Common use of Title to Modifications; Purchase Option for Severable Clause in Contracts

Title to Modifications; Purchase Option for Severable. Modifications. (i) Title to all Severable Modifications to the Vessel not ------------- required by any Governmental Rule or Governmental Action and not financed by Owner through the issuance of Additional Notes shall vest in Charterer or any Person designated by Charterer. Charterer may remove (or allow to be removed) any such Severable Modification prior to or, subject to Article 13(c)(iii), upon the expiration of the Charter Period.

Title to Modifications; Purchase Option for Severable. Modifications. (ii)(A) Title Subject to Section 8(c)(ii), title to all Severable ------------- Optional Modifications to the Vessel not ------------- required by any Governmental Rule or Governmental Action and not financed by Owner through the issuance of Additional Notes shall vest in the Charterer or any Person designated by the Charterer. The Charterer may remove (or allow to be removed) any such Severable Optional Modification prior to or, subject to Article 13(c)(iii), or upon the expiration of the Charter PeriodTerm.