Approved Flag Jurisdiction definition
Approved Flag Jurisdiction means Vanuatu, the ▇▇▇▇▇▇▇▇ Islands, Mexico, Canada, Liberia and Panama. In connection with re-flagging any Fleet Assets from the United States to any Approved Flag Jurisdiction, Borrowers shall have delivered to Agent and Lenders an updated Acceptable Appraisal giving effect to such re-flagging before any such Fleet Asset may be an Eligible Fleet Asset.
Approved Flag Jurisdiction means (x) the United States of America, Mexico, Brazil, Vanuatu, ▇▇▇▇▇▇▇▇ Islands, Guyana, Colombia, and (y) any other flag state constituting an internationally recognized open ship registry used by U.S. shipping companies (as determined in good faith by the Borrower) or other flag state instituting a cabotage regime, which in the Borrower’s or any Restricted Subsidiary’s good faith judgment is necessary or desirable in order to pursue customer opportunities in such non-U.S. jurisdictions, in each case under this clause (y) subject to the approval of the Administrative Agent, such approval not to be unreasonably withheld, conditioned or delayed.
Approved Flag Jurisdiction means Bahamas, Brazil, Canada, Cyprus, Gibraltar, Greece, Isle of Man, Liberia, M▇▇▇▇▇▇▇ Islands, Mexico, Norway (either registry), Panama, Singapore, the United States, Vanuatu, or any other jurisdiction acceptable to the Facility Agent (with the consent of the Majority Lenders).
Examples of Approved Flag Jurisdiction in a sentence
To execute and deliver in favor of the Security Trustee on the date which the Vessel is reflagged under the laws of another Approved Flag Jurisdiction, a Mortgage, an Earnings Assignment, Insurances Assignment and, if applicable, a Charter Assignment, and arrange for the delivery of all such documents required thereunder.
More Definitions of Approved Flag Jurisdiction
Approved Flag Jurisdiction means Vanuatu, the Marshall Islands, Mexico, Canada, Liberia and Panama. In connection with re-flagging any Fleet Assets from the United States to any Approved Flag Jurisdiction, Borrowers shall have delivered to Agent and Lenders an updated Acceptable Appraisal giving effect to such re-flagging before any such Fleet Asset may be an Eligible Fleet Asset.
Approved Flag Jurisdiction means the Republic of ▇▇▇▇▇▇▇▇ Islands, the United States, Mexico (solely with respect to ▇▇▇▇▇▇ ▇▇▇▇▇▇, SEACOR MIXTECA and ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇), Nigeria (solely with respect to the bareboat registration of ▇▇▇ ▇. ▇▇▇▇▇▇ and SEACOR CHEETAH) or such other jurisdiction as may be approved by the Security Trustee (acting at the direction of the Majority Lenders);
Approved Flag Jurisdiction means the Republic of ▇▇▇▇▇▇▇▇ Islands, the United States, or such other jurisdiction as may be approved by the Security Trustee (acting at the direction of the Majority Lenders);
Approved Flag Jurisdiction means the Republic of Marshall Islands, the United States, or such other jurisdiction as may be approved by the Security Trustee (acting at the direction of the Majority Lenders);