Common use of Evidence that Clause in Contracts

Evidence that. (a) the Borrower is in compliance with its obligations under Clause 8.5 (Interest Rate Hedging); (b) the Ship is, or will be immediately following the Utilisation, registered in the name of the Borrower under an Approved Flag; (c) the Ship is, or will be immediately following the Utilisation, in the absolute and unencumbered ownership of the Borrower save for the security created by the Finance Documents and Permitted Security; (d) the Ship is, or will be immediately following the Utilisation, insured in accordance with the covenants given under this Agreement; and (e) the Ship maintains the Classification with the Classification Society free of all overdue recommendations and conditions.

Appears in 4 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)

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