Common use of Evidence of Current COFR Clause in Contracts

Evidence of Current COFR. The Borrower will, if and for so long as the Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the Vessel under that Act and will comply strictly with the requirements of that Act.

Evidence of Current COFR. The Each Borrower will, if and for so long as the its Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, obtain and retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the its Vessel under that Act Act, will provide the Agent with evidence of that Certificate, and will comply strictly with the requirements of that Act.

Evidence of Current COFR. The Each Borrower will and shall procure that the Collateral Owner will, if and for so long as the its Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, obtain and retain and provide the Lender with a copy of, a valid Certificate of Financial Responsibility for the its Vessel under that Act Act, will provide the Lender with evidence of that Certificate, and will comply strictly with the requirements of that Act.

Evidence of Current COFR. The Borrower shall procure that each Collateral Owner will, if and for so long as the its Vessel trades in the United States of America and Exclusive Economic Zone (as defined in the United States Oil Pollution Act 1990), obtain, retain and provide the Lender Agent with a copy of, a valid Certificate of Financial Responsibility for the its Vessel under that Act and will comply strictly with the requirements of that Act.