Common use of Ownership/Management/Control Clause in Contracts

Ownership/Management/Control. ensure that the Vessel will be registered on the Drawdown Date under the laws of the Flag State and thereafter maintain her present ownership, management, control and beneficial ownership;

Appears in 2 contracts

Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.)

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Ownership/Management/Control. ensure that the Vessel will be remains registered on the Drawdown Date in the ownership of the Owner thereof under the laws of the Flag State and thereafter ensure that the Vessel will maintain her present ownership, management, control and beneficial ownership;

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Ownership/Management/Control. ensure that the Vessel will be registered on the Drawdown Date or the Delivery Date in the ownership of the Owner under the laws of the Flag State and thereafter ensure that the Vessel will maintain her present registration, ownership, management, control and beneficial ownership;

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Ownership/Management/Control. ensure that the Vessel will be Vessels are registered on the Drawdown Date under the laws of the Flag State and thereafter maintain her present ownership, management, control and beneficial ownershipownership and that no change of name, ownership or flag of the Vessels will take place without the Bank’s prior written consent;

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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Ownership/Management/Control. ensure that the each Vessel will be registered on the relevant Drawdown Date under the laws of the relevant Flag State and thereafter maintain her present ownership, management, control and beneficial ownership;

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Ownership/Management/Control. ensure that the Vessel will be registered on the Drawdown Date under the laws of the relevant Flag State and thereafter maintain her present ownership, management, control and beneficial ownership;

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

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