Common use of Representations on the Delivery Date Clause in Contracts

Representations on the Delivery Date. The Borrower further represents and warrants to the Agent and each of the Lenders that on the Delivery Date the Vessel will be: 9.4.1 in its absolute and unencumbered ownership save as contemplated by the Security Documents; 9.4.2 registered in its name under the laws and flag of the United States of America; 9.4.3 classed with the highest classification available for a vessel of its type free of all recommendations and qualifications with Det Norske Veritas and American Bureau of Shipping; 9.4.4 operationally seaworthy and in compliance with all relevant provisions, regulations and requirements (statutory or otherwise) applicable to ships registered under the laws and flag of the United States of America; 9.4.5 insured in accordance with the provisions of Clause 10.21 and in compliance with the requirements therein in respect of such insurances; and 9.4.6 managed by the Manager and the Sub-Agent on and subject to the terms set out in the Management Agreement and the Sub-Agency Agreement.