Common use of REQUISITION FOR HIRE Clause in Contracts

REQUISITION FOR HIRE. (a) If the Vessel is requisitioned for hire by any governmental or other competent authority during the Charter Period, then unless and until following such requisition the Vessel becomes a Total Loss, this Charter shall continue in full force and effect for the remainder of the Charter Period (and Charterers shall be fully responsible for due compliance with all its obligations under (i) Clause 11 and (ii) the other provisions of this Charter, other than those which Charterers are unable to comply with solely by virtue of the aforesaid requisition for hire); provided, however, that if Charterers shall duly comply with all of their obligations under this Charter save as aforesaid, Charterers shall be entitled to all requisition hire paid to Owners or to Charterers by such governmental or other competent authority or by any person acting by the authority of the same on account of such requisition during the Charter Period. (b) Should the Vessel be under requisition for hire at or until the end of the Charter Period: (i) Charterers shall, if they are prevented by reason of the requisition from redelivering the Vessel under sub-clause (a) of Clause 8 hereof, be relieved from their obligation so to do, provided that if the party requisitioning the Vessel does not at the end of the period of requisition redeliver the Vessel to Owners at such place as Owners shall request, Charterers shall upon the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers shall be under no liability to Owners in respect of the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred during the period of such requisition.

REQUISITION FOR HIRE. (a) 16.1 If the Vessel Haewene Brim Equipment or the Haewene Brim is requisitioned for hire by any governmental or other competent authority Government Entity during the Charter Lease Period, then unless and until following such requisition results in the Vessel becomes Haewene Brim Equipment or the Haewene Brim becoming a Total Loss and all sums due pursuant to clause 10.1.2 (Total Loss, this Charter ) shall have been paid the leasing of the Haewene Brim Equipment shall continue in full force and effect for the remainder of the Charter Lease Period (and Charterers PPC shall be remain fully responsible for the due compliance with all its obligations under (i) Clause 11 and (ii) the other provisions of this Charter, Agreement other than those in respect of provisions which Charterers are unable PPC is precluded from performing as a result of such requisition. 16.2 Subject to comply with solely by virtue the rights of the aforesaid requisition for hire); providedGeneral Security Trustee or any Beneficiary pursuant to the General Assignment, however, that if Charterers PPC shall duly comply with all of their obligations under this Charter save as aforesaid, Charterers shall during the Lease Period be entitled to all requisition hire paid to Owners the Lessor or to Charterers PPC by such governmental Government Entity or other competent authority or by any person acting by the authority of the same on account of such requisition during in respect of the Charter Haewene Brim Equipment and shall be entitled to the Agreed Proportion of all requisition hire paid in respect of the Haewene Brim. Following the expiration or earlier termination of the Lease Period. , PPC shall (bsubject to the Deed of Proceeds and Priorities) Should pay to the Vessel be under Lessor forthwith upon receipt the Agreed Proportion of all requisition for hire at in respect of the Haewene Brim received by it or until by BHB which relates to any period after the end of the Charter Period:Lease Period and until such payment shall hold such moneys received by it on trust for the Lessor. (i) Charterers shall, if they are prevented by reason of the requisition from redelivering the Vessel under sub-clause (a) of Clause 8 hereof, be relieved from their obligation so to do, provided that if the party requisitioning the Vessel does not at the end of the period of requisition redeliver the Vessel to Owners at such place as Owners shall request, Charterers shall upon the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers 16.3 PPC shall be under no liability to Owners the Lessor in respect of any change in the structure, state or and condition of the Vessel insofar Haewene Brim Equipment in so far as such structure, state or condition change is due to the manner in which she the Haewene Brim Equipment has been used or treated or to any the events which that have occurred during the period of requisition. Nonetheless, subject to the rights of the General Security Trustee or any Beneficiary pursuant to the General Assignment, PPC shall (subject to the Deed of Proceeds and Priorities) ensure that any compensation payable by the requisitioning authority in respect of such requisitionchange shall, unless the Lessor otherwise agrees in writing: 16.3.1 if received (aa) after the end of the Lease Period or (bb) after the occurrence of a Total Loss which is continuing or (cc) in an amount which exceeds two million five hundred thousand Dollars ($2,500,000), in each case be paid to the Lessor and until payment be held on trust for the Lessor; and 16.3.2 otherwise be retained by PPC, and, in each such case, applied in accordance with clause 16.4 16.4 Any such compensation as is referred to in clause 16.3 which is received prior to the end of the Lease Period shall, unless the Lessor otherwise agrees in writing and subject always to the terms of the Deed of Proceeds and Priorities, be applied: 16.4.1 first if received and permitted to be retained by PPC pursuant to clause 16.3, by PPC in or towards restoring the Haewene Brim Equipment (so far as is possible) to the condition which it is in at the time the requisition took place; 16.4.2 secondly if received by the Lessor, by the Lessor in reimbursement of PPC of any amounts expended by PPC in or towards restoring the Haewene Brim Equipment (so far as is possible) to the condition which it was in at the time the requisition took place or, as the case may be, in making direct payment to any relevant shipyard or other repairer or supplier; and 16.4.3 thirdly provided that the Haewene Brim Equipment has at such time (so far as is possible) been restored to the condition which it was in at the time the requisition took place, in payment by the Lessor to PPC or (as the case may be) retention by PPC for its own account of any surplus as if it were requisition for hire. 16.5 Any such compensation as is referred to in clause 16.3 which relates to any period after the end of the Lease Period shall, unless the Lessor otherwise agrees in writing and subject always to the terms of the Deed of Proceeds and Priorities, be applied: 16.5.1 first in reimbursement of PPC or, as the case may be, in direct payment, for any survey costs incurred in connection with any redelivery survey required by the Lessor pursuant to clause 19.1 (Re-delivery of the Haewene Brim Equipment); 16.5.2 secondly by the Lessor in reimbursement of PPC of any amounts expended by PPC in or towards restoring the Haewene Brim Equipment (so far as is possible) to the condition which it was in at the time the requisition took place or, as the case may be, in making direct payment to any relevant shipyard or other repairer or supplier; and 16.5.3 thirdly provided that the Haewene Brim Equipment has at such time (so far as is possible) been restored to the condition which it was in at the time the requisition took place, in retention by the Lessor of any surplus until the completion of sale of the Haewene Brim Equipment at which time such surplus shall be aggregated with the moneys received from the purchaser of the Haewene Brim Equipment and shall form part of the Proceeds of Sale.

REQUISITION FOR HIRE. (a) If the Vessel is requisitioned for hire by any governmental or other competent authority during the Charter Period, then unless and until following such requisition the Vessel becomes a Total Loss, this Charter shall continue in full force and effect for the remainder of the Charter Period (and Charterers the Charterer shall be fully responsible for due compliance with all its obligations under (i) Clause 11 and (ii) the other provisions of this Charter, other than those which Charterers are the Charterer is unable to comply with solely by virtue of the aforesaid requisition for hire); provided, however, that if Charterers the Charterer shall duly comply with all of their its obligations under this Charter save as aforesaid, Charterers the Charterer shall be entitled to all requisition hire paid to Owners the Owner or to Charterers the Charterer by such governmental or other competent authority or by any person acting by the authority of the same on account of such requisition during the Charter Period. (b) Should the Vessel be under requisition for hire at or until the end of the Charter Period: (i) Charterers The Charterer shall, if they are it is prevented by reason of the requisition from redelivering the Vessel under sub-clause (a) of Clause 8 hereof, be relieved from their its obligation so to do, provided that if the party requisitioning the Vessel does not at the end of the period of requisition redeliver the Vessel to Owners the Owner at such place as Owners the Owner shall request, Charterers the Charterer shall upon the written request of Owners the Owner use their the Charterer's best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers the Charterer shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers the Charterer shall be under no liability to Owners the Owner in respect of the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred during the period of such requisition.

REQUISITION FOR HIRE. (a) If the Vessel Rig is requisitioned for hire by any governmental or other competent authority Governmental Entity during the Charter PeriodSub-Lease Period then, then unless and until the Rig becomes a Total Loss following such requisition and the Vessel becomes a Sub-Lessee shall have made payment of all sums due pursuant to Clause 11.2 (Total Loss), the lease of the Rig to the Sub-Lessee under this Charter Sub-Lease shall continue in full force and effect (subject always to the provisions of Clauses 11.2 (Total Loss) and 13 (Termination)) for the remainder of the Charter Lease Period (and Charterers the Sub-Lessee shall be remain fully responsible for the due compliance with all its obligations under (i) Clause 11 and (ii) the other provisions of this Charter, Sub-Lease other than those such obligations which Charterers are the Sub-Lessee is unable to comply with solely by virtue of such requisition. (b) The Sub-Lessee shall during the aforesaid requisition for hire); provided, however, that if Charterers shall duly comply with all of their obligations under this Charter save as aforesaid, Charterers shall Sub-Lease Period be entitled to all requisition hire paid to Owners the Sub-Lessor or to Charterers by such governmental or other competent authority or by any person acting by the authority of the same Sub-Lessee on account of such requisition during and the Charter Sub-Lessor shall account to the Sub-Lessee for any such requisition hire paid to it. (c) The Sub-Lessee shall, as soon as practicable after the end of any requisition for hire, which terminates before the expiry of the Sub-Lease Period, cause the Rig to be put into the condition required by this Sub-Lease, and where that requisition shall end after the expiry or termination of the Sub-Lease Period the Sub-Lessee shall, as soon as practicable, cause the Rig to be put into the re-delivery condition required by Clause 13.1(b), allowance being made for fair wear and tear in respect of the period from the expiry or termination of the Sub-Lease Period. (bd) Should the Vessel Rig be under requisition for hire at or until the end of the Charter Sub-Lease Period: (i) Charterers the lease of the Rig under this Sub-Lease shall (unless otherwise agreed between the parties hereto) nevertheless be terminated at such end but without prejudice to the accrued rights of the parties and PROVIDED THAT no Termination Event shall have occurred and be continuing in which case the Sub-Lessor shall be entitled to retain the requisition hire to the extent of any payments that are then due and payable by the Sub-Lessee to the Sub-Lessor under this Sub-Lease and the Sub-Lessee's obligations to make such payments shall be pro tanto reduced by the amount of such retention and any remaining requisition hire shall be paid to the Sub-Lessee by way of rebate of Rental, the Sub-Lessee shall be entitled to receive and retain any requisition hire payable in respect of the period from the expiry of the Sub-Lease Period; and. (ii) the Sub-Lessee shall, if they are and for so long as it is prevented by reason of the requisition hire from redelivering re-delivering the Vessel Rig under sub-clause Clause 13.1 (aTermination Events) of Clause 8 hereof, be relieved excused from their its obligation so to do, provided that if the party requisitioning the Vessel does not at the end of the period of requisition redeliver the Vessel to Owners at such place as Owners shall request, Charterers shall upon the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8;do so. (iie) after If the Rig is requisitioned for hire the Sub-Lessee hereby agrees to indemnify the Sub-Lessor against any Losses, costs and expenses incurred by the Sub-Lessor in connection with such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers shall be under no liability to Owners in respect of the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred during the period of such requisitionrequisition for hire.

REQUISITION FOR HIRE. Notwithstanding any other terms of this Agreement and to the exclusion of any implication to contrary effect it is agreed that: (a) If if the Vessel Engine or the Aircraft is requisitioned for hire by any governmental or other competent authority during the Charter PeriodLease Period then, then unless and until following such requisition results in the Vessel becomes Engine becoming a Total Loss and the Lessee has paid in full all amounts due under Clause 14.2 (Payment on Total Loss), this Charter shall Agreement will (subject to the provisions of Clause 17 germination by Lessor)) continue in full force and effect for the remainder of the Charter Lease Period (and Charterers shall be fully responsible for due compliance with all its obligations under subject however to the following provisions that: (i) Clause 11 and (ii) the other provisions of this Charter, other than those which Charterers are unable to comply with solely by virtue of the aforesaid requisition for hire); provided, however, that if Charterers shall duly comply with all of their obligations under this Charter save as aforesaid, Charterers shall Lessee will be entitled to all requisition hire paid to Owners Lessor or to Charterers the Lessee by such governmental or other competent authority or by any person acting by the authority of the same on account of such requisition provided that it has paid in full the amount referred to above; (ii) Lessor will, provided the Lessee has paid all amounts then due and payable to Lessor and no Termination Event or Potential Termination Event has occurred, pay any such hire to the Lessee immediately upon receipt; (iii) Lessor will be entitled to all compensation payable in respect of any change in the structure or condition of the Engine arising during the Charter Period.period of requisition for hire. Lessor will, provided the Lessee has paid all amounts then due and payable to Lessor and no Termination Event or Potential Termination Event has occurred, apply such compensation in reimbursing the Lessee for the cost of complying with its obligations under sub-Clause (iii) above; (b) Should if the Vessel be Engine is under requisition for hire at or until the end of the Charter PeriodTerm Date: (i) Charterers shallthis Agreement will (unless otherwise agreed between the parties hereto) nevertheless be terminated at such end but without prejudice to the accrued rights of the parties and the Lessee's obligations in respect of payment and indemnities and Lessor will be entitled to receive and retain any requisition hire payable in respect of the period from the expiry of the Lease period; (ii) the Lessee will, if they are it is prevented by reason of the requisition for hire from redelivering the Vessel under sub-clause Engine in accordance with Clause 19 (a) of Clause 8 hereofRedelivery), be relieved from their its obligation so to dodo but will consult with Lessor as to the most convenient method of enabling Lessor to obtain redelivery of the Engine when the Engine is released from such requisition. except that, provided that if the party requisitioning the Vessel does not Lessee at the end of Term Date has complied with its obligations hereunder, Lessor will sell the period of requisition redeliver Engine to the Vessel to Owners at such place as Owners shall request, Charterers shall upon the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof Lessee on the terms referred to set out in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers shall be under no liability to Owners in respect of the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred during the period of such requisitionSchedule 4.

REQUISITION FOR HIRE. (a) 16.1 If the Vessel is requisitioned for hire by any governmental or other competent authority Government Entity during the Charter Lease Period, then unless and until following such requisition the leasing of the Vessel becomes a Total Loss, this Charter shall continue in full force and effect for the remainder of the Charter Lease Period (and Charterers the Lessee shall be remain fully responsible for the due compliance with all its obligations under (i) Clause 11 and (ii) the other provisions of this Charter, Agreement other than those in respect of provisions which Charterers are unable to comply with solely by virtue the Lessee is precluded from performing as a result of the aforesaid requisition for hire); provided, however, that if Charterers shall duly comply with all of their obligations under this Charter save as aforesaid, Charterers such requisition. 16.2 The Lessee shall be entitled to all requisition hire paid to Owners the Lessor or to Charterers the Lessee by such governmental Government Entity or other competent authority or by any person acting by the authority of the same on account of such requisition in respect of the Vessel and shall be entitled to all requisition hire paid in respect of the Vessel, whether during or following the expiration or earlier termination of the Lease Period. 16.3 The Lessee shall be under no liability to the Lessor in respect of any change in the structure, state and condition of the Vessel in so far as such change is due to the manner in which the Vessel has been used or treated or to the events that have occurred during the Charter Period.period of requisition. Nonetheless the Lessee shall ensure that any compensation payable by the requisitioning authority in respect of such change shall, unless the Lessor otherwise agrees in writing: (a) if received after the occurrence of a Total Loss which is continuing, be paid to the Lessor and until payment be held on trust for the Lessor; and (b) Should otherwise be retained by the Lessee, and, in each such case, applied in accordance with Clause 16.4 or 16.5. 16.4 Any such compensation as is referred to in Clause 16.3 which is received prior to the end of the Lease Period shall, unless the Lessor otherwise agrees in writing be applied: (a) first if received and permitted to be retained by the Lessee pursuant to Clause 16.3, by the Lessee in or towards restoring the Vessel (so far as is possible) to the condition which it is in at the time the requisition took place; (b) secondly if received by the Lessor, by the Lessor in reimbursement of the Lessee of any amounts expended by the Lessee in or towards restoring the Vessel (so far as is possible) to the condition which it was in at the time the requisition took place or, as the case may be, in making direct payment to any relevant shipyard or other repairer or supplier; and (c) thirdly, provided that the Vessel has at such time (so far as is possible) been restored to the condition which it was in at the time the requisition took place, in payment by the Lessor to the Lessee or (as the case may be) retention by the Lessee for its own account of any surplus as if it were requisition for hire. 16.5 Any such compensation as is referred to in Clause 16.3 which relates to any period after the end of the Lease Period shall be paid by the Lessor to or, as the case may be, retained by the Lessee. 16.6 In the event that the Vessel shall at the end of the Lease Period for any reason whatsoever be under requisition for hire at or until the end provisions of this Agreement in respect of re-delivery and sale of the Charter Period: (i) Charterers shall, if they are prevented by reason of Vessel shall unless the requisition from redelivering the Vessel under sub-clause (a) of Clause 8 hereof, be relieved from their obligation so to do, provided that if the party requisitioning the Vessel does not Lessor otherwise agrees in writing apply at the end of the period of requisition redeliver for hire regardless that the Vessel to Owners at such place as Owners Lease Period shall request, Charterers shall upon have expired before the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers shall be under no liability to Owners in respect end of the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred during the period of such requisitionrequisition period.

REQUISITION FOR HIRE. (a) 16.1 If the Vessel is requisitioned for hire by any governmental or other competent authority Government Entity during the Charter Lease Period, then unless subject to Clause 10 and until following such requisition to any other provision for early termination of the leasing of the Vessel becomes (pursuant to a Total LossMandatory Termination Event or otherwise), this Charter the leasing of the Vessel shall continue in full force and effect for the remainder of the Charter Lease Period (and Charterers the Lessee shall be remain fully responsible for the due compliance with all its obligations under (i) Clause 11 and (ii) the other provisions of this Charter, Agreement other than those in respect of provisions which Charterers are unable to comply with solely by virtue the Lessee is precluded from performing as a result of such requisition. 16.2 The Lessee shall during the aforesaid requisition for hire); provided, however, that if Charterers shall duly comply with all of their obligations under this Charter save as aforesaid, Charterers shall Lease Period be entitled to all requisition hire paid to Owners the Lessor or to Charterers the Lessee by such governmental Government Entity or other competent authority or by any person acting by the authority of the same on account of such requisition in respect of the Vessel. Following the expiration or earlier termination of the Lease Period, the Lessee shall pay to the Lessor forthwith upon receipt of all requisition hire in respect of the Vessel received by it which relates to any period after the end of the Lease Period and until such payment shall hold such moneys received by it on trust for the Lessor. 16.3 The Lessee shall be under no liability to the Lessor in respect of any change in the structure, state and condition of the Vessel in so far as such change is due to the manner in which the Vessel has been used or treated or to the events that have occurred during the Charter Period.period of requisition. Nonetheless the Lessee shall ensure that any compensation payable by the requisitioning authority in respect of such change shall, unless the Lessor otherwise agrees in writing: (a) if relating to any period after the end of the Lease Period be paid to the Lessor and until payment be held on trust for the Lessor; and (b) Should otherwise be retained by the Lessee, and, in each such case, applied in accordance with Clause 16.4 or Clause 16.5 (as applicable). 16.4 Any such compensation as is referred to in Clause 16.3 which relates to any period prior to the end of the Lease Period shall be applied: (a) if received and permitted to be retained by the Lessee pursuant to Clause 16.3, by the Lessee as it thinks fit; (b) if received by the Lessor, by the Lessor in payment to the Lessee. 16.5 Any such compensation as is referred to in Clause 16.3 which relates to any period after the end of the Lease Period shall, be applied: (a) first in reimbursement of the Lessee or, as the case may be, in direct payment, for any survey costs incurred in connection with any re-delivery survey required by the Lessor pursuant to Clause 19.1 (re-delivery of the Vessel); (b) secondly by the Lessor in reimbursement of the Lessee of any amounts expended by the Lessee in or towards restoring the Vessel (so far as is possible) to the condition which it was required to be in hereunder at the time the requisition took place or, as the case may be, in making direct payment to any relevant shipyard or other repairer or supplier; or (c) thirdly provided that the Vessel has at such time (so far as is possible) been restored to the condition which it was required to be in hereunder at the time the requisition took place, in retention by the Lessor of any surplus until the completion of sale of the Vessel at which time such surplus shall be aggregated with the moneys received from the purchaser of the Vessel and shall form part of the Proceeds of Sale. 16.6 In the event that the Vessel shall at the end of the Lease Period for any reason whatsoever be under requisition for hire at or until the end provisions of this Agreement in respect of re-delivery and sale of the Charter Period: (i) Charterers shall, if they are prevented by reason of Vessel shall unless the requisition from redelivering the Vessel under sub-clause (a) of Clause 8 hereof, be relieved from their obligation so to do, provided that if the party requisitioning the Vessel does not Lessor otherwise agrees in writing apply at the end of the period of requisition redeliver for hire regardless that the Vessel to Owners at such place as Owners Lease Period shall request, Charterers shall upon have expired before the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers shall be under no liability to Owners in respect end of the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred during the period of such requisitionrequisition period.

REQUISITION FOR HIRE. (a) If all or part of the Vessel Equipment (the "REQUISITIONED EQUIPMENT") is requisitioned for use or hire by any governmental Governmental Authority or other competent authority during the Charter Period, then Initial Term (and unless and until following such requisition an Event of Loss occurs in respect of the Vessel becomes a Total LossRequisitioned Equipment, in which case the other provisions of this Charter shall Clause 15 will apply), the leasing of the Equipment including the Requisitioned Equipment will continue in full force (subject to Clause 16.2 (Termination by Lessor)) and effect for the remainder of the Charter Period (and Charterers shall be fully responsible for due compliance Lessee will continue to comply with all its obligations under this Master Agreement (iincluding to pay Rental) Clause 11 and (ii) other than, in the other provisions case of this Charterthe Requisitioned Equipment, other than those non-financial obligations which Charterers are the Lessee is unable to comply with solely by virtue of the aforesaid requisition. (b) Subject to no Potential Event of Default having occurred and being continuing and to Clause 26 (Set-off), during the Initial Term the Lessee may receive all requisition hire (other than any Compensation Award or any compensation referred to in Clause 15.8(d)) paid by any Governmental Authority or other competent authority on account of the requisition and the Lessor will account to the Lessee for any such requisition hire received by it as soon as reasonably practicable after receipt. (c) The Lessee will as soon as practicable after the end of any requisition for hire); provided, however, that if Charterers shall duly comply with all of their obligations under use or hire cause the Requisitioned Equipment to be put into the condition required by this Charter save as aforesaid, Charterers Master Agreement. (d) The Lessor shall be entitled to all requisition hire paid to Owners or to Charterers by such governmental or other competent authority or by any person acting by the authority of the same on account of such requisition during the Charter Period. (b) Should the Vessel be under requisition for hire at or until the end of the Charter Period: (i) Charterers shall, if they are prevented by reason of the requisition from redelivering the Vessel under sub-clause (a) of Clause 8 hereof, be relieved from their obligation so to do, provided that if the party requisitioning the Vessel does not at the end of the period of requisition redeliver the Vessel to Owners at such place as Owners shall request, Charterers shall upon the written request of Owners use their best endeavors to redeliver the Vessel in accordance with sub-clause (a) of Clause 8; (ii) after such release Charterers shall be given a reasonable opportunity of removing any such additional or hired equipment as is referred to in sub-clause (b) of Clause 9 hereof on the terms referred to in that sub-clause; (iii) notwithstanding any other provision of this Charter, Charterers shall be under no liability to Owners compensation payable in respect of any change to the structure, state or condition of the Vessel insofar as such structure, state or condition is due to the manner in which she has been used or treated or to any events which have occurred Requisitioned Equipment arising during the period of requisition but, subject to Clause 26 (Set-off), the Lessor will apply such requisitioncompensation in reimbursing the Lessee for the cost of complying with its obligations under Clause 15.8(c). (e) If the Requisitioned Equipment is under requisition for use or for hire at the end of the Initial Term then, unless otherwise agreed by the Parties, the leasing of the Equipment including the Requisitioned Equipment will terminate in accordance with the terms of this Master Agreement and title to the Equipment (including the Requisitioned Equipment) shall pass to the Lessee in accordance with the provisions of Clause 17.1 (End of Initial Term purchase option and Transfer of Title to the Equipment).