Common use of Confirmation of class Clause in Contracts

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that that Tasman Collateral Vessel (other than the ▇▇▇▇▇▇ Vessel, the Barentsz Vessel and the Drake Vessel) is classed with the highest class applicable to vessels of her type with Lloyd’s Register or such other classification society as may be acceptable to the Agent free of all overdue recommendations;

Appears in 1 contract

Sources: Loan Agreement (Poseidon Containers Holdings Corp.)

Confirmation of class. A Certificate of Confirmation of Class for hull and machinery confirming that that Tasman Collateral Vessel (other than the ▇▇▇▇▇▇ Vessel, the Barentsz Vessel and the Drake Vessel) is classed with the highest class applicable to vessels of her type with Lloyd’s Register or such other classification society as may be acceptable to the Agent Lender free of all overdue recommendations;

Appears in 1 contract

Sources: Loan Agreement (Poseidon Containers Holdings Corp.)