Common use of Inspections and class records Clause in Contracts

Inspections and class records. a) The Obligors shall permit, and shall procure that any charterers permit, one person appointed by the Agent to inspect the Vessels once a year for the account of the Borrowers upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels. b) The Obligors shall instruct the classification society to send to the Agent, following a written request from the Agent, copies of all class records held by the classification society in relation to the Vessels.

Appears in 2 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)

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Inspections and class records. a) The Obligors shall permit, and shall procure that any charterers permit, one person appointed by the Agent to inspect the Vessels once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels. b) The Obligors shall instruct the classification society to send to the Agent, following a written request from the Agent, copies of all class records held by the classification society in relation to the Vessels.

Appears in 2 contracts

Samples: Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

Inspections and class records. a) The Obligors Borrower shall permit, and shall procure that any charterers permit, one person appointed by the Agent and/or each of the Lenders (for the account of such Lender(s)) to inspect the Vessels once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels. b) The Obligors Borrower shall instruct the classification society to send to the Agent, following a written request from the Agent, copies of all class records held by the classification society in relation to the Vessels.

Appears in 2 contracts

Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Long Term Facility Agreement (General Geophysics Co)

Inspections and class records. (a) The Obligors Borrowers shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent to inspect the Vessels once a each year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event The Borrowers shall pay the costs of Default has occurred, such inspection shall not interfere with up to 2 (two) inspections throughout the commercial planning/operation term of the VesselsFacility. (b) The Obligors shall instruct the classification society to send to Borrowers shall, upon the Agent’s reasonable request, following a written request from the Agent, obtain copies of all class records held by the classification society in relation to the Vessels.

Appears in 2 contracts

Samples: Senior Secured Credit Facilities Agreement, Senior Secured Credit Facilities Agreement (KNOT Offshore Partners LP)

Inspections and class records. a) The Obligors Borrower shall permit, and shall procure that any charterers permit, one person appointed by the Agent to inspect the Vessels once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels. b) The Obligors Borrower shall instruct the classification society to send to the Agent, following a written request from the Agent, copies of all class records held by the classification society in relation to the Vessels.

Appears in 1 contract

Samples: Facility Agreement (NORDIC AMERICAN TANKERS LTD)

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Inspections and class records. (a) The Obligors Borrower shall permit, and shall procure that cause any charterers to permit, one person appointed by the Agent and/or each of the Lenders (for the account of such Lender(s)) to inspect the Vessels once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels. (b) The Obligors Borrower shall instruct the classification society to send to the Agent, following a written request from the Agent, copies of all class records held by the classification society in relation to the Vessels.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Inspections and class records. a) The Obligors Borrower shall permit, and shall procure that cause any charterers to permit, one person appointed by the Agent and/or each of the Lenders (for the account of such Lender(s)) to inspect the Vessels once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels. b) The Obligors Borrower shall instruct the classification society to send to the Agent, following a written request from the Agent, copies of all class records held by the classification society in relation to the Vessels.

Appears in 1 contract

Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

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