Classification and repairs. The Borrower shall keep the Vessels in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 4 contracts
Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD), Second Amendment and Restatement Agreement (Gulfmark Offshore Inc), Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Classification and repairs. The Borrower shall keep or shall procure that the Vessels Vessel is kept in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 3 contracts
Samples: Assignment Agreement (DHT Holdings, Inc.), Assignment Agreement (DHT Holdings, Inc.), Assignment Agreement (Helix Energy Solutions Group Inc)
Classification and repairs. The Borrower Borrowers shall keep the Vessels in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
Classification and repairs. The Borrower shall keep each of the Vessels in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
Samples: General Geophysics Co
Classification and repairs. The Borrower shall keep the Vessels in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
Samples: Assignment Agreement (Nordic American Tanker Shipping LTD)
Classification and repairs. (a) The Borrower shall keep or shall procure that the Vessels Vessel is kept in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
Samples: Second Supplemental Agreement (KNOT Offshore Partners LP)
Classification and repairs. The Borrower Borrowers shall keep the First Vessels in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:: a) so as to maintain its class at the highest level with Det norske Veritas or another classification society approved by the Agent, free of overdue recommendations and qualifications; and
Appears in 1 contract
Classification and repairs. The Borrower shall, and shall procure that the Manager shall, keep or shall procure that the Vessels Vessel is kept in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
Classification and repairs. The Borrower procure that the Company shall keep the Vessels Vessel in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
Samples: B Plus H Ocean Carriers LTD
Classification and repairs. The Borrower shall procure that the Owning Companies shall keep the Vessels in a good, safe and efficient condition consistent with first class ownership and management practice and in particular:
Appears in 1 contract
