Material Changes in the Vessels Clause Samples

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the Administrator's prior consent; provided however, it is understood that nothing herein prohibits the installation of scrubbers, the conversion to LNG operation, any change that does not diminish the value, utility or useful life of the Vessel, or the installation of machinery or equipment required by any applicable law, any governmental authority having jurisdiction over the Vessel, or by the Vessel’s classification society;