Third party owned equipment. Except with approval, equipment owned by a third party shall not be installed on the Ship if it cannot be removed without risk of causing damage to the structure or fabric of the Ship or incurring significant expense.
Appears in 11 contracts
Samples: Facility Agreement, Facility Agreement (Navigator Holdings Ltd.), Facility Agreement (Navigator Holdings Ltd.)
Third party owned equipment. Except with approvalapproval of the Majority Lenders, equipment owned by a third party shall not be installed on the Ship if it cannot be removed without risk of causing damage to the structure or fabric of the Ship or incurring significant expense.
Appears in 2 contracts
Samples: Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Tankers Ltd.)
Third party owned equipment. Except with approvalapproval by the Majority Lenders, equipment owned by a third party shall not be installed on the Ship if it cannot be removed without risk of causing damage to the structure or fabric of the Ship or incurring significant expense.
Appears in 2 contracts
Samples: Facility Agreement (DryShips Inc.), Facility Agreement (Quintana Shipping Ltd.)
Third party owned equipment. Except with approval, equipment Equipment owned by a third party shall not be installed on the Ship a Vessel if it cannot be removed without risk of causing damage to the structure or fabric of the Ship Vessel or incurring significant expense.
Appears in 2 contracts
Samples: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)
Third party owned equipment. Except with approvalapproval of the Required Lenders, equipment owned by a third party shall not be installed on the a Ship if it cannot be removed without risk of causing damage to the structure or fabric of the such Ship or incurring significant expense.
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
Third party owned equipment. Except with approvalapproval (which shall not be unreasonably withheld or delayed), equipment owned by a third party shall not be installed on the a Ship if it cannot be removed without risk of causing damage to the structure or fabric of the that Ship or incurring significant expense.
Appears in 2 contracts
Samples: Facility Agreement (Cool Co Ltd.), Facility Agreement (Cool Co Ltd.)
Third party owned equipment. Except with approvalapproval (which approval shall not be unreasonably withheld or delayed), equipment owned by a third party shall not be installed on the Ship if it cannot be removed without risk of causing damage to the structure or fabric of the Ship or incurring significant expense.
Appears in 1 contract
Samples: Facility Agreement
Third party owned equipment. Except with approval, equipment owned by a third party shall not be installed on the Ship if it cannot be removed without risk of causing material damage to the structure or fabric of the Ship or incurring significant expenseexpense unless the installation of such equipment is contemplated pursuant to the Charter Contract.
Appears in 1 contract
