Total Loss. 18.1 In the event of a total loss or constructive total loss of the Vessel, the Vessel’s participation in the Pool shall be deemed to be terminated at noon on the day of her loss or, should the Vessel be missing, at noon on the day on which she was last heard of.
Appears in 9 contracts
Sources: Pool Agreement (Gener8 Maritime, Inc.), Pool Agreement (Gener8 Maritime, Inc.), Pool Agreement (Gener8 Maritime, Inc.)
Total Loss. 18.1 19.1 In the event of a total loss constructive, compromised or constructive total loss of the a Pool Vessel, the a Pool Vessel’s participation in the Pool shall be deemed to be terminated at noon on the day of her loss or, should the Pool Vessel be missing, at noon on the day on which she was last heard of.
Appears in 4 contracts
Sources: Pool Agreement (AI OKTO Corp.), Pool Agreement (AI OKTO Corp.), Pool Agreement (Robin Energy Ltd.)
Total Loss. 18.1 20.1 In the event of a total loss or constructive total loss of the Vessel, the Vessel’s participation in the Pool shall be deemed to be terminated at noon on the day of her loss or, should the Vessel be missing, at noon on the day on which she was last heard of.
Appears in 2 contracts
Sources: Pool Agreement (Gener8 Maritime, Inc.), Pool Agreement (Gener8 Maritime, Inc.)
Total Loss. 18.1 19.1 In the event of a total loss or constructive total loss of the Vessel, the Vessel’s participation in the Pool shall be deemed to be terminated at noon on the day of her loss or, should the Vessel be missing, at noon on the day on which she was last heard of.
Appears in 2 contracts
Sources: Pool Agreement (Toro Corp.), Pool Agreement (Toro Corp.)