Common use of Charterparty Assignment Clause in Contracts

Charterparty Assignment. If the Borrower enters into any Approved Charter, the Borrower shall at the request of the Lender execute in favour of the Lender (and register, if applicable) a Charterparty Assignment in respect of such Approved Charter, and shall deliver to the Lender any documents in relation thereto which the Lender may require.

Charterparty Assignment. If the Borrower enters into any Approved a Charter, the Borrower it shall at the request of the Lender Lender, execute in favour of the Lender (and register, if applicable) in favour of the Lender, a Charterparty Assignment in respect of such Approved Charter, and shall deliver to the Lender any documents in relation thereto which the Lender may requirerequire (included, but not limited to documents equivalent to those referred to at paragraphs 3, 4 and 5 of Schedule 2, Part A).