Examples of Nominated Vessel in a sentence
If the Nominated Vessel is sold, transferred or disposed of during the Term without the approval of the Operator, the Client shall remain liable for all Charges and this Agreement shall continue to apply unless and until all Charges owed to the Operator at the relevant time are paid in full and the new Owner undertakes to be bound by the terms of this Agreement or a new Agreement is put in place between the Operator and the new Owner.
Subject to clause 7.5, all Charges are due for payment on the earlier of the 20th day of the month following the date of the invoice OR the date that the Nominated Vessel is scheduled to be released from the Berth (as applicable).
Each notice under this Agreement (excluding any direction or communication of an operational nature by the Operator to the Client or to the Client's Representatives but including any notice to the Owner under clause 10.3 in relation to the sale of the Nominated Vessel) shall be in writing and delivered personally or sent by post or email.
The Client further acknowledges and agrees that, unless it expressly requires the Operator, in writing, not to do so, the Operator and its employees and agents may take and use video footage and photography of the Nominated Vessel for advertising and marketing purposes.
The Client will do (and will procure that the Owner does) all things reasonably requested by the Operator for the Operator to perfect its security interest in the Nominated Vessel.