Common use of Vessel Classification Clause in Contracts

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.

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.

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.

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.

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.

Vessel Classification. Each On each Borrowing Date of a Vessel Acquisition Loan, 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 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.

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.

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.

Vessel Classification. Each On each Borrowing Date of a Vessel Acquisition Loan, 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 hereto IX 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.

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.

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.