Inspection and Survey Reports Sample Clauses

Inspection and Survey Reports. If the Lenders shall so request, the Borrowers shall provide the Lenders with copies of all internally generated inspection or survey reports on the Vessels.
AutoNDA by SimpleDocs
Inspection and Survey Reports. (i) If the Facility Agent shall so request, the relevant Obligor shall provide the Facility Agent (for distribution to the Lenders) with copies of all internally generated inspection or survey reports on each Vessel owned by it; provided, that in the event that any Vessel is reactivated out of cold stack, the Borrower shall provide (or cause to be provided), upon the reasonable request of the Facility Agent, the Facility Agent with copies of all inspections and survey reports to the extent required to be provided to the Classification Society or other such reports requested by the Facility Agent at the cost of the Borrower, and (ii) upon reasonable notice to the relevant Obligor, each Obligor shall permit the Facility Agent (acting through surveyors or other persons appointed by it for that purpose) at the cost of the Borrower to inspect the relevant Vessel and shall afford all proper facilities for such inspections; provided, that (A) the Facility Agent shall only be allowed to conduct one such inspection per calendar year prior to the occurrence of an Event of Default and (B) such inspections shall not unreasonably interfere with the operation of any Vessel, any relevant charterer’s quiet enjoyment of the applicable Vessel or that Xxxxxx’s scheduled maintenance and docking schedule;
Inspection and Survey Reports. If the Agent shall so request, the Borrower shall provide the Agent with copies of all internally generated inspection or survey reports on the Vessels.
Inspection and Survey Reports. If the Lenders shall so request, the Borrowers shall provide the Lenders with copies of all internally generated inspection or survey reports on the Units.
Inspection and Survey Reports if the Lenders shall so request, permit the Lenders to inspect any Vessel or any Collateral Vessel and shall provide the Lenders with copies of all internally generated inspection or survey reports on the Vessels and the Collateral Vessels, provided, however, that if the Vessels and the Collateral Vessels are found in satisfactory condition, the cost of such inspections shall be borne by the Borrowers not more than once a year;
Inspection and Survey Reports. Upon the reasonable request of the Agent, the Borrower shall provide the Agent with copies of all internally generated inspection or survey reports on the Vessels and shall, if the Agent so reasonably requests, cause the Vessels to be surveyed on an annual basis by a surveyor appointed by the Agent. All costs arising in connection with any such survey or surveys (including, but not limited to, the fees of the relevant surveyor or firm of surveyors appointed by the Agent to make such survey or surveys) shall be borne by the Borrower.
Inspection and Survey Reports. Provide (at the request of the Facility Agent) copies of all inspection or survey reports on each Vessel generated subsequent to the date hereof by third party inspectors or surveyors (to the extent not prohibited to be shared with the Creditors by applicable law or regulation);
AutoNDA by SimpleDocs
Inspection and Survey Reports if the Facility Agent shall so request in writing, the Borrower shall provide the Facility Agent with copies of all internally generated inspection or survey reports on each Security Vessel;
Inspection and Survey Reports. If the Banks shall so request, the Borrowers shall provide the Banks with copies of all internally generated inspection or survey reports on the Vessels.
Inspection and Survey Reports. If the Majority Lenders shall so request, and the Borrowers have become obligated to provide vessel collateral as provided in Section 8.1(B)(e) hereof, the Borrowers shall provide the Lenders with copies of all internally generated inspection or survey reports on any vessel collateral. Payment of Obligations. Pay and discharge, or cause to be paid and discharged, or will cause each Subsidiary to pay and discharge, at or before maturity, all their respective obligations and liabilities, including, without limitation, all taxes, assessments and governmental charges or levies imposed upon them, the Subsidiaries or their respective income or property prior to the date upon which penalties attach thereto which, if not paid, could reasonably be expected to result, either singularly or in the aggregate, in a Material Adverse Change; provided, however, that the Borrowers shall not be required to pay and discharge, or cause to be paid and discharged, any such obligation, liability, tax, assessment, charge or levy so long as the legality thereof shall be contested in good faith and by appropriate proceedings and they or the relevant Subsidiary or Subsidiaries shall maintain in accordance with GAAP appropriate reserves with respect thereto. Compliance with Agreements, Statutes, etc. Do or cause to be done all things necessary to comply with all material contracts or agreements to which any of the Borrowers is a party, and all laws and the rules and regulations thereunder, applicable to the Borrowers or any of the Subsidiaries or their conduct of their business including, without limitation, those laws, rules and regulations relating to employee benefit plans and environmental matters except where the failure to do so would not be reasonably likely to result in a Material Adverse Change;
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!