Common use of Evidence of current Clause in Contracts

Evidence of current. COFR The Borrower will, if and for so long as the Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the Vessel under that Act and will comply strictly with the requirements of that Act.

Appears in 6 contracts

Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.)

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Evidence of current. COFR The Borrower will, if and for so long as the Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, obtain and retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the Vessel under that Act Act, will provide the Lender with evidence of that Certificate, and will comply strictly with the requirements of that Act.

Appears in 2 contracts

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (Paragon Shipping Inc.)

Evidence of current. COFR The Each Borrower will, if and for so long as the its Borrower’s Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, obtain and retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the its Borrower’s Vessel under that Act Act, will provide the Agent with evidence of that Certificate, and will comply strictly with the requirements of that Act.

Appears in 1 contract

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Evidence of current. COFR The Each Borrower will, if and for so long as the its Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, retain and provide the Lender Agent with a copy of, a valid Certificate of Financial Responsibility for the its Vessel under that Act and will comply strictly with the requirements of that Act.

Appears in 1 contract

Samples: Secured Loan Agreement (NewLead Holdings Ltd.)

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Evidence of current. COFR The Each Borrower will, if and for so long as the its Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, obtain and retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the its Vessel under that Act Act, will provide the Agent with evidence of that Certificate, and will comply strictly with the requirements of that Act.

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Shipping Inc.)

Evidence of current. COFR The Borrower will, if and for so long as the Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), . obtain, retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the Vessel under that Act and will comply strictly with the requirements of that Act.

Appears in 1 contract

Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)

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