Common use of Payment for Modifications and Replacement Components Clause in Contracts

Payment for Modifications and Replacement Components. (i) ---------------------------------------------------- Charterer shall be permitted at any time to finance the cost of any Severable Modification to the Vessel not required by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.

Payment for Modifications and Replacement Components. (i) Charterer ---------------------------------------------------- Charterer shall shall, with the written consent of Owner Participant, be permitted at any time to finance the cost of any Severable Modification to the Vessel that is not required a Required Modification by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.

Payment for Modifications and Replacement Components. (i) ---------------------------------------------------- Charterer shall shall, with the written consent of Owner Participant, be permitted at any time to finance the cost of any Severable Modification to the Vessel that is not required a Required Modification by any Governmental Rule or Governmental Action, directly or indirectly, including, without limitation, on a third party ownership basis.