Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower shall remove any material part of any Ship, or any item of equipment installed on any Ship unless:
Appears in 17 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (United Maritime Corp)
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower shall remove any material part of any Ship, or any item of equipment installed on any Ship unlessunless the part or item so removed:
Appears in 5 contracts
Samples: Facilities Agreement (Ardmore Shipping Corp), And Restatement Agreement (Ardmore Shipping Corp), Assignment Agreement (Ardmore Shipping Corp)
Removal and installation of parts. (a) Subject to paragraph (b) below, no the Borrower shall not remove any material part of any the Ship, or any item of equipment installed on any the Ship unless:
Appears in 2 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Assignment Agreement (Euroseas Ltd.)
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower the Borrowers shall not remove any material part of any the Ship, or any item of equipment installed on any a Ship unless:
Appears in 2 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower Guarantor shall remove any material part of any Ship, or any item of equipment installed on any Ship unless:
Appears in 2 contracts
Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.)
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower Owner shall remove any material part of any Ship, or any item of equipment installed on any Ship unless:
Appears in 1 contract
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower shall remove any material part of any either Ship, or any item of equipment installed on any either Ship unlessunless the part or item so removed:
Appears in 1 contract
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower shall remove any material part of any Ship, or any item of equipment installed on any Ship Ship, which would materially reduce its value, unless:
Appears in 1 contract
Removal and installation of parts. (a) Subject to paragraph (b) below, no the Borrower shall not remove any material part of any Shipthe Vessel, or any item of equipment installed on any Ship the Vessel unless:
Appears in 1 contract
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Removal and installation of parts. (a) Subject to paragraph (b) below, no Borrower shall remove any material part of any Shipthe Vessel owned by it, or any item of equipment installed on any Ship that Vessel unless:
Appears in 1 contract
Removal and installation of parts. (a) Subject to paragraph (b) below, no neither Borrower shall remove any material part of any Ship, or any item of equipment installed on any Ship unless:
Appears in 1 contract
