Common use of Registration of the Vessels Clause in Contracts

Registration of the Vessels. The Borrower shall and procure that the Manager shall: (a) procure and maintain with effect from the Delivery Date of the relevant Vessel the valid and effective provisional registration of the Vessel under the flag of Hong Kong in the name of the Borrower and shall effect permanent registration of the Vessel within two months from the Delivery Date of the relevant Vessel, or such other flag of equivalent reputation as is satisfactory to the Facility Agent (acting on the instructions of the Majority Lenders such approval not to be unreasonably withheld), and shall ensure nothing is done or omitted by which the registration of the Vessels would or might be defeated or imperilled; and (b) not change the registered owner, the name or port of registration of the Vessels without the prior written consent of the Facility Agent (acting on the instructions of the Majority Lenders) (such consent not to be unreasonably withheld).

Registration of the Vessels. The Borrower shall and procure that the Manager shall: (a) procure and maintain with effect from the Delivery Date of the relevant Vessel the valid and effective provisional registration of the Vessel under the flag of Hong Kong in the name of the Borrower and shall effect permanent registration of the Vessel within two months from the Delivery Date of the relevant Vessel, or such other flag of equivalent reputation as is satisfactory to the Facility Agent (acting on the instructions of the Majority Lenders such approval not to be unreasonably withheld), and shall ensure nothing is done or omitted by which the registration of the Vessels would or might be defeated or imperilled; and (b) not change the registered owner, the name or port of registration of the Vessels without the prior written consent of the Facility Agent (acting on the instructions of the Majority Lenders) (such consent not to be unreasonably withheld).

Registration of the Vessels. The Borrower Guarantor shall and procure that the Manager shall: (a) procure and maintain with effect from the Delivery Date of the relevant Vessel the valid and effective provisional registration of the Vessel under the flag of Hong Kong in the name of the Borrower and shall effect permanent registration of the Vessel within two months from the Delivery Date of the relevant Vessel, or such other flag of equivalent reputation as is satisfactory to the Facility Agent (acting on the instructions of the Majority Lenders such approval not to be unreasonably withheld), and shall ensure nothing is done or omitted by which the registration of the Vessels would or might be defeated or imperilled; and (b) not change the registered owner, the name or port of registration of the Vessels without the prior written consent of the Facility Agent (acting on the instructions of the Majority Lenders) (such consent not to be unreasonably withheld).

Registration of the Vessels. The Borrower shall and procure that the Manager shall: (a) procure and maintain with effect from from, the Delivery Date of the relevant Vessel Applicable Time, the valid and effective provisional registration of the Vessel Secured Vessels under the flag of Hong Kong in the name of the Borrower and shall effect permanent registration of the Vessel within two months from the Delivery Date of the relevant VesselApplicable Time, or such other flag of equivalent reputation as is satisfactory to the Facility Agent (acting on the instructions of the Majority Lenders Lenders, such approval not to be unreasonably withheld), and shall ensure nothing is done or omitted by which the registration of the Secured Vessels would or might be defeated or imperilled; and (b) not change the registered owner, the name or port of registration of the Secured Vessels without the prior written consent of the Facility Agent (acting on the instructions of the Majority Lenders) (such consent not to be unreasonably withheld).