Common use of Vessel Items Clause in Contracts

Vessel Items. Lender shall have received the results of a survey of the Vessel, and certified copies of valid and unexpired documents that indicate that the Vessel satisfies the requirements contained in Section 4.19, in each such case that are satisfactory to Lender, in the exercise of its sole discretion. There shall have been no change in the condition of the Vessel or in the existence aboard or condition of any equipment listed in such survey since the date of the surveyor's inspection thereof, except for ordinary wear and tear.