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.
Appears in 8 contracts
Samples: Agreement (Navigator Holdings Ltd.), Facilities Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.
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.
Appears in 4 contracts
Samples: Facility Agreement (Quintana Shipping Ltd.), DryShips Inc., Agreement (Teekay Tankers Ltd.)
Prevention of arrest. 23.10 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.discharged. Release from arrest or attachment
Appears in 2 contracts
Samples: Facility Agreement (Hafnia LTD), Facility Agreement (Hafnia LTD)
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.
Appears in 2 contracts
Samples: Agreement (Dorian LPG Ltd.), Agreement (Dorian LPG Ltd.)
Prevention of arrest. 22.10 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 payment.the suppliers to the Ship. Release from arrest
Appears in 2 contracts
Samples: www.lw.com, Teekay LNG Partners L.P.
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.
Appears in 2 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 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.
Appears in 1 contract
Prevention of arrest. 23.10 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.discharged. Release from arrest
Appears in 1 contract
Samples: Agreement (Globus Maritime LTD)
