Dealings with Ship. The Borrower undertakes that this clause 22 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship’s Mortgage Period.
Dealings with Ship. 22.1 The Borrower undertakes that this clause 22 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship’s Mortgage Period.
22.2 The Ship’s name shall only be changed after prior written notice to the Agent and, the Owner shall promptly take all necessary steps to update all applicable insurance, class and registration documents with such change of name.
22.3 The Ship shall be registered with the relevant Registry under the laws of its Flag State. Except with prior written approval from the Agent (acting on the instructions of all Term Lenders), the Ship shall not be registered under any other flag or at any other port or fly any other flag (other than that of its Flag State), provided that no such approval shall be required for the registration of a Ship under the flag of another Approved Flag State as long as replacement Security Interests are granted in respect of that Ship (which provide recourse materially equivalent to those in place prior to such registration) in favour of the Security Agent immediately following the registration of such Ship under the flag of that Approved Flag State. If that registration is for a limited period, it shall be renewed at least forty five (45) days before the date it is due to expire and the Agent shall be notified of that renewal at least thirty (30) days before that date.
22.4 Nothing will be done and no action will be omitted if that might result in such registration being forfeited or imperilled or the Ship being required to be registered under the laws of another state of registry other than an Approved Flag State.
22.5 Except with approval or in respect of any sale whereby the Borrower will satisfy in full its obligations under clause 7.15 (Sale or Total Loss), the Owner will not sell, or agree to, transfer, abandon or otherwise dispose of the relevant Ship or any share or interest in it.
Dealings with Ship. 22.1 Each Borrower undertakes that this clause 22 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship's Mortgage Period.
22.2 The Ship's name shall only be changed after prior written notice to the Agent and, the relevant Borrower (as owner) shall promptly take all necessary steps to update all applicable insurance, class and registration documents with such change of name.
22.3 The Ship shall be registered with the relevant Registry under the laws of its Flag State. Except with prior written approval from the Agent (acting on the instructions of all Lenders), the Ship shall not be registered under any other flag or at any other port or fly any other flag (other than that of its Flag State), provided that no such approval shall be required for the registration of a Ship under the flag of another Approved Flag State as long as replacement Security Interests are granted in respect of that Ship (which provide recourse materially equivalent to those in place prior to such registration) in favour of the Security Agent immediately following the registration of such Ship under the flag of that Approved Flag State. If that registration is for a limited period, it shall be renewed at least forty five (45) days before the date it is due to expire and the Agent shall be notified of that renewal at least thirty (30) days before that date.
22.4 Nothing will be done and no action will be omitted if that might result in such registration being forfeited or imperilled or the Ship being required to be registered under the laws of another state of registry other than an Approved Flag State.
22.5 Except (a) with approval or (b) in respect of any sale whereby the Borrowers will satisfy in full its obligations under clauses 7.15 (Sale) to 7.19 (Total Loss), or (c) in respect of a sale or transfer of any Mortgaged Ship from Hafnia Denmark or Hafnia Tankers ApS (once it succeeds Hafnia Denmark as a Borrower) to Hafnia Sub-Holding as permitted by, and in accordance with, clause 30.8 (Sale of Mortgaged Ships), the relevant Borrower (as owner) will not sell, or agree to, transfer, abandon or otherwise dispose of the relevant Ship or any share or interest in it. This clause 22.5 prevails over the terms of the negative pledge included in any VID for a Ship.
22.6 A manager of the Ship shall not be appointed unless that manager is an Approved Manager and such appointment of an Approved Manager should be made on the basis that such Approved Manager shal...
Dealings with Ship. 22.1 Each Borrower undertakes that this clause 22 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship’s Mortgage Period.
22.2 The Ship's name shall only be changed after prior notice to the Agent.
22.3 The Ship shall be registered with the relevant Registry under the laws of its Flag State. Except with approval (such approval not to be unreasonably withheld), the Ship shall not be registered under any other flag or at any other port or fly any other flag (other than that of its Flag State). If that registration is for a limited period, it shall be renewed at least 45 days before the date it is due to expire and the Agent shall be notified of that renewal at least 30 days before that date.
22.4 Nothing will be done and no action will be omitted if that might result in such registration being forfeited or imperilled or the Ship being required to be registered under the laws of another state of registry.
22.5 Except with approval, the relevant Owner will not sell, or agree to, transfer, abandon or otherwise dispose of the relevant Ship or any share or interest in it.