Examples of conditional sale agreement in a sentence
In the event that the Head Lease shall ------------------------- have terminated in circumstances where the U.K. Lessor is obliged to conclude the sale of the Vessel or its rights under the Conditional Sale Agreement, the parties shall have no obligation under Article 18(c), and any proceeds from such sale to which the Owner is entitled shall be applied against the obligations of the Charterer in respect of the payment of Termination Value under Article 14 or 23(b), as applicable.
The Vessel is, and the Shipowner covenants that ------------- it will remain, duly documented in the name of the Shipowner as owner thereof under the laws and flag of the _______________________, free and clear of all Liens and encumbrances except Permitted Liens, which include but are not limited to, the rights of the U.K. Lessor under the Conditional Sale Agreement and the Head Lease, so long as either document is in full force and effect.
If the Conditional Sale Agreement ----------------------------- and the Head Lease shall cease to be in full force and effect, this Mortgage shall be read and construed as though such documents were not mentioned herein.
Purchaser and Seller understand that certain commercial and financial information contained in this Agreement and each other Conditional Sale Agreement is considered by Purchaser and Seller as privileged and confidential.
In connection with any permitted disclosure of the terms and conditions of or the existence of this Agreement and each other Conditional Sale Agreement or the agreements contained herein to any person or entity, Purchaser or Seller, as the case may be, and such party's agents and advisers, shall request, and shall use reasonable efforts to obtain, confidential treatment of such information.