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 The Borrower hereby designates the Administrative Agent to serve as the Borrower’s agent, solely for purposes of this Section 12.17 to maintain a register (the “Register”) on which it will record the Commitments from time to time of each of the Lenders, the Loans made by each of the Lenders and each repayment in respect of the principal amount of the Loans of each Lender. Failure to make any such recordation, or any error in such recordation shall not affect the Borrower’s obligations in respect of such Loans. With respect to any Lender, the transfer of the Commitments of such Lender and the rights to the principal of, and interest on, any Loan made pursuant to such Commitments shall not be effective until such transfer is recorded on the Register maintained by the Administrative Agent with respect to ownership of such Commitments and Loans and prior to such recordation all amounts owing to the transferor with respect to such Commitments and Loans shall remain owing to the transferor. The registration of assignment or transfer of all or part of any Commitments and Loans shall be recorded by the Administrative Agent on the Register only upon the acceptance by the Administrative Agent of a properly executed and delivered Assignment and Assumption Agreement pursuant to Section 12.8(c). Coincident with the delivery of such an Assignment and Assumption Agreement to the Administrative Agent for acceptance and registration of assignment or transfer of all or part of a Loan, or as soon thereafter as practicable, the assigning or transferor Lender shall surrender the Note evidencing such Loan, and thereupon one or more new Notes in the same aggregate principal amount then owing to such assignor or transferor Lender shall be issued to the assigning or transferor Lender and/or the new Lender. The Borrower agrees to indemnify the Administrative Agent from and against any and all losses, claims, damages and liabilities of whatsoever nature which may be imposed on, asserted against or incurred by the Administrative Agent in performing its duties under this Section 12.17.

  • 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.

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