US Citizenship. Any Security Party owning a United States flag Vessel ceases to be a United States of America citizen within the meaning of Section 2 of the United States Shipping Act of 1916, as amended, qualified to operate vessels in the coastwise trade; or
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
