Common use of Access to class records Clause in Contracts

Access to class records. due authorisation in form and substance satisfactory to the Lender authorising the Lender to have access and/or obtain any copies of class records or other information at its discretion from the Classification Society of the Vessel, provided however, that the Lender shall not exercise such right unless and until an Event of Default has occurred and is continuing;

Appears in 2 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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Access to class records. due authorisation in form and substance satisfactory to the Lender authorising the Lender to have access and/or obtain any copies of class records or other information at its discretion from the Classification Society of the each Vessel, provided however, that the Lender shall not exercise such right unless and until an Event of Default has occurred and is continuing;

Appears in 1 contract

Samples: Seanergy Maritime Holdings Corp.

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Access to class records. due authorisation from the Borrower in form and substance satisfactory to the Lender authorising the Lender to have access and/or obtain any copies of class records or other information at its discretion from the Classification Society of the Vessel, provided however, that the Lender shall not exercise such right unless and until an Event of Default has occurred and is continuing;

Appears in 1 contract

Samples: Agreement (Pangaea Logistics Solutions Ltd.)

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