Common use of Class confirmation Clause in Contracts

Class confirmation. evidence from the Classification Society that the steel cutting of the Ship relevant to such Contract Instalment Advance has commenced (in the case of the second Contract Instalment Advance for such Ship) or that the keel laying of such Ship has taken place (in the case of the third Contract Instalment Advance for such Ship) or that the launching of such Ship has been completed (in the case of the fourth Contract Instalment Advance for such Ship), in each case to its satisfaction; any such further opinion as may be required by the Agent; and such other conditions as may be required by the Agent.

Class confirmation. evidence from the Classification Society that the steel cutting of the Borrower Ship relevant to such Contract Instalment Advance has commenced (in the case of the second Contract Instalment Advance for such Borrower Ship) or that the keel laying of such Borrower Ship has taken place (in the case of the third Contract Instalment Advance for such Borrower Ship) or that the launching of such Borrower Ship has been completed (in the case of the fourth Contract Instalment Advance for such Borrower Ship), in each case to its satisfaction; any such further opinion as may be required by the Agent; and such other conditions as may be required by the Agent.

Class confirmation. evidence from the Classification Society that the cutting of the first steel cutting plate of the Ship relevant to such Contract Instalment Advance has commenced been carried out (in the case of the second Contract Instalment Advance for such Ship) or that the keel laying of such Ship has taken place been carried out (in the case of the third Contract Instalment Advance for such Ship) or that the launching of such Ship has been completed carried out (in the case of the fourth Contract Instalment Advance for such Ship), in each case to its satisfaction; any such further opinion as may be required by the Agent; and such other conditions as may be required by the Agent.;