Common use of Challenge to registration Clause in Contracts

Challenge to registration. If the registration of any Collateral Vessel or any Original Fleet Mortgage (or replacement mortgage) becomes void or voidable or liable to cancellation or termination.

Appears in 1 contract

Sources: Multicurrency Facility Agreement (Gulfmark Offshore Inc)

Challenge to registration. If the registration of any Collateral Vessel or any Original Fleet Mortgage (or replacement mortgage) becomes void or voidable or liable to cancellation or termination.

Appears in 1 contract

Sources: Facility Agreement (Gulfmark Offshore Inc)