Common use of CHANGE OF OWNERSHIP CLAUSE Clause in Contracts

CHANGE OF OWNERSHIP CLAUSE. The Owners agree not to sell the Vessel during the currency of this Time Charter without the written approval of the Charterers which approval may withheld in the Charterers’ sole discretion. For purposes of this Clause 46, any sale, assignment, transfer, conveyance or disposition of the shares of the Owners, directly or indirectly through intermediate holding companies, by its sole shareholder, Ship Finance International Limited, to any third party not controlled by Ship Finance International Limited shall be deemed a sale of the Vessel.

CHANGE OF OWNERSHIP CLAUSE. The Owners agree not to sell the Vessel during the currency of this Time Charter without the written approval of the Charterers which approval may be withheld in the Charterers’ ' sole discretion. For purposes of this Clause 46, any sale, assignment, transfer, conveyance or disposition of the shares of the Owners, directly or indirectly through intermediate holding companies, by its sole shareholder, Ship Finance International Limited, to any third party not controlled by Ship Finance International Limited controlled, shall be deemed a sale of the Vessel.