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Common use of Flag Clause in Contracts

Flag. Each Owner shall (and the Borrower shall procure that each Owner will) maintain its Vessel with a flag acceptable to the Majority Lenders.

Appears in 2 contracts

Sources: Term Loan Facility Agreement (Ship Finance International LTD), Amendment Agreement (Ship Finance International LTD)

Related Clauses

  • Vessels
  • USE OF UNITED STATES-FLAG VESSELS
  • Bulk Migration
  • Packaging and Shipping
  • Shipping

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES OF SELLER REGARDING THE VESSEL
  • Representations and Warranties Of
  • U.S Tax Classification
  • REPRESENTATIONS AND WARRANTIES OF THE SELLER ENTITIES REGARDING THE VESSEL
  • Definitions
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