Common use of Green Passport Clause in Contracts

Green Passport. Each Borrower shall procure that the Ship owned by it has (on and from 31 December 2021 and subsequently at all times during the Security Period) obtained a Green Passport, or any equivalent or superseding document acceptable to the Facility Agent (acting on the instructions of the Majority Lenders), subject to the Classification Society's requirements.

Appears in 2 contracts

Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)

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Green Passport. Each Borrower shall procure that the Ship owned by it has (on and from 31 December 2021 and subsequently at all times during the Security Period) obtained a Green Passport, or any equivalent or superseding document acceptable to the Facility Agent (acting on Agent, in respect of that Ship which shall be maintained throughout the instructions of the Majority Lenders), subject to the Classification Society's requirementsSecurity Period.

Appears in 2 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)

Green Passport. Each Borrower shall procure ensure, at all times, that the Ship owned by it has (carries on and from 31 December 2021 and subsequently at all times during the Security Period) obtained board a Green Passport, or any equivalent or superseding document acceptable Passport and shall promptly deliver to the Facility Agent (acting on the instructions upon its request a copy of the Majority Lenders), subject to the Classification Society's requirementssame.

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

Green Passport. Each Borrower Owner shall procure that the Ship owned by it has (on and from 31 December 2021 2020 and subsequently at all times thereafter during the Security Period) obtained a Green Passport, or any equivalent or superseding document acceptable to the Facility Agent (acting on the instructions of the Majority Lenders), subject to the relevant Classification Society's ’s requirements.

Appears in 1 contract

Samples: Assignment Agreement (Global Ship Lease, Inc.)

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Green Passport. Each The Borrower shall procure that the Ship owned by it shipyard has (on and from 31 December 2021 and subsequently at all times during the Security Period) obtained a Green Passport, or any equivalent or superseding document acceptable to the Facility Agent (acting on the instructions Agent, in respect of the Majority Lenders), subject to Ship which shall be maintained throughout the Classification Society's requirementsSecurity Period.

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

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