Classification Society or “Class” means the Society referred to in line 4.
Classification Society or "Class" means the Society referred to in line 4.
Classification Society means, in relation to each Vessel, any International Association of Classification Societies classification society which the Lenders shall, at the request of the Borrowers, have agreed in writing shall be treated as the classification society in relation to such Vessel for the purposes of the relevant Ship Security Documents;
Examples of Classification Society in a sentence
Seller agrees to transmit via electronic delivery document, an invoice or proforma invoice and all applicable certificates - including, if applicable but without limitation, Material Safety Data Sheets, and U.S. Coast Guard, flag state and/or Classification Society certifications - to Buyer at least 24 hours before shipping any Products.
More Definitions of Classification Society
Classification Society means the Society referred to above.
Classification Society means, in respect of any Mortgaged Vessel, Bureau Veritas, the American Bureau of Shipping, Lloyd’s Register of Shipping, Det norske Veritas, or such other classification society that is a member of the International Association of Classification Societies (IACS) as selected by the Company that is reasonably acceptable to the Administrative Agent.
Classification Society means, in relation to each Vessel, any IACS classification society which the Bank shall, at the request of the Borrower, have agreed in writing shall be treated as the classification society in relation to such Vessel for the purposes of the relevant Ship Security Documents;
Classification Society means, in relation to a Ship, Det Norske Veritas or such other first-class vessel classification society that is a member of IACS that the Agent may, with the consent of the Majority Lenders (such consent not to be unreasonably withheld), approve from time to time;
Classification Society means a member of the International Association of Classification Societies with whom the Vessels are entered and who conducted periodic physical surveys and/or inspections of the Vessels;
Classification Society means, in relation to a Ship, the classification society specified in Schedule 2 (Ship information) or another classification society approved by the Majority Lenders as its Classification Society, at the request of the relevant Owner.
Classification Society means the American Bureau of Shipping or such other classification society which is a member of the International Association of Classification Societies and which the Agent shall at the Borrower’s request have agreed in writing shall be treated as the Classification Society for the Vessel for the purpose of the Security Documents.