Classification society undertaking. Each Borrower shall instruct the classification society of the Ship owned by it to do all or any of the following after the occurrence of an Event of Default or (and procure that the classification society undertakes with the Security Trustee at such time):
Appears in 3 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)
Classification society undertaking. Each The Borrower shall procure that each Owner shall instruct the classification society of the Ship owned by it to do all or any of the following after the occurrence of an Event of Default or a Potential Event of Default (and procure that the classification society undertakes with the Security Trustee at such time):
Appears in 2 contracts
Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)
Classification society undertaking. Each The Borrower shall procure that the Owner shall instruct the classification society of the Ship owned by it to do all or any of the following after the occurrence of an Event of Default or a Potential Event of Default (and procure that the classification society undertakes with the Security Trustee Lender at such time):
Appears in 2 contracts
Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)
Classification society undertaking. Each The Borrower shall procure that each Owner shall instruct the classification society Classification Society of the Ship or Ships (as the case may be) owned by it to do all or any of the following at any time after the occurrence of a Potential Event of Default or an Event of Default or which is continuing (and procure that the classification society Classification Society undertakes with the Security Trustee Agent at such time):
Appears in 1 contract
Classification society undertaking. Each The Borrower shall procure that each Owner shall instruct the classification society of the Ship owned by it to do all or any of the following at any time after the occurrence of an Event of Default or which is continuing (and procure that the classification society undertakes with the Security Trustee at such time):
Appears in 1 contract
