Acceptable Flag Jurisdiction definition
Acceptable Flag Jurisdiction means the Bahamas, Bermuda, Panama, the ▇▇▇▇▇▇▇▇ Islands, the United States or such other flag jurisdiction as may be acceptable to the Required Lenders in their reasonable discretion.
Acceptable Flag Jurisdiction shall have the meaning provided in Section 8.14.
Acceptable Flag Jurisdiction means such flag jurisdictions as are listed on Schedule 1.01(c) or otherwise approved by the Administrative Agent (acting on the instructions of the Required Lenders (such approval not to be unreasonably withheld)).
Examples of Acceptable Flag Jurisdiction in a sentence
The Borrower shall notify the Administrative Agent and the Common Security Agent of any change in (i) ownership of a Collateral Rig or (ii) the jurisdiction of the flag under which any Collateral Rig is registered (in all cases to an Acceptable Flag Jurisdiction), in each case, no later than three (3) Business Days following any such change.
More Definitions of Acceptable Flag Jurisdiction
Acceptable Flag Jurisdiction means each of the United States of America, the Republic of Liberia, the ▇▇▇▇▇▇▇▇ Islands, Vanuatu, the Bahamas, Panama and any other jurisdiction reasonably acceptable to the Administrative Agent.
Acceptable Flag Jurisdiction means the Republic of the Marshall Islands, the Republic of Liberia, the Republic of Vanuatu, the Bahamas, Panama, Malta, Denmark and Switzerland.
Acceptable Flag Jurisdiction means Norway, the Republic of the ▇▇▇▇▇▇▇▇ Islands, the Republic of Liberia, the Republic of Vanuatu, the Bahamas, Panama, Malta, Denmark and Switzerland.
Acceptable Flag Jurisdiction means such flag jurisdictions as are listed on Schedule 1.01(c) or otherwise approved by the Administrative Agent (such approval not to be unreasonably withheld).
Acceptable Flag Jurisdiction means the Republic of the ▇▇▇▇▇▇▇▇ Islands, the Republic of Liberia, the Republic of Vanuatu, the Bahamas, Panama, Malta, Denmark and Switzerland, or any other jurisdiction approved by the Administrative Agent; provided that for any jurisdiction not specified herein that is approved by the Administrative Agent, a mortgagee of a Rig would be entitled to enforce remedies under a Mortgage of such Rig governed by the law of such jurisdiction on terms consistent with, in all material respects, or better than, the remedies that the Collateral Agent would be entitled to enforce under the Mortgages of the Specified Rigs on the Effective Date.
Acceptable Flag Jurisdiction means each of the United States of America, the Republic of Liberia, the Marshall Islands, Vanuatu, the Bahamas, Panama and any other jurisdiction reasonably acceptable to the Administrative Agent.
Acceptable Flag Jurisdiction means the Bahamas, Bermuda, Panama, the Marshall Islands, the United States or such other flag jurisdiction as may be acceptable to the Required Lenders in their reasonable discretion.