Ships' names and registration Clause Samples
The 'Ships’ names and registration' clause establishes the requirement for identifying the vessels involved in a contract by specifying their official names and registration details. In practice, this clause ensures that each ship is clearly designated, often including information such as the flag state, registration number, and port of registry. By providing these details, the clause helps prevent confusion or disputes over which vessel is subject to the contract, thereby ensuring clarity and legal certainty in maritime agreements.
Ships' names and registration. Each Borrower shall, in respect of the Ship owned by it:
(a) keep that Ship registered in its name under the Approved Flag from time to time at its port of registration;
(b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled;
(c) not enter into any dual flagging arrangement in respect of that Ship; and
Ships' names and registration. Each Borrower shall, in respect of the Ship owned by it:
(a) keep that Ship registered in its name under the Approved Flag from time to time at its port of registration;
(b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled;
(c) not enter into any dual flagging arrangement in respect of that Ship; and
(d) not change the name of that Ship, provided that any change of flag of a Ship shall be subject to:
(i) that Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on that Ship and, if appropriate, a first priority Deed of Covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage and, if applicable, related Deed of Covenant and on such other terms and in such other form as the Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require; and
(ii) the execution of such other documentation amending and supplementing the Finance Documents as the Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require.
Ships' names and registration. Each Guarantor shall:
(a) keep the Ship owned by it registered in its name under an Approved Flag;
(b) not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and
(c) not change the name of the Ship owned by it without the Agent's prior written consent, such consent not to be unreasonably withheld.
Ships' names and registration. Each Borrower shall, in respect of the Ship owned by it:
Ships' names and registration. The Borrower and each Guarantor shall, in respect of the Ship owned by it:
(a) keep that Ship registered in its name under the Approved Flag from time to time at its port of registration; (b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled; (c) not enter into any dual flagging arrangement in respect of that Ship, without the consent of the Majority Lenders; and (d) not change the name of that Ship, provided that any agreed change of name or flag of a Ship shall be subject to: (i) that Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on that Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage on that Ship and if relevant related Deed of Covenant and on such other terms and in such other form as the Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require; and (ii) the execution of such other documentation amending and supplementing the Finance Documents as the Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require.
Ships' names and registration. In respect of each Ship, the Borrowers shall:
(a) keep that Ship registered in its name under the Approved Flag from time to time at its port of registration;
(b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled; and
(c) not change the name of that Ship, provided that any change of flag of that Ship shall be subject to:
(i) that Ship remaining subject to Security securing the Secured Liabilities created by a first priority or preferred ship mortgage on that Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority Security) on substantially the same terms as the Mortgage and on such other terms and in such other form as the Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require; and
(ii) the execution of such other documentation amending and supplementing the Finance Documents as the Facility Agent, acting with the authorisation of the Majority Lenders, shall approve or require.
Ships' names and registration. Each Borrower shall, in respect of the Ship owned by it:
(a) keep that Ship registered in its name under the Approved Flag from time to time at its port of registration;
(b) not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperilled;
(c) not enter into any dual flagging arrangement in respect of that Ship; and
(d) not change the name of that Ship, any agreed change of name or flag of a Ship shall be subject to:
(i) that Ship remaining subject to Security securing the Secured Liabilities created by
Ships' names and registration. (a) Each Debtor shall, in respect of the Collateral Ship owned by it:
(i) to the extent such Collateral Ship is, or shall become, capable of registration, immediately register and keep that Collateral Ship registered in its name under the Approved Jurisdiction from time to time at its port of registration;
(ii) to the extent such Collateral Ship is capable of registration, not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperiled; and
(iii) not change the name of that Collateral Ship, provided that any change of flag of a Collateral Ship shall be subject to: 168776.01000/150917043v.5
(A) that Collateral Ship remaining subject to a lien in favor of the Agent securing the Secured Obligations created by a first priority or preferred ship mortgage on that Collateral Ship and, if appropriate, a first priority deed of covenant collateral to that mortgage (or equivalent first priority lien) on substantially the same terms as the Collateral Ship Mortgage on that Collateral Ship and related Deed of Covenant and on such other terms and in such other form as the Agent shall approve or require; and
(B) the execution of such other documentation amending and supplementing the Transaction Documents as the Agent shall approve or require.
(b) In respect of any AUV, if such AUV shall become capable of registration, the Debtor owning such AUV shall immediately register such AUV in its name under an Approved Jurisdiction and shall not do or allow to be done anything as a result of which such registration might be suspended, cancelled or imperiled.