Common use of Lay up Clause in Contracts

Lay up. Except with approval, the Ship shall not be laid up or deactivated.

Appears in 9 contracts

Samples: Agreement (Navigator Holdings Ltd.), Agreement (Danaos Corp), This Agreement (Diana Shipping Inc.)

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Lay up. Except with approval, the a Ship shall not be laid up or deactivated.

Appears in 2 contracts

Samples: Agreement (Cool Co Ltd.), Agreement (Cool Co Ltd.)

Lay up. Except with approvalapproval of the Majority Lenders, the Ship shall not be laid up or deactivated.

Appears in 2 contracts

Samples: Agreement (Teekay Tankers Ltd.), Agreement (Teekay Tankers Ltd.)

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Lay up. Except with approvalapproval (such approval not to be unreasonably withheld), the no Ship shall not be laid up or deactivated.

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

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