Assignment by the Charterer Sample Clauses

Assignment by the Charterer. The Charterer shall not have the right to assign this Charter or to subcharter the Vessel without the prior written consent of the Owner. Subject to the terms of applicable law, the Charterer shall have the right, without the consent of the Owner, so long as no Default or Event of Default shall have occurred and be continuing, to subcharter the Vessel on a bareboat or time basis to any Subsidiary of Reading & B▇▇▇▇ that is and remains throughout the term of such subcharter a Subsidiary of Reading & B▇▇▇▇ and a citizen of the United States within the meaning of the Shipping A▇▇, ▇▇▇▇, and to enter into, and to permit the Vessel to serve under, Drilling Contracts that comply with the terms hereof and the other Charter Documents (provided no such Drilling Contract constitutes a demise or a bareboat charter or any grant of any property right or other interest in the Vessel between the Charterer and others) provided that: (a) each such subcharter and Drilling Contract shall be consistent with the terms of this Charter and the subcharterer shall have agreed not further to subcharter the Vessel without complying with this Section 16.2 with respect to such further subcharter; (b) either (i) the subcharterer under such subcharter or the customer under a Drilling Contract is a citizen of the United States within the meaning of the Shipping Act, 1916 and evidence thereof satisfactory to the Owner in its sole judgment shall be submitted to the Owner within 30 days of entering into such subcharter, (ii) the prior approval of the U.S. Maritime Administration under the Shipping Act, 1916 of such subcharter, in form satisfactory to the Owner in its sole judgment, shall have been obtained and, within 30 days of entering into such subcharter or Drilling Contract, evidence thereof satisfactory to the Owner in its sole judgment, shall have been submitted to the Owner or (iii) such subcharter or Drilling Contract shall be covered by a general approval of the U.S. Maritime Administration under sections 9 and 37 or any other applicable sections of the Shipping Act, 1916 and the Charterer shall have given written notice to the Owner to that effect, which notice shall set forth in reasonable detail the facts which establish such coverage with respect to such subcharter or Drilling Contract; (c) such subcharter or Drilling Contract shall not violate any laws of the United States of America or any regulations, rules, interpretations or orders thereunder; (d) irrespective of any such...
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Related to Assignment by the Charterer

  • Assignment by the Company The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or in part, by the Company without the prior written consent of the Investor.

  • Assignment by the Seller The Seller shall assign (exclusive of the Seller’s rights arising under Section 8.02(iii) and 8.03), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement.

  • Assignment by the Seller or the Servicer Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.04 and 7.03 of this Agreement and as provided in the provisions of this Agreement concerning the resignation or termination of the Servicer, this Agreement may not be assigned by the Seller or the Servicer.

  • Assignment by the Depositor or the Servicer Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.04 and 7.03 herein and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by the Depositor or the Servicer.

  • Assignment by Seller The Seller shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of the Servicer’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of the Seller under this Agreement. All references to the Seller in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.