Assignment of Charter Clause Samples

Assignment of Charter. [VESSEL]
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Assignment of Charter. 54 16.1 Assignment and Subcontract by the Owner 54 16.2 Assignment by the Charterer 55 16.3 Assignment of Subcharter Hire 57
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Assignment of Charter. The Company will not assign its --------------------- rights under Article 20(c) of either of the Charters to which it is a party unless the assignee enters into a supplement to this Agreement pursuant to which it shall agree to fulfill the obligations of the Company hereunder.
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Assignment of Charter. We have also examined provisions of Panamanian laws and regulations as we have deemed relevant. In issuing this opinion, we have assumed the following: (i) the due organization, existence and good standing of all of the parties to the Transaction Documents and the sufficiency of their individual, corporate or limited liability company, as the case may be, capacity to enter into, be bound by and perform their respective rights and obligations under such deeds or contracts; (ii) the taking of all necessary corporate or other action by all of the parties to the Transaction Documents to enter into said deeds or contracts and to be bound thereby in accordance with their respective terms other than such corporate actions required by the laws of Panama; (iii) the conformity of all material terms with the original executed documents of all documents submitted to us as drafts or copies; and (iv) the genuineness of all signatures not placed before us or recognized to be authentic before a Panamanian Notary Public or ultimately before a Panamanian Consul. Based on the foregoing, we are of the following opinions: 1. The vessel Seillean is registered in the name of TRB Holding Corporation. 2. The Ship Mortgage, the Assignment of Charter and the Loan Agreement, are valid binding and enforceable as between the parties thereto in accordance with their respective terms, subject to limitations imposed by bankruptcy, insolvency, reorganization or other laws affecting creditors rights generally. 3. The Ship Mortgage has been preliminary registered the Panama Public Registry, (Microfilm) Mercantile Section, at Microjacket ___________, Frame _____, since __________________, 1997. As a result of said preliminary registration, the Ship Mortgage constitutes a first naval mortgage lien on the Vessel fully effective against third parties and, except as hereinafter provided, having priority over all other liens or privileges on the Vessel, and it shall continue to constitute such a first naval mortgage lien as of the date of preliminary registration so long as the Ship Mortgage is filed for definite registration within six months of the said date of preliminary registration and the definite registration is completed. By statute, the following liens or privileges have priority over the naval mortgage: (a) Amounts due the Panamanian government for the Annual Tax of the Vessel; (b) Court costs incurred in the common interest of maritime creditors;
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Assignment of Charter upon the entry by the Borrower into any charter in respect of the Vessel with a duration of twelve (12) months or more, execute a Charter Assignment in respect of such charter;
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Assignment of Charter. Each Borrower undertakes, immediately upon the execution of any Charter, to execute and deliver to the Security Agent a specific assignment of that Charter in form and substance satisfactory to the Security Agent together with (i) all other documents required by it, including without limitation all notices of assignment and evidence that those notices will be duly acknowledged by the recipients and (ii) the documents referred to in paragraphs 2(vii), 3 and 4(b) of Schedule 2, Part 1, and such other documents as the Security Agent may reasonably require.
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Assignment of Charter. The Company will not assign its --------------------- rights under Article 20
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Assignment of Charter 
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Related to Assignment of Charter

  • Assignment of Contract A. No assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • Assignment of Contracts GSAM agrees to assign (or cause to be assigned) to GSRP or OpCo without recourse, representation or warranty (except as expressly set forth in this Agreement), all of GSAM’s or such Affiliate’s right, title and interest in and to, and GSRP agrees to assume, or cause OpCo to agree to assume, the obligations of GSAM or such Affiliate’s obligations under, each of the Contracts set forth on Section 6.18 of the GSRP Disclosure Letter (collectively the “Assigned Contracts”), pursuant to documentation (the “Assigned Contracts Documentation”) in form and substance consistent with this Section 6.18 and otherwise in form and substance satisfactory to the Parties. GSAM has made available, or caused to be made available, to GSRP true and correct copies of the Assigned Contacts. Except as provided below, GSAM shall remain responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSRP from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period prior to the Closing. GSRP shall be responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period on or after the Closing. Notwithstanding the second preceding sentence, in the case of any Assigned Contract that prior to the Closing was for the benefit of the GSRP Entities, from and after the Closing GSRP shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities, related to or arising from such Assigned Contract, to the extent GSRP is required to do so under the Management Agreement. Without limiting the foregoing, OpCo shall remain responsible for, and shall pay and discharge when due all Liabilities that constitute Company Expenses (as defined in the OpCo LLC Agreement) that were incurred prior to the Closing.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement: (i) This Agreement may only be transferred through a book entry system maintained by Principal Life, or an agent designated by it, within the meaning of Temporary Treasury Regulations Section 5f.103-1(c) and Treasury Regulations Section 1.871-14(c)(1)(i). (ii) The Agreement Holder, and any assignee, must comply with applicable securities laws. (iii) Principal Life has consented in writing to the proposed assignment, such consent not to be unreasonably withheld. (iv) Principal Life shall have received from the proposed assignee a duly executed certificate containing, in substance, the information, representations, warranties, acknowledgments and agreements set forth in this Agreement. Any attempted sale, transfer, anticipation, assignment, hypothecation, or alienation not in accordance with this Section 6 shall be void and of no effect. Until such time, if any, as Principal Life has consented in writing to a proposed assignment, Principal Life shall not be obligated to make any payments to or at the direction of anyone other than the person shown on Principal Life’s books and records as the Agreement Holder. Once the foregoing conditions have been satisfied with respect to an assignment, the assignee or its successor shall be deemed to be the sole Agreement Holder for all purposes of this Agreement and Principal Life shall promptly amend its records to reflect the assignee’s status as Agreement Holder.

  • Assignment of Agreements Each applicable Borrower shall have executed and delivered to Lender the Assignments of Agreements, and the Assignments of Agreements shall, to the extent prudent pursuant to local practice, have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.