Common use of Vessel Flags Clause in Contracts

Vessel Flags. The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, change the flag under which any Mortgaged Vessel is registered or register a Mortgaged Vessel under any flag unless (a) the Parent shall have provided at least 10 Business Days’ (or such shorter period permitted by each Administrative Agent in its sole discretion) advance notice to each Administrative Agent, (b) the flag under which such Mortgaged Vessel is to be registered is listed on Schedule 8.19 or is otherwise acceptable to each Administrative Agent in its sole discretion and (c) each Borrower:

Vessel Flags. The Parent and the Borrowers Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, change the flag under which any Mortgaged Vessel is registered or register a Mortgaged Vessel under any flag unless (a) the Parent shall have provided at least 10 Business Days’ (or such shorter period permitted by each the Administrative Agent in its sole discretion) advance notice to each the Administrative Agent, (b) the flag under which such Mortgaged Vessel is to be registered is listed on Schedule 8.19 or is otherwise acceptable to each the Administrative Agent in its sole discretion and (c) each BorrowerApplicant:

Vessel Flags. The Parent and the Borrowers Borrower shall not, and shall not permit any of their respective its Restricted Subsidiaries to, change the flag under which any Mortgaged Vessel is registered or register a Mortgaged Vessel under any flag unless (a) the Parent Borrower shall have provided at least 10 Business Days’ (or such shorter period permitted by each the Administrative Agent in its sole discretion) advance notice to each the Administrative Agent, (b) the flag under which such Mortgaged Vessel is to be registered is listed on Schedule 8.19 or is otherwise acceptable to each the Administrative Agent in its sole discretion and (c) each the Borrower: