Common use of CHANGE OF OWNERSHIP CLAUSE Clause in Contracts

CHANGE OF OWNERSHIP CLAUSE. Owners warrant that for the duration of this Charter (i) the Owners shall remain the sole owners of the vessel and Arlington Tankers Ltd. shall remain the direct legal and beneficial owner of the Owners, (ii) there will be no change in the technical management of the vessel other than changes pursuant to Section 3 of the Agreement, dated the date hereof between Stena AB and the Owners, and (iii) there will be no change in the flag or registry of the vessel.

CHANGE OF OWNERSHIP CLAUSE. Owners warrant that for the duration of this Charter (i) the Owners shall remain the sole owners of the vessel and Arlington Tankers Ltd. shall remain the direct legal and beneficial owner of the Owners, (ii) there will be no change in the technical management of the vessel other than changes pursuant to Section 3 of the Agreement, dated the date hereof hereof, between Stena AB and the Owners, and (iii) there will be no change in the flag or registry of the vessel.

CHANGE OF OWNERSHIP CLAUSE. Owners warrant that for the duration of this Charter (i) the Owners shall remain the sole owners of the vessel and Arlington Tankers Tankers, Ltd. shall remain the direct legal and beneficial owner of the Owners, (ii) there will be no change in the technical management of the vessel other than changes pursuant to Section 3 of the Agreement, dated the date hereof between Stena AB and the Owners, and (iii) there will be no change in the flag or registry of the vessel.