Ship’s name and registration. Each Borrower shall keep the Ship owned by it registered in its ownership as a Maltese ship at the port of Valletta; shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of a Ship.
Appears in 3 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (Oceanfreight Inc.)
Ship’s name and registration. Each The Borrower shall procure that each Owner shall keep the Ship owned by it registered in its ownership as a under Maltese ship at Flag (in the port case of Vallettaeach Existing Ship and the Identified Ship) and an Approved Flag (in the case of each Additional Ship); shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of a any Ship.
Appears in 2 contracts
Samples: Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Ship’s name and registration. Each The Borrower shall procure that each Owner of a Mortgaged Ship shall keep the Ship owned by it registered in its ownership as a Maltese ship at the port of Vallettain Malta; shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of a that Ship.
Appears in 2 contracts
Samples: Fourth Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Ship’s name and registration. Each Borrower shall keep the Ship owned by it registered in its ownership as a Maltese ship at the port of VallettaVallettaunder an Approved Flag; shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of a Ship.
Appears in 1 contract
Ship’s name and registration. Each Borrower shall keep the Ship owned by it registered in its ownership as a name under the Maltese ship at the port of Vallettaflag; 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 not change the name or port of registry of a that Ship.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Ship’s name and registration. Each The Borrower shall keep the Ship owned by it registered in its ownership name as a Maltese ship at the port of Valletta; shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of a the Ship.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
Ship’s name and registration. Each The Borrower shall procure that each Owner shall keep the Ship owned by it registered in its ownership as a under Maltese ship at flag and shall procure that each Buyer shall, following delivery to it, keep the port of VallettaNew Ship owned by it registered in its ownership under the relevant flag; shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of a either Ship.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)