Common use of Removal of parts Clause in Contracts

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by itany Ship, or any item of equipment installed on, the any Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the relevant Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Covenant Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The No Ship Owning Borrower shall procure that no Owner shall remove any material part of the Ship owned by itany Ship, or any material item of equipment installed onon any Ship, the Ship unless the part or item so removed is forthwith immediately replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the relevant Ship the property of the Owner relevant Ship Owning Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Covenant provided that a Ship Provided that the Owner Owning Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the that Owner and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner No Shipowner shall remove or allow the removal of any material part of the Ship owned by itany Ship, or any item of equipment installed onon any Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the relevant Ship the property of the Owner relevant Shipowner and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner PROVIDED THAT a Shipowner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the on that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the that Owner and subject to the security constituted by the relevant Mortgage and if applicable, the any Deed of Covenant, relative to the Ship Covenant Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The No Borrower shall procure that no Owner shall remove any material part of the Ship owned by itany Ship, or any item of equipment installed on, the any Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the relevant Ship the property of the Owner relevant Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Covenant (if applicable) Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall not remove any material part of the Ship owned by itShip, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner Borrower and subject to the security constituted by the relevant Mortgage and and, if applicable, the Deed of Covenant, relative to the Ship Covenant Provided that the Owner Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Borrower shall procure that no the Owner shall not remove any material part of the Ship owned by itShip, or any item of equipment installed on, on the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner and subject to the security constituted by the Mortgage and if applicable, the any Deed of Covenant, relative to the Ship Covenant Provided that the Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Borrower shall not (and shall procure that no Owner shall Approved Manager shall) remove any material part of the Ship owned by itShip, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lenders and becomes on installation on the Ship the property of the Owner Borrower and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner Borrower may install leased equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The No Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed onon such Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the such Ship the property of the Owner relevant Borrower and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, Covenant relative to the that Ship Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the its Ship.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the relevant Mortgage and if applicableand, as the case may be, the Deed of Covenant, relative to the Ship Covenant Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Each Borrower shall procure that no Owner shall not remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the Owner that Borrower and subject to the security constituted by the Mortgage and on that Ship (if applicable, the Deed of Covenant, relative to the Ship ) Provided that the Owner that Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the that Ship.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the relevant Mortgage and if applicableand, as the case may be, the Deed of Covenant, relative to the Ship Covenant Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no each Owner of a Mortgaged Ship shall not, remove any material part of the Ship owned by it, or any item of equipment installed onon such Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the such Ship the property of the Owner relevant Borrower and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, Covenant relative to the that Ship Provided that the relevant Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the its Ship.

Removal of parts. The Borrower shall procure that no Owner shall (in the case of the Ship owned by it) remove any material part of the Ship owned by itShip, or any material item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the relevant Owner and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip concerned.

Removal of parts. The Borrower shall procure that no each Owner shall not remove any material part of the Ship owned by it, or any item of equipment installed onon that Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the that Ship the property of the that Owner and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by itits Ship, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the Owner and subject to the security constituted by the relevant Mortgage and (if applicable, the Deed of Covenant, relative to the Ship ) Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Neither Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed onon such Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the such Ship the property of the Owner relevant Borrower and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, Covenant relative to the that Ship Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the its Ship.

Removal of parts. The Borrower shall procure that no neither Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the relevant Mortgage and if applicableand, as the case may be, the Deed of Covenant, relative to the Ship Covenant Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the that Ship Provided that the each Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed onon that Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of material damage to the relevant Ship.

Removal of parts. The Neither Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the Owner that Borrower and subject to the security constituted by the Mortgage and on that Ship (if applicable, the Deed of Covenant, relative to the Ship ) Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The No Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the relevant Ship the property of the Owner relevant Borrower and subject to the security constituted by the Mortgage and if applicable, the any Deed of Covenant, relative to the Ship Covenant Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no the Owner shall not remove any material part of the Ship owned by itShip, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the Ship the property of the Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, Covenant relative to the Ship Provided that the Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The relevant Borrower shall procure that no Owner shall not remove any material part of owned by it from the Ship owned by it, or any item of equipment owned by it installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour favor of any person other than the Security Trustee and becomes on installation on the Ship that Ship, the property of the Owner that Security Party and subject to the security constituted by the Mortgage and if applicableMortgage, the Deed of Covenant, relative to the Ship Provided provided that the Owner relevant Borrower may install and remove equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The No Borrower shall, and the Borrowers shall procure that no Owner an Approved Manager shall not, remove any material part of the Ship owned by itany Ship, or any item of equipment installed on, the any Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the relevant Ship the property of the Owner relevant Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Neither Borrower shall procure that no Owner shall remove any material part of the Ship owned by itits Ship, or any item of equipment installed on, the on that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the Owner that Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to Covenant (as the Ship case may be) Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no each Owner shall not remove any material part of the Ship owned by it, or any item of equipment installed on, the Ship owned by it unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the Ship owned by it the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the each Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no neither Owner shall remove any material part of the Ship owned by iteither Ship, or any item of equipment installed on, the either Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the relevant Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicableand, as the case may be, the Deed of Covenant, relative Covenant applicable to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall not remove any material part of the Ship owned by itShip, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Covenant (if relevant) Provided that the Owner Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Borrower shall procure that no Owner No Shipowner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour favor of any person other than the Common Security Trustee Agent or relevant Existing Security Agent, as applicable, and becomes on installation on the Ship that Ship, the property of the Owner that Shipowner and subject to the security constituted by the Mortgage and if applicableMortgage, the Deed of Covenant, relative to the Ship Provided provided that the Owner each Shipowner may install and remove equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no neither Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the that Owner and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the that Ship Provided that the each Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The No Borrower shall, and shall procure that no Owner shall Approve Managers shall, remove any material part of the its Ship owned by it, or any item of equipment installed on, the on such Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Agent and becomes on installation on the such Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the relevant Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the its Ship.

Removal of parts. The Neither Borrower shall procure that no Owner shall remove any material part of the Ship owned by itany Ship, or any item of equipment installed on, the any Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the relevant Ship the property of the Owner relevant Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Covenant Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The A Borrower shall not (and shall procure that no Owner shall Approved Manager shall) remove any material part of the Ship owned by itits Ship, or any item of equipment installed on, the such Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lenders and becomes on installation on the that Ship the property of the Owner relevant Borrower and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner a Borrower may install leased equipment owned by a third party if the equipment can be removed without any risk of damage to the its Ship.

Removal of parts. The No Borrower shall procure that no Owner shall remove any material part of the Ship owned by itits Ship, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the that Ship the property of the Owner that Borrower and subject to the security constituted by the relevant Mortgage and (if applicable, the Deed of Covenant, relative to the Ship Covenant collateral thereto) Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no the Owner shall not remove any material part of the Ship owned by itShip, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Neither Borrower shall procure that no Owner shall remove any material part of the Ship owned by itany Ship, or any item of equipment installed on, the any Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the relevant Ship the property of the Owner relevant Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Covenant (if applicable) Provided that the Owner a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The No Borrower shall procure that no Owner shall remove or allow the removal of any material part of the Ship owned by itany Ship, or any item of equipment installed onon any Ship, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the relevant Ship the property of the Owner relevant Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner PROVIDED THAT a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, Covenant relative to the Ship Provided that the Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

Removal of parts. The Each Borrower shall procure that no Owner shall not remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner that Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner PROVIDED THAT a Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no No Owner shall (in the case of any Ships owned by that Owner) remove any material part of the Ship owned by itany Ship, or any item of equipment installed onon any Ship, except in the Ship normal course of maintenance and repair, unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the relevant Owner and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner owning the relevant Ship may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip concerned.

Removal of parts. The Borrower shall procure that no Owner shall not remove any material part of the any Ship owned by it, or any item of equipment installed onon any such Ship, except in the Ship normal course of maintenance and repair, unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship the property of the Owner Borrower and subject to the security constituted by the relevant Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the Owner Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip concerned.

Removal of parts. The Borrower shall procure that no Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the Ship owned by it unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee and becomes on installation on the Ship owned by it the property of the that Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship Provided that the an Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.

Removal of parts. The Borrower shall procure that no neither Owner shall remove any material part of the Ship owned by it, or any item of equipment installed on, the that Ship unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Security Trustee Lender and becomes on installation on the that Ship the property of the relevant Owner and subject to the security constituted by the Mortgage and if applicable, the Deed of Covenant, relative to the Ship owned by it Provided that the each Owner may install equipment owned by a third party if the equipment can be removed without any risk of damage to the ShipShip owned by it.