Common use of Vessel’s employment Clause in Contracts

Vessel’s employment. The Vessel will not on or before the Delivery Date thereof be subject to any charter or contract other than the Time Charter or to any agreement to enter into any charter or contract which, if entered into after the date of the Mortgage would have required the consent of the Agent or Security Trustee and on the Delivery Date thereof there will not be any agreement or arrangement whereby the Earnings may be shared with any other person.

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.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.