Termination of Time Charter. the Time Charter is terminated by the Borrower or the Time Charterer following the occurrence of a breach of the Time Charter entitling it to take such action or is cancelled or becomes frustrated for any reason whatsoever unless the Borrower has within 30 days of the date of such occurrence entered into a replacement time charter and with a new time charterer in each case in all respects satisfactory to the Agent (acting on the instructions of all Lenders); or
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
