Common use of Underlying Documents Clause in Contracts

Underlying Documents. Any Underlying Document (other than the Shipbuilding Contract, the Refund Guarantee, the ▇▇▇▇▇ Performance Guarantee or the Charter) is cancelled, prematurely terminated, frustrated, or rescinded for any reason whatsoever or any party is in breach of its obligations under such Underlying Document and this could in the reasonable opinion of the Majority Lenders be expected to have a Material Adverse Effect.

Underlying Documents. Any Underlying Document (other than the Shipbuilding Contract, the Refund Guarantee, the ▇R▇▇▇▇ Performance Guarantee or the Charter) is cancelled, prematurely terminated, frustrated, or rescinded for any reason whatsoever or any party is in breach of its obligations under such Underlying Document and this could in the reasonable opinion of the Majority Lenders be expected to have a Material Adverse Effect.