Net Charter. This is a net bareboat charter and, notwithstanding any other provision of this Charter Party, the obligation of Charterer to pay Hire hereunder shall be absolute and unconditional and shall not be affected by any circumstance of any character, including, without limitation: (a) counterclaim, setoff, deduction, defense, abatement, suspension, deferment, diminution or reduction; (b) any defect in the condition, design, quality or fitness for use of the Vessel, or any part thereof or interest therein or the failure of the Builder to construct or deliver the Vessel; (c) any damage to, removal, abandonment, salvage, loss, scrapping or destruction of or any requisition or taking of, the Vessel Interest, the Vessel or any part thereof or interest therein; (d) any restriction, prevention, interruption or curtailment of or interference with any use, operation or possession of the Vessel Interest, the Vessel or any part thereof or interest therein, including, without limitation, as a result of a termination of or default under the Head Lease, the Conditional Sale Agreement or any other U.K. Document; (e) any defect in, or any Lien on, title to the Vessel Interest, the Vessel or any part thereof or interest therein; (f) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of Charterer or Owner; (g) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to Charterer, the Indenture Trustee, Owner, Owner Participant, any Loan Participant, any Holder or any other Person, or any action taken with respect to this Charter Party by any trustee or receiver of any Person mentioned above, or by any court; (h) any claim that Charterer has or might have against any Person, including, without limitation, the Indenture Trustee, any Loan Participant, Owner, Owner Participant, Managing Trustee or any Holder (but this Article 9 shall not constitute a waiver of any such claim); (i) any failure on the part of Owner, the Indenture Trustee, Owner Participant, Managing Trustee or any Loan Participant to perform or comply with any of the terms hereof or of any other agreement; (j) any invalidity or unenforceability or disaffirmance of this Charter Party or any provision hereof or any of the other Operative Documents or any provision of any thereof, whether against or by Charterer or otherwise; or (k) any other occurrence whatsoever, whether similar or dissimil...
Net Charter. 10 ARTICLE 10. Xxxxxxx............................... 11 ARTICLE 11.
Net Charter. This Charter is a net Charter and it is intended that the Charterer shall pay all costs, charges, fees, assessments, expenses, duties and taxes of every character incurred in connection with the delivery, storage, use, possession, operation, maintenance, repair, chartering, recovery, retaking, and return of the Vessel, including without limitation those described elsewhere in this Charter. The parties intend that the obligations of the Charterer hereunder shall be covenants and agreements that are separate and independent of the Owner's obligations hereunder or hereafter arising or existing and shall continue unaffected.
