Common use of Lawful Operation Clause in Contracts

Lawful Operation. The Shipowner will comply with Section 7.05, 7.06, 7.14(b) and (d) and 7.18 of the Credit Agreement as if set forth herein, mutatis mutantis, with references therein to the “Parent”, “Credit Party”, “Subsidiary” or “Subsidiary Guarantor” deemed to be a reference to the Shipowner. In addition, the Shipowner will not (a) cause or permit the Vessel to be operated in any manner contrary to law, (b) engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture or capture, and (c) do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Vessel under the laws and regulations of the Republic of the Xxxxxxxx Islands and will at all times keep the Vessel duly documented thereunder.

Lawful Operation. The Shipowner will comply with Section 7.05, 7.06, 7.14(b) and (d) and 7.18 of the Credit Agreement as if set forth herein, mutatis mutantis, with references therein to the “Parent”, “Credit Party”, “Subsidiary” or “Subsidiary Guarantor” deemed to be a reference to the Shipowner. In addition, the Shipowner will not (a) cause or permit the Vessel to be operated in any manner contrary to law, (b) engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture or capture, and (c) do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Vessel under the laws and regulations of the Republic of the Xxxxxxxx Islands Liberia and will at all times keep the Vessel duly documented thereunder.

Lawful Operation. The Shipowner will comply with Section Sections 7.05, 7.06, 7.14(b) and (d) ), and 7.18 of the Credit Agreement as if set forth herein, mutatis mutantismutandis, with references therein to the “Parent”, “Credit Party”, “Subsidiary” or “Subsidiary Guarantor” deemed to be a reference to the Shipowner. In addition, the Shipowner will not (a) cause or permit the Vessel to be operated in any manner contrary to law, (b) engage in any unlawful trade or violate any law or carry any cargo that will expose the Vessel to penalty, forfeiture or capture, and (c) do, or suffer or permit to be done, anything which can or may injuriously affect the registration of the Vessel under the laws and regulations of the Republic of the Xxxxxxxx Islands Bermuda and will at all times keep the Vessel duly documented thereunder.