Common use of Prevention of arrest Clause in Contracts

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the Ship, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith and adequate reserves are being maintained for such payment.

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the Ship, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith and adequate reserves are being maintained for such paymentdischarged.

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the Ship, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith discharged, but taking into account any credit terms permitted by this Agreement as may have been agreed from time to time between the Borrower and/or the Manager and adequate reserves are being maintained for such paymentthe suppliers to the Ship.

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the a Ship, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith and adequate reserves are being maintained for such paymentdischarged.

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens (other than Permitted Maritime Liens) on, or claims enforceable against, the against a Ship, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith and adequate reserves are being maintained for such paymentdischarged.

Prevention of arrest. All debts, damages, liabilities and outgoings which have given, or may give, rise to maritime, statutory or possessory liens on, or claims enforceable against, the ShipVessel, its Earnings or Insurances shall be promptly paid and discharged unless such payment is being contested in good faith when due and adequate reserves are being maintained for such paymentowing.