Common use of Vessels Clause in Contracts

Vessels. Each of the US Vessels is duly documented in the name of its respective owner under the law and flag of the United States and is entitled to engage in the coastwise trade of the United States. Each of the Cdn. Vessels is duly documented in the name of its respective owner under the law and flag of Canada and is entitled to engage in the coastwise trade of Canada.

Appears in 4 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Acquisition CORP), Credit Agreement (Rand Logistics, Inc.)

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Vessels. Each of the US Vessels is duly documented in the name of its respective owner under the law and flag of the United States and is entitled to engage in the coastwise trade of the United States. Each of the Cdn. Vessels is duly documented in the name of its respective owner under the law and flag of Canada and Canada, is entitled to engage in the coastwise trade of CanadaCanada and holds all certificates which are required for each Vessel to operate as contemplated herein.

Appears in 2 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

Vessels. Each of the US Vessels is duly documented in the name of its respective owner under the law and flag of the United States and is entitled to engage in the coastwise trade of the United States. Each of the Cdn. Vessels is duly documented in the name of its respective owner under the law and flag of Canada and Canada, is entitled to engage in the coastwise coasting trade of CanadaCanada and holds all certificates which are required for each Vessel to operate as contemplated herein except the Manitoulin, until such time as the Conversion described in Section 5.15 is completed.

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

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Vessels. Each of the US Vessels is duly documented in the name of its respective owner under the law and flag of the United States and and, except with respect to the Maumee, is entitled to engage in the coastwise trade of the United States. Each of the Cdn. Vessels is duly documented in the name of its respective owner under the law and flag of Canada and is entitled to engage in the coastwise trade of Canada.

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

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