Approved Ship Registry means the Xxxxxxxx Islands Ship Registry, the Hong Kong Ship Registry and any ship registry as approved in writing by the Agent (on behalf of the Finance Parties and the Hedging Banks).
Approved Ship Registry means the Norwegian Ordinary Ship Registry (NOR), the Norwegian International Ship Registry (NIS), the Bahamas and the UK Ship Registry, or any ship registry as approved in writing by the Agent (on behalf of all Lenders).
Approved Ship Registry means each of the Xxxxxxxx Islands, the Norwegian International Ship Registry (NIS), Liberia or such other international ship registry as may be approved in writing by all the Lenders. "Approved Classification Society" means each of DNV GL, Lloyds Register, American Bureau of Shipping (ABS), Bureau Veritas or such other IACS classification society as may be pre-approved in writing by all the Lenders, such approval not to be unreasonably withheld or delayed. "Article 55 BRRD" means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms. "Assignment of Earnings and Charterparties" means a first priority assignment granted or to be granted by the Borrower in favour of the Security Agent (on behalf of the Finance Parties) of any of the Borrower's (i) rights, titles and interests to any Earnings, and (ii) in respect of any charterparty for the Vessel with a firm term (excluding options) exceeding twelve (12) months, its rights, titles and interests to same, to be in form and substance acceptable to the Security Agent. "Assignment of Hedging Claims" means a first priority assignment granted or to be granted by the Borrower in favour of the Security Agent (on behalf of the Finance Parties) of the Borrower's rights, titles and interests under any Hedging Agreements related to the Facilities, to be in form and substance acceptable to the Security Agent. "Assignment of Insurances" means a first priority assignment granted or to be granted by the Borrower in favour of the Security Agent (on behalf of the Finance Parties) of the Insurances relating to the Vessel, to be in form and substance acceptable to the Security Agent.
Examples of Approved Ship Registry in a sentence
Subject to substitution of the relevant Mortgage, and closing arrangements satisfactory to the Agent, the Lenders may not refuse a Borrower's request to change the registry of a Vessel from one Approved Ship Registry to another Approved Ship Registry, unless a Default has occurred.
The Borrower may not move the Vessel to any other ship register or Approved Ship Registry without the prior written consent of the Agent.
The Borrower may move the Vessel to any other Approved Ship Registry by notifying the Agent in writing ten (10) Business Days in advance of such move of the Vessel.
The Borrower shall not change the flag, name or registry of any of the Vessels, without the prior written consent of the Agent (on behalf of the Lenders) (not to be withheld in case of change to an Approved Ship Registry).
On and at any time after the occurrence of an Event of Default which is continuing, the Borrowers undertake to ensure that (i) the bareboat registration of the Vessels in the Bareboat Registry is immediately terminated and deleted, and the original registration in the Approved Ship Registry re-activated and/or (ii) the Bareboat Charters and the Sub-Bareboat Charters are terminated, should the Security Trustee (on behalf of the Lender and the Hedging Bank) so require.
More Definitions of Approved Ship Registry
Approved Ship Registry means the Marshall Islands Ship Registry, the Hong Kong Ship Registry and any ship registry as approved in writing by the Agent (on behalf of the Finance Parties and the Hedging Banks).
Approved Ship Registry means each of the Xxxxxxxx Islands, the Norwegian International Ship Registry (NIS), Liberia or such other international ship registry as may be approved in writing by all the Lenders. "Approved Classification Society" means each of DNV GL, Lloyds Register, American Bureau of Shipping (ABS), Bureau Veritas or such other IACS classification society as may be pre-approved in writing by all the Lenders, such approval not to be unreasonably withheld or delayed. "Assignment of Earnings and Charterparties" means a first priority assignment granted or to be granted by the Borrower in favour of the Security Agent (on behalf of the Finance Parties) of any of the Borrower's (i) rights, titles and interests to any Earnings, and (ii) in respect of any charterparty for the Vessel with a firm term (excluding options) exceeding twelve (12) months, its rights, titles and interests to same, to be in form and substance acceptable to the Security Agent. "Assignment of Hedging Claims" means a first priority assignment granted or to be granted by the Borrower in favour of the Security Agent (on behalf of the Finance Parties) of the Borrower's rights, titles and interests under any Hedging Agreements related to the Facilities, to be in form and substance acceptable to the Security Agent. "Assignment of Insurances" means a first priority assignment granted or to be granted by the Borrower in favour of the Security Agent (on behalf of the Finance Parties) of the Insurances relating to the Vessel, to be in form and substance acceptable to the Security Agent. "Assignment of Intercompany Loans" means a first priority assignment of any claims against the Borrower from any Guarantor, and any claims against any Guarantor from the Borrower, in favour of the Security Agent (on behalf of the Finance Parties) to be in form and substance acceptable to the Security Agent, and to include a statement of subordination, whereby the relevant creditor subordinates its claims against the relevant debtor to the claims of the Finance Parties under the Finance Documents. "Authorisations" means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration. "Availability Period" means 10127241/1 5
Approved Ship Registry means each of the Xxxxxxxx Islands, the Norwegian International Ship Registry (NIS), Liberia or such other international ship registry as may be approved in writing by all the Lenders. "Approved Classification Society" means each of DNV, Lloyds Register, American Bureau of Shipping (ABS), Bureau Veritas or such other IACS classification society as may be pre-approved in writing by all the Lenders, such approval not to be unreasonably withheld or delayed. "Article 55 BRRD" means Article 55 of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms. "Assignment of Earnings and Charterparties" means a first priority assignment granted or to be granted by each Borrower in favour of the Security Agent (on behalf of the Finance Parties) of any of the Borrowers' (i) rights, titles and interests to any Earnings, and (ii) in respect of any Charter Contract for the Vessels, its
Approved Ship Registry means, the international ship registers of Liberia, the Republic of the Xxxxxxxx Islands, Panama, the Republic of Vanuatu and any other jurisdictions approved by the Lenders. “Arrangers” means the Mandated Lead Arranger. “Assignment of Earnings” means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis) of all Earnings payable to any Rig Owner and/or Intra-Group Charterer, to be made between such relevant Obligor and the Agent (on behalf of the Secured Parties) as security for the Secured Obligations. “Assignment of Hedging Agreements” means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis) of the relevant Obligor's (other than the Parent) rights under any Hedging Agreement to be made between that Obligor and the Security Agent (on behalf of the Secured Parties) as security for the Secured Obligations. “Assignment of Insurances” means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis) of all proceeds payable to any Rig Owner or Intra- Group Charterer under the Insurances for each Rig, to be made between the relevant Obligors and the Security Agent (on behalf of the Secured Parties) as collateral for the Obligors’ obligations under the Finance Documents, in form and substance satisfactory to all the Finance Parties. “Assignment of Intra-Group Loans” means an assignment agreement (whether by way of a separate agreement or an agreement containing other security) for the first priority perfected assignment (on a limited recourse basis), and (if applicable) the subordination of, of all receivables in respect of any intra-group loans and receivables not paid within 45 days provided by any member of the Group as creditor to any Rig Owner or SPV Intra-Group Charterer as debtor if such receivables for the relevant Rig Owner or SPV Intra-Group Charterer in aggregate exceed USD 1,000,000, to be made between the relevant creditor and the Security Agent (on behalf of the Secured Parties) as security for the Secured Obligations. “Authorisation” means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration. “Availability Period” means (a) i...
Approved Ship Registry means the Norwegian International Ship Registry, the Norwegian Ordinary Ship Registry, the Ship Register of the United Kingdom, and in respect of NAO Viking the Xxxxxxxx Islands Ship Register in combination with a bareboat registration in the name of PSV Charterer Guarantor A in the Bermudan Ship Register, in respect of NAO Guardian the Xxxxxxxx Islands Ship Register in combination with a bareboat registration in the name of PSV Charterer Guarantor A in the UK Ship Register and in respect of NAO Horizon, NAO
Approved Ship Registry means the Maltese ship registry or any other ship registry as approved in writing by the Agent.
Approved Ship Registry means the ship registry of Bahamas or such other ship registry as approved by the Bond Trustee.