Common use of Confirmation of class Clause in Contracts

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that the Vessel is classed with the highest class applicable to vessels of its type with Det Norske Veritas or such other classification society as may be acceptable to the Agent.

Appears in 1 contract

Sources: Letters of Credit Facility Agreement (NCL CORP Ltd.)

Confirmation of class. A In respect of each Collateral Vessel, a Certificate of Confirmation of Class for hull and machinery confirming that the relevant Collateral Vessel is classed with the highest class applicable to vessels of its her type with Det Norske Veritas or such other classification society as may be acceptable to the AgentLender free of recommendations affecting class.

Appears in 1 contract

Sources: Secured Loan Facility Agreement (EuroDry Ltd.)

Confirmation of class. A Certificate certificate of Confirmation confirmation of Class class for hull and machinery confirming that the each New Collateral Vessel is classed with the highest class applicable to vessels of its her type with Det Norske Veritas Lloyd’s Register or such other classification society as may be acceptable to the AgentAgent free of any recommendations or qualifications affecting class, unless otherwise agreed by the Agent in writing.

Appears in 1 contract

Sources: Secured Loan Facility Agreement (DryShips Inc.)

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that the each Vessel is classed with the highest class applicable to vessels of its her type with Det Norske Veritas Lloyd’s Register or such other classification society as may be acceptable to the AgentAgent free of recommendations affecting class.

Appears in 1 contract

Sources: Loan Agreement (Safe Bulkers, Inc.)

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that the Vessel is classed with the highest class applicable to vessels of its her type with Det Norske Veritas Lloyd's Register, AB or such other classification society as may be acceptable to the Agent.

Appears in 1 contract

Sources: Secured Term Loan Facility (DHT Holdings, Inc.)

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that the each Vessel is classed with the highest class applicable to vessels of its her type with Det Norske Veritas Lloyd's Register of Shipping or such other classification society as may be acceptable to the Agent.

Appears in 1 contract

Sources: Loan Facility Agreement (Mc Shipping Inc)

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that the each Vessel is classed with the highest class applicable to vessels of its her type with Det Norske Veritas Lloyd's Register or such other classification society as may be acceptable to the AgentAgent free of recommendations affecting class.

Appears in 1 contract

Sources: Loan Agreement (Safe Bulkers, Inc.)