Survey Report. As soon as reasonably practicable after the Agent requests it (which request shall not exceed one request per year) the Agent shall be given a report on the seaworthiness and/or safe operation of the Ship, from approved surveyors or inspectors. If any recommendations are made in such a report they shall be complied with in the way and by the time recommended in the report.
Appears in 6 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Loan Agreement (Navigator Holdings Ltd.), Supplemental Agreement (Navigator Holdings Ltd.)
Survey Report. As soon as reasonably practicable after the Agent requests it (which request shall not exceed one request per year) it, the Agent shall be given a report on the seaworthiness and/or safe operation of the each Ship, from approved surveyors or inspectors. This right shall only be exercised once per calendar year in respect of each Ship or, if a Default has occurred, at any further times whilst such Default is continuing. If any recommendations are made in such a report they shall be complied with in the way and by the time recommended in the report.
Appears in 2 contracts
Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.)
Survey Report. As soon as reasonably practicable after the Agent requests it (which request shall not exceed one request per year) it, the Agent shall be given a report on the seaworthiness and/or safe operation of the Ship, from approved surveyors or inspectorsinspectors approved by the Agent (acting on the instructions of the Majority Lenders). If any recommendations are made in such a report they shall be complied with in the way and by the time recommended in the report.
Appears in 2 contracts
Samples: Facility Agreement (DryShips Inc.), Facility Agreement (Quintana Shipping Ltd.)
Survey Report. As soon as reasonably practicable after the Agent requests it it, (which request shall not exceed one request per year) ), the Agent shall be given a report on the seaworthiness and/or safe operation of the Ship, from approved surveyors or inspectors. If any recommendations are made in such a report they shall be complied with in the way and by the time recommended in the report.
Appears in 1 contract