Common use of CLASSIFICATION STATUS Clause in Contracts

CLASSIFICATION STATUS. The Buyer and EIAC shall have received a certificate issued by the Classification Society of each Vessel dated as of the Closing Date stating that such Vessel maintains its class free of overdue recommendations affecting class.

Appears in 4 contracts

Sources: Share Purchase Agreement (Energy Infrastructure Acquisition Corp.), Share Purchase Agreement (Energy Infrastructure Acquisition Corp.), Share Purchase Agreement (Energy Infrastructure Merger CORP)