Inspections and class records. (a) The Borrowers shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent to inspect the Vessels once each year for the account of the Borrower upon the Agent giving prior written notice. The Borrowers shall pay the costs of up to 2 (two) inspections throughout the term of the Facility.
Appears in 2 contracts
Samples: Credit Facilities Agreement, Credit Facilities Agreement (KNOT Offshore Partners LP)
Inspections and class records. (a) The Borrowers Borrower shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent and/or each of the Lenders (for the account of such Lender(s)) to inspect the Vessels once each a year for the account of the Borrower upon the Agent giving prior written notice. The Borrowers shall pay the costs of up to 2 (two) inspections throughout the term of the Facility.
Appears in 2 contracts
Samples: Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc), General Geophysics Co
Inspections and class records. (a) The Borrowers Borrower shall permit, and shall procure that cause any charterers and/or managers to permit, one person appointed by the Agent and/or each of the Lenders (for the account of such Lender(s)) to inspect the Vessels once each a year for the account of the Borrower upon the Agent giving prior written notice. The Borrowers shall pay the costs of up to 2 (two) inspections throughout the term of the Facility.
Appears in 1 contract
Samples: Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
Inspections and class records. (a) The Borrowers Borrower shall permit, and shall procure that cause any charterers and/or managers to permit, one person appointed by the Agent and/or each of the Lenders (for the account of such Lender(s)) to inspect the Vessels once each a year for the account of the Borrower upon the Agent giving prior written notice. The Borrowers shall pay the costs of up to 2 (two) inspections throughout the term of the Facility.
Appears in 1 contract
Samples: Second Amendment and Restatement Agreement (Gulfmark Offshore Inc)
Inspections and class records. (a) The Borrowers Borrower shall permit, and shall procure that any charterers and/or managers permit, one person appointed by the Agent to inspect the Vessels once each a year for the account of the Borrower upon the Agent giving prior written notice. The Borrowers shall pay the costs of up to 2 (two) inspections throughout the term of the Facility.
Appears in 1 contract
