Common use of Prevention of and release from arrest Clause in Contracts

Prevention of and release from arrest. The Borrower shall procure that each Owner shall promptly discharge or settle: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, her Earnings or her Insurances other than such liens and claims arising in the ordinary course of business (which must in any event be discharged in accordance with best ship management practice); (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of that Ship, or of her detention in exercise or purported exercise of any lien or claim, the Borrower shall procure that the relevant Owner of that Ship shall procure her release within 5 Business Days of receiving such notice by providing bail or otherwise as the circumstances may require.

Prevention of and release from arrest. The Borrower shall procure that each Owner shall promptly discharge or settle: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, her Earnings or her Insurances other than such liens and claims arising in the ordinary course of business (which must in any event be discharged in accordance with best ship management practice); (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the her Earnings or the her Insurances, ; and, forthwith upon receiving notice of the arrest of that Ship, or of her detention in exercise or purported exercise of any lien or claim, the Borrower shall procure that the relevant Owner of that Ship shall procure her release within 5 Business Days of receiving such notice by providing bail or otherwise as the circumstances may require.

Prevention of and release from arrest. The Borrower shall procure that each Owner shall promptly discharge or settledischarge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, her Earnings or her Insurances other than such liens and claims arising in the ordinary course of business (which must in any event be discharged in accordance with best ship management practice); (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the her Earnings or the her Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the her Earnings or the her Insurances, ; and, forthwith upon receiving notice of the arrest of that Ship, or of her detention in exercise or purported exercise of any lien or claim, the Borrower shall procure that the relevant Owner of that Ship shall procure her release within 5 Business Days of receiving such notice by providing bail or otherwise as the circumstances may require.