Common use of RESTRICTIONS ON USE OF OBSOLETE VESSEL Clause in Contracts

RESTRICTIONS ON USE OF OBSOLETE VESSEL. The Buyer shall not at any time operate the Obsolete Vessel, or cause or permit the same to be operated, and shall not carry on the Obsolete Vessel, or cause or permit to be carried on the same, any cargo or passengers for its own account or for the account of others, or use the Obsolete Vessel's hull, superstructures or any part thereof, or cause or permit the same to be used for any commercial purpose whatsoever, while moving the Obsolete Vessel from its present location to the plant or yard at which the Obsolete Vessel is to be dismantled, or at any other time.