Common use of Sharing in Cost of Modifications Clause in Contracts

Sharing in Cost of Modifications. Charterer shall be entitled to -------------------------------- recover from Owner Participant its share of the cost of any Modification determined in accordance with Article 11 of the Joint Venture Agreement, provided that no failure of Owner Participant to pay such reimbursement shall constitute a default under this Charter Party, reduce the obligations or rights of Charterer or Owner hereunder or affect the continued validity and enforceability of this Charter Party in any manner.

Appears in 4 contracts

Samples: Agreement (Mobil Corp), Agreement (Mobil Corp), Agreement (Mobil Corp)

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