Common use of Ship’s name and registration Clause in Contracts

Ship’s name and registration. The Borrower shall procure that each Guarantor shall keep the Ship owned by it registered in its name under an Approved Flag free of any Security Interest other than a Permitted Security Interest; 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 not, without the prior written consent of the Security Trustee change the name or port of registry of the Ship owned by it.

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 free of any Security Interest other than a Permitted Security InterestFlag; 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 not, without the prior written consent of the Security Trustee not change the name or port of registry of the Ship owned by itwithout the prior written consent of the Agent (acting on the authority of the Majority Lenders).

Ship’s name and registration. The Borrower shall procure that each Guarantor shall keep the Ship owned by it registered in its name under an Approved Flag free of any Security Interest other than a Permitted Security InterestFlag; 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 not, without the prior written consent of the Security Trustee not change the name or port of registry of any Ship without the Ship owned by itprior written approval of the Agent, such approval not to be unreasonably withheld.

Ship’s name and registration. The Borrower shall procure that each Guarantor and each Collateral Guarantor shall keep the Ship owned by it registered in its name under an Approved Flag free of any Security Interest other than a Permitted Security Interest; 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 not, without the prior written consent of the Security Trustee change the name or port of registry of the Ship owned by it.