Ship’s name and registration. The Borrower shall procure that each Corporate Guarantor shall keep the Ship owned by it registered in its name under an Approved Flag; shall procure that each Corporate Guarantor shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall procure that each Corporate Guarantor shall not change the name or port of registry of that Ship.
Appears in 2 contracts
Samples: Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)
Ship’s name and registration. The Borrower shall procure that each Corporate Each Guarantor shall shall:
(a) keep the Ship owned by it registered in its name under an the law of the Approved Flag; shall procure that each Corporate Guarantor shall ;
(b) not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilledimperiled; and shall procure that each Corporate Guarantor shall and
(c) not change the name or port of registry of that Shipon which such Ship was registered when it became subject to a Mortgage.
Appears in 2 contracts
Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Eagle Bulk Shipping Inc.)
Ship’s name and registration. The Borrower shall procure that each Corporate Guarantor shall keep the Ship owned by it registered in its name under an Approved FlagFlag free of any Security Interest other than a Permitted Security Interest; shall procure that each Corporate Guarantor and shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall procure that each Corporate Guarantor shall not not, without the prior written consent of the Security Trustee change the name or port of registry of that Shipthe Ship owned by it.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Ship’s name and registration. The Borrower shall procure that each Corporate Guarantor shall keep the Ship owned by it registered in its name under an the Approved Flag; shall procure that each Corporate Guarantor shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall procure that each Corporate Guarantor shall not change the name or port of registry of that Shipthe Ship without the prior written consent of the Agent (acting on the authority of the Majority Lenders).
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Ship’s name and registration. The Borrower shall procure that each Corporate Each Guarantor shall shall:
(a) keep the Ship owned by it registered in its name under the law of an Approved Flag; shall procure that each Corporate Guarantor shall ;
(b) not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilledimperiled; and shall procure that each Corporate Guarantor shall and
(c) not change the name or port of registry of that Shipon which such Ship was registered when it became subject to a Mortgage.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Ship’s name and registration. The Borrower shall procure that each Corporate Each Guarantor shall keep the in relation to each Ship owned by it keep that Ship registered in its name under an Approved Flagthe flag of that Ship; shall procure that each Corporate Guarantor shall not do, do nor omit to do or nor allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall procure that each Corporate Guarantor shall not change the name or port of registry of that Ship.
Appears in 1 contract
Ship’s name and registration. The Borrower shall procure that each Corporate Guarantor and each Collateral Guarantor shall keep the Ship owned by it registered in its name under an Approved FlagFlag free of any Security Interest other than a Permitted Security Interest; shall procure that each Corporate Guarantor and shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall procure that each Corporate Guarantor shall not not, without the prior written consent of the Security Trustee change the name or port of registry of that Shipthe Ship owned by it.
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Containers Inc.)
Ship’s name and registration. The Borrower shall procure that each Corporate Guarantor shall keep the Ship owned by it registered in its name under an Approved Flag; shall procure that each Corporate Guarantor shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall procure that each Corporate Guarantor shall not change the name or port of registry of that Shipany Ship without the prior written approval of the Agent, such approval not to be unreasonably withheld.
Appears in 1 contract
