Charterparty Assignment definition

Charterparty Assignment means, in relation to a Ship, the deed of assignment of any Charterparty in favour of the Security Trustee, in such form as the Lenders may approve or require;

Charterparty Assignment means, in relation to an Assignable Charter, an assignment of the rights of the Borrower who is a party to that Assignable Charter under that Assignable Charter and any guarantee of such Assignable Charter executed or to be executed by that Borrower in favour of the Security Trustee in the Agreed Form and, in the plural, means all of them;

Charterparty Assignment means, in relation to an Assignable Charter, a first priority assignment of the rights of the relevant Borrower under that Assignable Charter and any related Charter Guarantee executed or to be executed by that Xxxxxxxx in favour of the Security Agent in agreed form.

Examples of Charterparty Assignment in a sentence

• If a Borrower enters into any Charterparty, that Borrower shall, at the request of the Agent, execute in favour of the Security Trustee a Charterparty Assignment, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Part A and 6 of Part B of Schedule 3 hereof as the Agent may require.

• Other public transport improvements include improved bus stop facilities as part of the development and the possible introduction of new bus routes and services.

• If the Owner enters into any Future Charterparty, the Borrower shall, at the request of the Lender, procure that the Owner executes in favour of the Lender a Charterparty Assignment in respect of that Charterparty, and shall deliver to the Lender such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 2, Part A as the Lender may require.

• If any Owner enters into any Future Charterparty in respect of its Ship that Owner shall, at the request of the Agent, execute, or, as the case may be, procure the execution in favour of the Security Trustee of a Charterparty Assignment in respect of that Future Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 4, Part A as the Agent may require.

• If any Owner enters into any Future Charterparty in respect of its Ship, the Borrower shall, at the request of the Agent, procure that that Owner executes in favour of the Security Trustee a Charterparty Assignment in respect of that Charterparty, and shall deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 4, Part A as the Agent may require.

More Definitions of Charterparty Assignment

Charterparty Assignment means, in relation to:

Charterparty Assignment means an assignment of a Charter executed or to be executed by the Owner in favour of the Lender in the Agreed Form;

Charterparty Assignment means, in relation to a Charterparty, a specific deed of assignment of the rights, title and interests of the Owner in respect of that Charterparty in such form as the Lender may approve or require;

Charterparty Assignment means, in respect of a Charter and any guarantee of that Charter (to the extent that such guarantee is available), an assignment of the rights and interests of the Borrower which is party to that Charter in respect of that Charter and any related guarantee (to the extent that such guarantee is available) to be executed by that Borrower in favour of the Security Trustee in the Agreed Form;

Charterparty Assignment means the assignment of any Charterparty, in favour of the Lender, in form and substance satisfactory to the Lender as the same may from time to time be amended and/or supplemented;

Charterparty Assignment means, in relation to a Vessel, an assignment of the rights of its Owner under any Assignable Charterparty and any guarantee of such Assignable Charterparty executed or to be executed by its Owner in favour of the Lender and the acknowledgement of notice of the assignment in respect of such Assignable Charterparty to be obtained (on best effort basis by its Owner) in form and substance as the Lender may approve or require, as the same may from time to time be amended and/or supplemented and, “Charterparty Assignments” means all of them;

Charterparty Assignment means, in relation to each Ship, the first priority assignment of the rights of the Owner of that Ship under any Charterparty to which that Ship may be subject at any time during the Security Period executed or to be executed by the relevant Owner in favour of the Lender in the Agreed Form and, in the plural, means all of them;