Common use of Vessel Classification Clause in Contracts

Vessel Classification. Each of the Owned Vessels is classed by a classification society which is a full member of the International Association of Classification Societies and such Owned Vessels are in class with valid class and trading certificates, without overdue recommendations, in each case based on the classification and certification requirements in effect on the date hereof.

Vessel Classification. Each of the Owned Vessels Vessel is classed by a classification society which is a full member of the International Association of Classification Societies and such each Owned Vessels are Vessel is in class with valid class and trading certificates, without any overdue recommendations, in each case based on the classification and certification requirements in effect on the date hereof.

Vessel Classification. Each of the Owned Vessels Vessel is classed by a classification society which is a full member of the International Association of Classification Societies and such each Owned Vessels are Vessel is in class with valid class and trading certificates, without any overdue recommendations, except where such failure to be classed would not have, individually or in each case based on the classification and certification requirements in effect on the date hereofaggregate, a Material Adverse Effect.

Vessel Classification. Each of the Owned Vessels Vessel is classed by a classification society which is a full member of the International Association of Classification Societies and such each Owned Vessels are Vessel is in class with valid class and trading certificates, without any overdue recommendations, in each case based on the classification and certification requirements in effect on the date hereof.