Common use of CONDITIONS TO DUAL REGISTRATION Clause in Contracts

CONDITIONS TO DUAL REGISTRATION. Upon suspension of the use of the flag of the Primary Flag State and commencement of the use of the flag of the Secondary Flag State, the Borrower shall deliver or procure the delivery to the Agent of the following documents and/or evidence:- (i) evidence that the Secondary Flag State shall be an Approved Flag State; (ii) an opinion satisfactory to the Agent from lawyers qualified or accustomed to advise on the laws of the Primary Flag State and the Secondary Flag State that the Dual Registration is permitted by their respective laws for the duration of the relevant charter period or a specified part thereof and that the Ship Mortgage over the relevant Ship or (as the case may be) the Linkspan Mortgage over the relevant Linkspan and the relevant Shipowner's title thereto remain duly registered under the laws of the Primary Flag State following the Dual Registration and that on termination of the charter by virtue of which the Ship or Linkspan is registered in the Secondary Flag State or a judicial sale of the Ship or Linkspan the Dual Registration will be terminated without delay and without any discretionary consents from authorities in the Secondary Flag State; (iii) if the laws of the Secondary Flag State require that the Ship Mortgage or Linkspan Mortgage be noted or registered against the Ship or Linkspan (as the case may be) in the Secondary Flag State, evidence reasonably satisfactory to the Agent that such notation or registration will be effected upon or within an appropriate period following commencement of the Dual Registration and the obligations of the Agent and the Security Agent under Clause 23.12(E) shall be subject to the condition that the Agent has received all of such documents and evidence.

CONDITIONS TO DUAL REGISTRATION. Upon suspension of the use of the flag of the Primary Flag State and commencement of the use of the flag of the Secondary Flag State, the Borrower Borrowers 120 shall deliver or procure the delivery to the Agent of the following documents and/or evidence:- (i) evidence that the Secondary Flag State shall be an Approved Flag State; (ii) an opinion satisfactory to the Agent from lawyers qualified or accustomed to advise on the laws of the Primary Flag State and the Secondary Flag State that the Dual Registration is permitted by their respective laws for the duration of the relevant charter period or a specified part thereof and that the Ship Mortgage over the relevant Ship or (as the case may be) the Linkspan Mortgage over the relevant Linkspan and the relevant Shipowner's title thereto remain duly registered under the laws of the Primary Flag State following the Dual Registration and that on termination of the charter by virtue of which the Ship or Linkspan is registered in the Secondary Flag State or a judicial sale of the Ship or Linkspan the Dual Registration will be terminated without delay and without any discretionary consents from authorities in the Secondary Flag State; (iii) if the laws of the Secondary Flag State require that the Ship Mortgage or Linkspan Mortgage be noted or registered against the Ship or Linkspan (as the case may be) in the Secondary Flag State, evidence reasonably satisfactory to the Agent that such notation or registration will be effected upon or within an appropriate period following commencement of the Dual Registration and the obligations of the Agent and the Security Agent under Clause 23.12(E) shall be subject to the condition that the Agent has received all of such documents and evidence.

CONDITIONS TO DUAL REGISTRATION. Upon suspension of the use of the flag of the Primary Flag State and commencement of the use of the flag of the Secondary Flag State, the Borrower shall deliver or procure the delivery to the Agent of the following documents and/or evidence:- (i) evidence that the Secondary Flag State shall be an Approved Flag State; (ii) an opinion satisfactory to the Agent from lawyers qualified or accustomed to advise on the laws of the Primary Flag State and the Secondary Flag State that the Dual Registration is permitted by their respective laws for the duration of the relevant charter period or a specified part thereof and that the Ship Mortgage over the relevant Ship or (as the case may be) the Linkspan Mortgage over the relevant Linkspan and the relevant Shipowner's title thereto remain duly registered under the laws of the Primary Flag State following the Dual Registration and that on termination of the charter by virtue of which the Ship or Linkspan is registered in the Secondary Flag State or a judicial sale of the Ship or Linkspan the Dual Registration will be terminated without delay and without any discretionary consents from authorities in the Secondary Flag State; (iii) if the laws of the Secondary Flag State require that the Ship Mortgage or Linkspan Mortgage be noted or registered against the Ship or Linkspan (as the case may be) in the Secondary Flag State, evidence reasonably satisfactory to the Agent that such notation or registration will be effected upon or within an appropriate period following commencement of the Dual Registration and the obligations of the Agent and the Security Agent under Clause 23.12(E19.5(E) shall be subject to the condition that the Agent has received all of such documents and evidence.

CONDITIONS TO DUAL REGISTRATION. Upon suspension of the use of the flag of the Primary Flag State and commencement of the use of the flag of the Secondary Flag State, the Borrower Borrowers shall deliver or procure the delivery to the Agent of the following documents and/or evidence:- (i) evidence that the Secondary Flag State shall be an Approved Flag State; (ii) an opinion satisfactory to the Agent from lawyers qualified or accustomed to advise on the laws of the Primary Flag State and the Secondary Flag State that the Dual Registration is permitted by their respective laws for the duration of the relevant charter period or a specified part thereof and that the Ship Mortgage over the relevant Ship or (as the case may be) the Linkspan Mortgage over the relevant Linkspan and the relevant Shipowner's title thereto remain duly registered under the laws of the Primary Flag State following the Dual Registration and that on termination of the charter by virtue of which the Ship or Linkspan is registered in the Secondary Flag State or a judicial sale of the Ship or Linkspan the Dual Registration will be terminated without delay and without any discretionary consents from authorities in the Secondary Flag State; (iii) if the laws of the Secondary Flag State require that the Ship Mortgage or Linkspan Mortgage be noted or registered against the Ship or Linkspan (as the case may be) in the Secondary Flag State, evidence reasonably satisfactory to the Agent that such notation or registration will be effected upon or within an appropriate period following commencement of the Dual Registration and the obligations of the Agent and the Security Agent under Clause 23.12(E) shall be subject to the condition that the Agent has received all of such documents and evidence.