Common use of Releases and Waivers Clause in Contracts

Releases and Waivers. Except with approval, there shall be no release by the Borrower of any obligation of any other person under the Hedging Contracts (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Appears in 6 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Cool Co Ltd.)

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Releases and Waivers. Except with approval, there shall be no release by the Borrower Borrowers of any obligation of any other person under the Hedging Contracts (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Appears in 3 contracts

Samples: Facility Agreement (Navigator Holdings Ltd.), Loan Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)

Releases and Waivers. Except with approval, there shall be no release by the Borrower Guarantor of any obligation of any other person under the Hedging Contracts (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

Releases and Waivers. Except with approval, there shall be no release by the Borrower of any obligation of any other person under the Hedging Contracts Charter Documents (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Appears in 1 contract

Samples: Facility Agreement (GasLog Ltd.)

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Releases and Waivers. Except with approval, there shall be no release by the Borrower Parent of any obligation of any other person under the Hedging Contracts (including by way of novation), no waiver of any breach of any such obligation and no consent to anything which would otherwise be such a breach.

Appears in 1 contract

Samples: Facility Agreement (DryShips Inc.)

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