TRANSFER OF FLAG OR REGISTRY OF VESSEL Sample Clauses

TRANSFER OF FLAG OR REGISTRY OF VESSEL. The Lessee may at any time and from time to time during the Lease Period request the Lessor to transfer the register of the Vessel to any port and/or to re-document the Vessel under the laws of any jurisdiction other than the port and/or jurisdiction at which the Vessel is for the time being registered and/or under whose laws the Vessel is for the time being documented. If the Lessor approves of such transfer of register and/or re-documentation of the Vessel (such approval not to be unreasonably withheld or delayed, provided always that it shall be reasonable for the Lessor to withhold its consent if the Lessor demonstrates to the Lessee (by producing a legal opinion from legal counsel of the Lessor's choice qualified and practising in the relevant jurisdiction to which the registration of the Vessel is to be transferred) that the Lessor's ownership and/or liability position will be adversely affected by such transfer of register and/or re-documentation of the Vessel), the Lessor shall, at the request of the Lessee, co-operate with and permit the Lessee to take all necessary steps to comply with such request and thereafter shall during the Lease Period co-operate with the Lessee to take such action as the Lessee may reasonably require (but only in such manner and upon such conditions as the Lessor may approve (such approval not to be unreasonably withheld or delayed) and, if such approval is given, subject to such conditions as the Lessor may reasonably impose and provided always that it shall be reasonable for the Lessor to withhold its approval or impose conditions if it demonstrates to the Lessee (by producing a legal opinion from legal counsel of the Lessor's choice qualified and practising in the relevant jurisdiction to which the registration of the Vessel is to be transferred) that the Lessor's ownership and/or liability position will be adversely affected if the Lessor gives such approval and/or does not impose such conditions) to maintain the documentation of the Vessel at the port to which the register of the Vessel is so transferred and/or under the laws of the jurisdiction under whose laws the Vessel is so re- documented. If the Lessor demonstrates to the Lessee (by producing a legal opinion from legal counsel of the Lessor's choice qualified and practising in the relevant jurisdiction) that it has become impossible or unlawful for the Lessor to maintain the documentation of the Vessel under the laws of any jurisdiction under whose laws the Ves...
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Related to TRANSFER OF FLAG OR REGISTRY OF VESSEL

  • Vendor Registration In order to complete any transaction between a Customer and the Contractor, the Contractor must be registered in MyFloridaMarketPlace.

  • Registry Lock Registry Operator may offer the Registry Lock service, which is a registry service that allows an authorized representative from the sponsoring Registrar, request the activation or deactivation of any of the following EPP statuses: serverUpdateProhibited, serverDeleteProhibited and⁄or serverTransferProhibited.

  • GOVERNMENT APPROVAL OR REGISTRATION If this Agreement or any associated transaction is required by the law of any nation to be either approved or registered with any governmental agency, the Licensee will assume all legal obligations to do so. The Licensee will notify The Regents if it becomes aware that this Agreement is subject to a United States or foreign government reporting or approval requirement. The Licensee will make all necessary filings and pay all costs including fees, penalties and all other out-of-pocket costs associated with such reporting or approval process.

  • Shares Not Registered The Purchaser understands and acknowledges that the offering of the Shares pursuant to this Agreement will not be registered under the Securities Act on the grounds that the offering and sale of securities contemplated by this Agreement are exempt from registration under the Securities Act pursuant to Section 4(2) thereof and exempt from registration pursuant to applicable state securities or blue sky laws, and that the Company’s reliance upon such exemptions is predicated upon such Purchaser’s representations set forth in this Agreement. The Purchaser acknowledges and understands that the Shares must be held indefinitely unless the Shares are subsequently registered under the Securities Act and qualified under state law or unless an exemption from such registration and such qualification is available.

  • Voter Registration When designated by the Secretary of State, the Contractor agrees to become a voter registration agency as defined by 17 V.S.A. §2103 (41), and to comply with the requirements of state and federal law pertaining to such agencies.

  • Registry Borrower hereby designates Lender to serve as Borrower’s agent, and Lender hereby designates Servicer to serve as its agent, solely for purposes of this Section 9.7, to maintain at one of its offices a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of each Assignee, and the principal amount of the Loan (or portions thereof) owing to, each Lender pursuant to the terms hereof and the Note Sales Agreement from time to time (the “Register”). Failure to make any such recordation, or any error in such recordation shall not affect Borrower’s obligations in respect of the Loan. With respect to any Noteholder, the transfer of the rights to the principal of, and interest on, its interest in the Loan and a Note shall not be effective until such transfer is recorded on the Register maintained by Servicer with respect to ownership of such Loan and a Note and prior to such recordation all amounts owing to the transferor with respect to such Note shall remain owing to the transferor. The registration of a transfer of all or part of the Loan and a Note shall be recorded by Servicer on the Register only upon the acceptance by Servicer of a properly executed and delivered Assignment and Acceptance by the assignor and assignee. Such Register shall be available for inspection by Borrower from time to time. At the assigning Noteholder’s option, concurrently with the delivery of an Assignment and Acceptance pursuant to which an interest of such Noteholder in the Loan and Note was assigned to such Assignee, the assigning Noteholder shall surrender to Borrower its Note, if any, evidencing the portion of the Loan corresponding to the interest so transferred and Borrower shall deliver to Noteholder one or more new promissory notes in the same aggregate principal amount issued to the assigning Noteholder and/or the Assignee.

  • Registration of Transfer of American Depositary Shares Combination and Split-up of Receipts; Interchange of Certificated and Uncertificated American Depositary Shares.

  • Department of State Registration Consistent with Title XXXVI, F.S., the Contractor and any subcontractors that assert status, other than a sole proprietor, must provide the Department with conclusive evidence of a certificate of status, not subject to qualification, if a Florida business entity, or of a certificate of authorization if a foreign business entity.

  • Transfer of Shares After Registration Each Purchaser agrees that it will not effect any disposition of the Shares or its right to purchase the Shares that would constitute a sale within the meaning of the Securities Act, except as contemplated in the Registration Statement referred to in Section 7.1 or as otherwise permitted by law, and that it will promptly notify the Company of any changes in the information set forth in the Registration Statement regarding the Purchaser or its plan of distribution.

  • Securities Not Registered Such Purchaser understands that the Securities have not been registered under the Securities Act, by reason of their issuance by the Company in a transaction exempt from the registration requirements of the Securities Act, and that the Securities must continue to be held by such Purchaser unless a subsequent disposition thereof is registered under the Securities Act or is exempt from such registration. Such Purchaser understands that the exemptions from registration afforded by Rule 144 (the provisions of which are known to it) promulgated under the Securities Act depend on the satisfaction of various conditions, and that, if applicable, Rule 144 may afford the basis for sales only in limited amounts.