Common use of Maintenance of Vessel Clause in Contracts

Maintenance of Vessel. Except as to such period as (i) the use or title of the Vessel has been taken, requisitioned or chartered by a Governmental Authority, (ii) there has been actual or constructive total loss or an agreed or compromised total loss of the Vessel, or (iii) there has been any other partial loss or damage with respect to the Vessel and Mortgagor shall be in compliance with its obligations under Sections 5.2(b) and 8.3(e) of the Trust Indenture, Mortgagor will, at all times and without cost or expense to Mortgagee, maintain and preserve, or cause to be maintained and preserved, the Vessel in good running order and repair, so that the Vessel shall be tight, staunch, strong and well and sufficiently tackled, appareled, furnished, seaworthy, equipped and in every respect in first class order and operating condition and in full compliance with and able to perform all operations under the SDDI Contract; and otherwise in compliance with the provisions of the Trust Indenture.

Maintenance of Vessel. Except as to such period as (i) the use or title of the Vessel has been taken, requisitioned or chartered by a Governmental Authority, (ii) there has been actual or constructive total loss or an agreed or compromised total loss of the Vessel, or (iii) there has been any other partial loss or damage with respect to the Vessel and Mortgagor shall be in compliance with its obligations under Sections 5.2(b4.2(c) and 8.3(e7.3(c) of the Trust Indenture, Mortgagor will, at all times and without cost or expense to Mortgagee, maintain and preserve, or cause to be maintained and preserved, the Vessel in good running order and repair, so that the Vessel shall be tight, staunch, strong and well and sufficiently tackled, appareled, furnished, seaworthy, equipped and in every respect seaworthy and in first class order and operating condition and in full compliance with and able to perform all operations under the SDDI Shell Contract; and otherwise in compliance with the provisions of the Trust Indenture.