Common use of OWNER TO REMAIN LIABLE Clause in Contracts

OWNER TO REMAIN LIABLE. Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial Charter, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee or to which the Indenture Trustee may be entitled hereunder at any time or times.

OWNER TO REMAIN LIABLE. Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial CharterBuilding Contract and the Agreement on Contract for Technical Matters, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee or to which the Indenture Trustee may be entitled hereunder at any time or times.

OWNER TO REMAIN LIABLE. Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial CharterManagement Agreement, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee or to which the Indenture Trustee may be entitled hereunder at any time or times.

OWNER TO REMAIN LIABLE. Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial CharterBuilding Contract Guarantee, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee or to which the Indenture Trustee may be entitled hereunder at any time or times.

OWNER TO REMAIN LIABLE. (a) Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial Charter, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee Lender shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee Lender be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee Lender or to which the Indenture Trustee Lender may be entitled hereunder at any time or times.

OWNER TO REMAIN LIABLE. Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial Charter, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee Lender shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee Lender be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee Lender or to which the Indenture Trustee Lender may be entitled hereunder at any time or times.

OWNER TO REMAIN LIABLE. Anything in this Assignment contained to the contrary notwithstanding, the Owner shall remain liable under the Initial CharterCharter Supplement, and shall observe, perform and fulfill all of the conditions and obligations to be observed, performed and fulfilled by it thereunder, and the Indenture Trustee shall have no obligation or liability of any kind whatsoever thereunder or by reason of or arising out of this Assignment, nor shall the Indenture Trustee be under any liability whatsoever in the event of any failure by the Owner to perform its obligations thereunder or be required or obligated in any manner to observe, perform or fulfill any of the conditions or obligations of the Owner thereunder or pursuant thereto, or to make any payment or to make any inquiry as to the nature or sufficiency of any payment received by it or the Owner thereunder, or to present or file any claim, or to take any other action to collect or enforce the payment of any amounts which may have been assigned to the Indenture Trustee or to which the Indenture Trustee may be entitled hereunder at any time or times.