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
Samples: Participation 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 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
Samples: Pool Agreement (Toro Corp.), Pool Agreement (Toro Corp.)
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
Samples: Participation Agreement (Gener8 Maritime, Inc.), Pool Participation Agreement (Gener8 Maritime, Inc.)
