Common use of Inspections and class records Clause in Contracts

Inspections and class records. a) The Obligors shall permit, and shall procure that any charterers permit, one person appointed by the Agent to inspect the Vessels once a year for the account of the Borrowers upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels.

Inspections and class records. a) The Obligors Borrower shall permit, and shall procure that any charterers permit, one person appointed by the Agent to inspect the Vessels Vessel, for as long as no Event of Default has occurred, once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice, and following the occurrence of an Event of Default at any time at the Borrower’s cost. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the VesselsVessel.

Inspections and class records. a) The Obligors shall permit, and shall procure that any charterers permit, one person appointed by the Agent to inspect the Vessels once a year for the account of the Borrowers Borrower upon the Agent giving prior written notice. For as long as no Event of Default has occurred, such inspection shall not interfere with the commercial planning/operation of the Vessels.