Common use of Termination by Owner Clause in Contracts

Termination by Owner. Except with approval, the relevant Owner shall not terminate or rescind any Charter Document or withdraw the relevant Ship from service under its Charter or Replacement Charter or take any similar action.

Termination by Owner. Except with approval, the The relevant Owner shall not terminate or rescind any Charter Document or withdraw the relevant Ship from service under its Charter or Replacement the Charter or take any similar action, unless, prior to a Default, the relevant Owner has notified the Agent in writing prior to such action taking place or, after the occurrence of a Default, such action has been approved (such approval not to be unreasonably withheld or delayed).

Termination by Owner. Except with approvalapproval by the Majority Lenders (or, in the case of an Initial Charter, all the Lenders), the relevant Owner shall not terminate or rescind any Charter Document or withdraw the relevant Ship from service under its Charter or Replacement the Charter or take any similar action.

Termination by Owner. Except with approvalapproval by the Majority Lenders, the relevant Owner shall not terminate or rescind any Charter Document or withdraw the relevant Ship from service under its Charter or Replacement the Charter or take any similar action.

Termination by Owner. Except with approval, the The relevant Owner shall not terminate or rescind any Charter Document or withdraw the relevant Ship from service under its Charter or Replacement the Charter or take any similar action, unless, prior to a Default, the relevant Owner has notified the Agent in writing prior to such action taking place or, after the occurrence of a Default, such action has been approved.

Termination by Owner. Except with approval, the relevant Owner shall not terminate or rescind any Charter Document or withdraw the relevant Ship from service under its Charter or Replacement the Charter or take any similar action.