Common use of Registration of Vessels Clause in Contracts

Registration of Vessels. The Borrower undertakes to maintain the registration of the Vessels under the flag indicated in Schedule 2, or such other flag requested by the Borrower and is consented to by the Banks (such consent not to be unreasonably withheld), for the duration of the Facility Period.

Appears in 5 contracts

Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)

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Registration of Vessels. The Borrower undertakes to procure that the Owners shall maintain the registration of the Vessels under the flag indicated in Schedule 2, 2 (or a Pre-Approved Flag or such other flag requested by as the Borrower and is consented to by the Majority Banks (such consent not to be unreasonably withheld), may approve in writing) for the duration of the Facility Period.

Appears in 3 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay LNG Partners L.P.), Loan Facility Agreement (Teekay Shipping Corp)

Registration of Vessels. The Borrower undertakes Borrowers undertake to maintain the registration of the Vessels under the flag indicated in Schedule 2, 2 (or such other flag requested by as the Borrower and is consented to by the Majority Banks (such consent not to be unreasonably withheld), may approve in writing) for the duration of the Facility Period.

Appears in 2 contracts

Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Teekay LNG Partners L.P.)

Registration of Vessels. The Borrower undertakes to procure that the Owners shall maintain the registration of (i) the Mortgaged Vessels under the flag indicated in Schedule 22 Part I from the date of the first Drawing and (ii) the Newbuildings under the flag indicated in Schedule 2 Part II, or such other flag requested by the Borrower and is consented to by the Banks (such consent not to be unreasonably withheld), for the duration of the Facility Period.

Appears in 1 contract

Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)

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Registration of Vessels. The Borrower undertakes to procure that the Owners shall maintain the registration of the Vessels and the Negative Pledged Vessels under the flag indicated in Schedule 22 Part I, Schedule 2 Part II and Schedule 2 Part III, or such other flag requested by the Borrower and is consented to by the Banks (such consent not to be unreasonably withheld), for the duration of the Facility Period.

Appears in 1 contract

Samples: Secured Reducing Revolving Loan and Letter of Credit Facility Agreement (Gulfmark Offshore Inc)

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