Permitted Flag Jurisdiction definition

Permitted Flag Jurisdiction means the Republic of the Mxxxxxxx Islands, the Bahamas, Panama, Bermuda, the Republic of Cyprus, Isle of Man, Liberia, the United Kingdom, the United States of America, or any other jurisdiction approved by the Administrative Agent (such approval not to be withheld unreasonably).

Permitted Flag Jurisdiction means any of the Republic of the Xxxxxxxx Xxxxxxx, xxx Xxxxxxxx xx Xxxxxxx, xxx Xxxxxxxx xx Xxxxxx, Xxxxxx, Malta, the Republic of Cyprus, the Commonwealth of the Bahamas, the British Virgin Islands and the Hong Kong Special Administrative Region of the People’s Republic of China and any other jurisdiction generally acceptable to institutional lenders in the shipping industry, as determined in good faith by the Board of Directors.

Permitted Flag Jurisdiction means the Republic of the Marshall Islands, the Bahamas, Panama, Bermuda, the Republic of Cyprus, Isle of Man, Liberia, the United Kingdom, the United States of America, or any other jurisdiction approved by the Administrative Agent (such approval not to be withheld unreasonably).

Examples of Permitted Flag Jurisdiction in a sentence

• The Company shall cause each Subsidiary Guarantor and the Co-Borrower to keep each Mortgaged Vessel registered under the laws of a Permitted Flag Jurisdiction and furnish to the Administrative Agent copies of all renewals and extensions of such registration.

• Each of the Credit Documents is in proper legal form under the laws of the applicable Permitted Flag Jurisdiction for the enforcement thereof under such laws, subject only to such matters which may affect enforceability arising under the law of the State of New York.

• The Company shall cause the Subsidiary Guarantor to keep the Mortgaged Vessel registered under the laws of a Permitted Flag Jurisdiction and furnish to the Administrative Agent copies of all renewals and extensions of such registration.

• To ensure the legality, validity, enforceability or admissibility in evidence of each such Credit Document in the applicable Permitted Flag Jurisdiction, it is not necessary that any Credit Document or any other document be filed or recorded with any court or other authority in the applicable Permitted Flag Jurisdiction, except as have been made, or will be made, in accordance with Section 9.11(c).

• Each Credit Party which owns or operates one or more Mortgaged Vessels is, or will be, qualified to own and operate such Mortgaged Vessels under the laws of a Permitted Flag Jurisdiction.

More Definitions of Permitted Flag Jurisdiction

Permitted Flag Jurisdiction means any of the Republic of the Marshall Islands, the Republic of Liberia, the Republic of Panama, Greece, Malta, the Republic of Cyprus, the Commonwealth of the Bahamas, the British Virgin Islands and the Hong Kong Special Administrative Region of the People’s Republic of China and any other jurisdiction generally acceptable to institutional lenders in the shipping industry, as determined in good faith by the Board of Directors.

Permitted Flag Jurisdiction means the Republic of the Xxxxxxxx Islands, the United States of America, any State of the United States or the District of Columbia, the Commonwealth of the Bahamas, the Republic of Liberia, the Republic of Panama, the Commonwealth of Bermuda, Singapore, the British Virgin Islands, the Cayman Islands, the Isle of Man, Cyprus, the Philippines, Norway, Greece, the United Kingdom, Argentina, Malta, Brazil, Chile, Paraguay, India, Bolivia, Spain, Uruguay and any other jurisdiction generally acceptable to institutional lenders in the shipping industry, as determined in good faith by the Board of Directors of the Company;

Permitted Flag Jurisdiction means any of Hong Kong, the Marshall Islands, Panama, the Bahamas, the United Kingdom, France, Germany, Netherlands, Denmark, Norway, Sweden, Greece, the Republic of Cyprus (excluding the Turkish Republic of Northern Cyprus), Ireland, Belgium, the Channel Islands, Malta, Gibraltar, Liberia, Singapore, Isle of Man, Bermuda, British Virgin Islands, Cayman Islands and any other jurisdiction generally acceptable to institutional lenders in the shipping industry, as determined in good faith by the Issuer.

Permitted Flag Jurisdiction any of the Republic of the Xxxxxxxx Xxxxxxx, xxx Xxxxxxxx xx Xxxxxxx, xxx Xxxxxxxx xx Xxxxxx, Xxxxxx, Malta, the Republic of Cyprus and the Commonwealth of the Bahamas and any other jurisdiction generally acceptable to institutional lenders in the shipping industry, as determined in good faith by the Company.

Permitted Flag Jurisdiction shall have the meaning provided in the Senior Notes Indenture (as in effect on the Effective Date and without giving effect to any further amendment, modification, supplement or waiver thereto).

Permitted Flag Jurisdiction means Bermuda and the Xxxxxxxx Islands and such other jurisdiction as shall be consented to in writing by IBG.

Permitted Flag Jurisdiction means the United Kingdom, the Isle of Man, the Commonwealth of Bermuda, the British Virgin Islands, the Cayman Islands, the United States of America, any State of the United States or the District of Columbia, the Commonwealth of the Bahamas, the Republic of the Xxxxxxxx Islands, the Republic of Liberia, the Republic of Panama, Singapore, Cyprus, the Philippines, Xxxxxxx, Xxxxxx, Xxxxxx, Xxxxx, Xxxxx, and any other jurisdiction generally acceptable to institutional lenders in the shipping industry, as determined in good faith by the Board of Directors of the Company or any committee thereof duly authorized to act on behalf of such Board of Directors.