Common use of Charterparty Assignment Clause in Contracts

Charterparty Assignment. If Borrower enters into any Charter (subject to obtaining the consent of the Agent in accordance with Clause ( on chartering, appointment of managers etc .)), that Borrower shall at the request of the Agent execute in favour of the Security Trustee (and register, if applicable) a Charterparty Assignment and shall: (a) serve notices of the Charterparty Assignment on the Charterer and procure that the Charterer acknowledges such notice in such form as the Agent may approve or require; and (b) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, and 5 of 0 ( ), as the Agent may require.

Charterparty Assignment. If if a Borrower enters into any Approved Charter (subject to obtaining the consent of the Agent in accordance with Clause ( on chartering, appointment of managers etc .14.13(b)), that Borrower shall at the request of the Agent execute in favour of the Security Trustee (and register, if applicable) a an Approved Charterparty Assignment and shall: (a) serve notices of the Approved Charterparty Assignment on the Approved Charterer and procure that the Approved Charterer acknowledges such notice in such form as the Agent may approve or require; and (b) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of 0 ( )Schedule 3, Part A as the Agent may require.

Charterparty Assignment. If a Borrower enters into any Approved Charter (subject to obtaining the consent of the Agent in accordance with Clause ( on chartering, appointment of managers etc .14.13(b)), that Borrower shall at the request of the Agent execute in favour of the Security Trustee (and register, if applicable) a an Approved Charterparty Assignment and shall: (a) serve notices of the Approved Charterparty Assignment on the Approved Charterer and procure that the Approved Charterer acknowledges such notice in such form as the Agent may approve or require; and (b) deliver to the Agent such other documents equivalent to those referred to at paragraphs 3, 4 and 5 of 0 ( )Schedule 3, Part A as the Agent may require.