Vessel Classification. Each Mortgaged Vessel is or will be, classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X hereto or another internationally recognized classification society acceptable to the Collateral Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Vessel Mortgage.
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Samples: Credit Agreement (Oaktree Capital Management Lp), Credit Agreement (General Maritime Corp / MI), Credit Agreement (General Maritime Corp/)
Vessel Classification. Each Mortgaged The Vessel is or will be, classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X 8.21 hereto or another internationally recognized classification society reasonably acceptable to the Collateral Agent, free of any overdue conditions or recommendations, other than as permitted, or will be permitted, under the Vessel Mortgage.
Appears in 3 contracts
Samples: Supplemental Deed (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Ninth Supplemental Deed (Norwegian Cruise Line Holdings Ltd.)
Vessel Classification. Each Mortgaged Vessel is or will be, classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X 7.21 hereto or another internationally recognized classification society reasonably acceptable to the Collateral Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Vessel Mortgage.
Appears in 2 contracts
Samples: Credit Agreement (NCL CORP Ltd.), Credit Agreement (NCL CORP Ltd.)
Vessel Classification. Each Mortgaged Vessel is or will be, classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X V hereto or another internationally recognized classification society reasonably acceptable to the Collateral Administrative Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Vessel MortgageMortgages.
Appears in 2 contracts
Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)
Vessel Classification. Each Mortgaged Vessel is or will be, classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X XV hereto or another internationally recognized classification society reasonably acceptable to the Collateral Administrative Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Vessel MortgageMortgages.
Appears in 2 contracts
Samples: Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)
Vessel Classification. Each Mortgaged Collateral Vessel is or will be, be classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X hereto or another internationally recognized classification society acceptable to the Collateral Agentby an Acceptable Classification Society, free of any conditions or recommendations, other than as permitted, or as will be permitted, under the Vessel MortgageMortgages.
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Samples: Senior Secured Credit Agreement (Baltic Trading LTD)
Vessel Classification. Each Mortgaged Initial Vessel is or will be, be classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X hereto VIII or another internationally recognized classification society acceptable to the Collateral Administrative Agent, free of any conditions or recommendations, other than as permitted, or as will be permitted, under the Vessel MortgageMortgages.
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Vessel Classification. Each Mortgaged On each Borrowing Date, and thereafter, each Vessel is or will be, classified in the highest class available for vessels Vessels of its age and type with a classification society listed on Schedule X hereto VIII or another internationally recognized classification society acceptable to the Collateral Administrative Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Vessel MortgageMortgages.
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Vessel Classification. Each At the time of the consummation of the respective Vessel Acquisition, and thereafter, each Mortgaged Vessel and each Second Priority Existing Mortgaged Vessel is or will be, classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X hereto or another internationally recognized classification society acceptable to the Collateral Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the First Priority Vessel MortgageMortgage and Second Priority Existing Vessel Mortgages related thereto.
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Vessel Classification. Each At the time of the consummation of each Vessel Acquisition, and thereafter, each Mortgaged Vessel is or will be, classified in the highest class available for vessels Vessels of its age and type with a classification society listed on Schedule X VIII hereto or another internationally recognized classification society acceptable to the Collateral Administrative Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Vessel MortgageMortgages.
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Vessel Classification. Each Mortgaged Vessel is or will be, be classified in the highest class available for vessels of its age and type with a classification society listed on Schedule X hereto VIII or another internationally recognized classification society acceptable to the Collateral Administrative Agent, free of any conditions or recommendations, other than as permitted, or as will be permitted, under the Vessel MortgageMortgages.
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