SALE OF THE VESSEL. (a) In the event of rescission of this Contract as above provided, the SELLER shall have full right and power either to complete or not to complete the VESSEL as it deems fit, and to sell the VESSEL at a public or private sale on such terms and conditions as the SELLER thinks fit without being answerable for any loss or damage occasioned to the BUYER thereby. In the case of sale of the VESSEL, the SELLER shall give telefax or written notice to the BUYER.
SALE OF THE VESSEL. (a) In the event of rescission of this Contract as above provided, the BUILDER shall have full right and power either to complete or not to complete the VESSEL as it deems fit, and to sell the VESSEL at a public or private sale on such terms and conditions as the BUILDER thinks fit without being answerable for any loss or damage.
SALE OF THE VESSEL a) The OWNER agrees not to sell the Vessel during the Charter Period as set out on Page One of this Agreement.
SALE OF THE VESSEL. (a) In the event of cancellation or rescission of this Contract by the SELLER as above provided, the SELLER shall have full right and power either to complete or private sale on such terms and conditions as the SELLER thinks fit without being answerable for any loss or damage occasioned to the BUYER thereby. In any case the SELLER will use due diligence in obtaining the best possible sale price of the VESSEL, which should not be inferior to the actual market value of the VESSEL at the time of the sale. In the case of sale of the VESSEL, the SELLER shall give reasonable early written notice by letter, telefax or telex, to the BUYER and the BUYER shall be entitled to bid for the VESSEL at a public auction or to make an offer to buy the VESSEL if it receives notice from the SELLER of its intention to sell it privately.
SALE OF THE VESSEL. (a) In the event of cancellation or rescission of this Contract as above provided, the SELLER shall have full right and power either to complete or not to complete the VESSEL as it deems fit, and to sell the VESSEL at a public or private sale on such terms and conditions as the SELLER thinks fit without being answerable for any loss or damage occasioned to the BUYER thereby, unless the SELLER has failed to use best commercial diligence or take reasonable precautions to secure the true and reasonable market value obtainable in such sale. In the case of sale of the VESSEL, the SELLER shall give telefax or email notice to the BUYER.
SALE OF THE VESSEL. The Owners shall have no right to sell the vessel during term of this Charter or any extension thereof without the Charterers’ prior written consent, whose consent may be withheld at the Charterers’ sole discretion. For the purpose of this Clause 93, any sale, assignment, transfer, conveyance or disposition of the shares of the Owners, directly or indirectly through intermediate holding companies, by their sole shareholder Arlington Tankers, Inc. to any third party not controlled by Arlington Tankers, Inc. shall be deemed a sale of the vessel This clause 93 shall not prohibit in any way the mortgaging or hypothecation of the vessel to a financial institution pursuant to a financing transaction related to the purchase of the vessel by the Owners. 94 CHANGES/IMPROVEMENTS NECESSARY FOR THE OPERATION OF THE VESSEL OR IMPOSED BY LEGISLATION OR CLASS
SALE OF THE VESSEL. In the event of a sale or other disposal of the Vessel, or in case of refinancing by another bank or if the Borrower requests the Lender's consent for the discharge of the Mortgage on the Vessel, the Borrower shall prepay the Outstanding Indebtedness.
SALE OF THE VESSEL. The Seller hereby agrees to sell to the Buyer and the Buyer hereby agrees to buy from the Seller the Vessel described below pursuant to the terms and conditions of this MOA: Name of vessel: "Hilli" IMO Number: 7382720 Classification Society: DET NORSKE VERITAS Class notation: 1A1 Tanker for liquefied gas New Class notation (following conversion of the Vessel pursuant to the terms of the Conversion Contracts): OI Ship-Shaped LNG Production and Storage Unit, "POSMOOR" Year of build: 1975 Original builder: MXXX RXXXXXXXX VERFT - Norway Year of conversion: 2017 Conversion yard: Keppel Shipyard Limited, Singapore Flag: Mxxxxxxx Islands Place of registration: Majuro The Vessel will be delivered simultaneously under this MOA and the Bareboat Charter. The Vessel will on the Delivery Date be delivered by the Seller to the Buyer. Subject to compliance with the conditions in Clause 4 of this MOA, on the Delivery Date the Buyer shall accept and take delivery of the Vessel from the Seller, and the Vessel shall be deemed to be delivered under the Bareboat Charter by the Buyer to the Bareboat Charterer.
SALE OF THE VESSEL. (a) Upon any termination of the leasing of the Vessel (or, as the case may be, the right of the Lessee to take the Vessel on Lease (but subject always to the rights of the Lessor under clause 3 of the Put Option Deed)) under this Agreement through effluxion of time or otherwise (but in the case of a Total Loss, only to the extent that the Lessor is free to dispose of the same) the Vessel shall be sold in accordance with the remaining provisions of this Clause 19.2.
SALE OF THE VESSEL. (a) A sale of the Vessel made in pursuance of this Mortgage whether under the power of sale hereby granted or any judicial proceedings shall operate to divest all right, title and interest of any nature whatsoever of the Shipowner herein and thereto and shall bar the Shipowner, its successors and assigns and all persons claiming by, through or under them (subject, however, to the rights of the Initial Charterer or charterer under an Acceptable Replacement Charterer) provided such sale is by auction and that nothing herein shall be deemed to derogate from the Shipowner's duty to the Mortgagee. Upon any such sale, the purchaser shall not be bound to see or inquire whether the Mortgagee's power of sale has risen in the manner provided by the Mortgage and the sale shall be within the power of the Mortgagee and the receipt of the Mortgagee for the purchase money shall effectively discharge the purchaser who shall not be concerned with the manner of application of the proceeds of sale or be in any way answerable or otherwise liable therefor. The Mortgagee may bid for and purchase the Vessel and upon compliance with the terms of sale may hold, retain and dispose of the Vessel without further accountability therefor.
