vessel to employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage or Secondary Collateral Vessel Mortgage, as applicable, will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor Borrower will not, and will not permit any of its Subsidiaries or any third party charterer of a Collateral Vessel to employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor Borrower will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors or any third party charterer of a Collateral Vessel to employ or cause to be employed any Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors or any third party charterer of a Collateral Mortgaged Vessel to employ or cause to be employed any Collateral Mortgaged Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Mortgaged Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors or any third party charterer of a Collateral the Mortgaged Vessel to employ or cause to be employed any Collateral the Mortgaged Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral the Mortgaged Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.

Jurisdiction of Employment. The Parent Guarantor will not, and will not permit any of its Subsidiaries the Subsidiary Guarantors or any third party charterer of a Collateral Vessel to to, employ or cause to be employed any the Collateral Vessel in any country or jurisdiction in which (i) the Parent Guarantor, the Borrower, the Subsidiary Guarantors or such third party charterer of a Collateral Vessel is prohibited by law from doing business, (ii) the Lien created by the applicable Collateral Vessel Mortgage will be rendered unenforceable or (iii) the Collateral Agent’s foreclosure or enforcement rights will be materially impaired or hindered.