Vessels Condition and Maintenance. (1) Each Vessel shall be constructed, maintained and operated so as to meet, at all times, the highest classification, certification, rating and inspection standards for Vessels of the same age and type as my be imposed by the Classification Society; provided that, the foregoing shall not apply if the Vessel has been (i) under Government Use; (ii) an actual or constructive total loss or an agreed or compromised total loss of such Vessel; or (iii) any other loss with respect to such Vessel and the Shipowner shall not have had a reasonable time to repair the same;
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Samples: Security Agreement (American Classic Voyages Co), Security Agreement (American Classic Voyages Co), Security Agreement (American Classic Voyages Co)
Vessels Condition and Maintenance. (1) Each Vessel shall be constructed, maintained and operated so as to meet, at all times, the highest classification, certification, rating and inspection standards for Vessels of the same age and type as my may be imposed by the Classification Society; provided that, the foregoing shall not apply if the Vessel has been (i) under Government Use; , (ii) an actual or constructive total loss or an agreed or compromised total loss of such Vessel; , or (iii) any other loss with respect to such Vessel and the Shipowner shall not have had a reasonable time to repair the same;
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Samples: www.maritime.dot.gov, Security Agreement (Chiles Offshore Inc/New/)
Vessels Condition and Maintenance. (1) Each Vessel shall be constructed, maintained and operated so as to meet, at all times, the highest classification, certification, rating and inspection standards for Vessels of the same age and type as my may be imposed by the Classification Society; provided provide that, the foregoing shall not apply if the Vessel has been (i) under Government Use; , (ii) an actual or constructive total loss or an agreed or compromised total loss of such Vessel; , or (iii) any other loss with respect to such Vessel and the Shipowner Shipowner’s shall not have had a reasonable time to repair the same;
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Vessels Condition and Maintenance. (1) Each Vessel shall be constructed, maintained and operated so as to meet, at all times, the highest classification, certification, rating and inspection standards for Vessels of the same age and type as my may be imposed by the Classification Society; provided thatPROVIDED THAT, the foregoing shall not apply if the Vessel has been (i) under Government Use; , (ii) an actual or constructive total loss or an agreed or compromised total loss of such Vessel; , or (iii) any other loss with respect to such Vessel and the Shipowner shall not have had a reasonable time to repair the same;
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Samples: Security Agreement (K-Sea Tranportation Partners Lp)
Vessels Condition and Maintenance. (1) Each Vessel shall be constructed, maintained and operated so as to meet, at all times, the highest classification, certification, rating and inspection standards for Vessels of the same age and type as my be imposed by the Classification Society; provided that, the foregoing shall not apply if the Vessel has been (i) under Government Use; , (ii) an actual or constructive total loss or an agreed or compromised total loss of such Vessel; , or (iii) any other loss with respect to such Vessel and the Shipowner shall not have had a reasonable time to repair the same;
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