Maintenance of class Sample Clauses

Maintenance of class compliance with laws and codes The Ship’s class shall be the relevant Classification. The Ship and every person who owns, operates or manages the Ship shall comply in all material respects with all applicable laws and the requirements of all applicable codes. There shall be kept in force and on board the Ship or in such person’s custody any applicable operating certificates which are required by applicable laws or applicable codes to be carried on board the Ship or to be in such person’s custody.
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Maintenance of class compliance with regulations to maintain the relevant Classification (as defined in the Loan Agreement) as the class of the Ship and to comply with and ensure that the Ship at all times complies with the provisions of all laws, regulations and requirements (statutory or otherwise) from time to time applicable to vessels registered under the laws and flag of the relevant Flag State (as defined in the Loan Agreement) or otherwise applicable to the Ship;
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Maintenance of class compliance with regulations at all times and without cost or expense to any Creditor comply with and ensure that the Ship at all times complies with the provisions of all regulations and requirements (statutory or otherwise) from time to time applicable to vessels registered at the Port of Registry or otherwise applicable to the Ship and keep the Ship, or cause the Ship to be kept, in such condition as will entitle it to maintain the Classification as the class of the Ship free of any material overdue recommendations and to deliver annually to the Facility Agent a certificate from the Classification Society showing such Classification to be maintained.
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Maintenance of class. The Lampung FSRU’s class shall be, and shall be maintained throughout the Mortgage Period as, the Classification.
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Maintenance of class compliance with laws and codes The Ship’s class shall be the relevant Classification with the relevant Classification Society and neither the Classification nor the Classification Society of the Ship shall be changed without approval. The Ship and every person who owns, operates or manages the Ship shall comply with all applicable laws and the requirements of all applicable codes and regulations (including but not limited to all Environmental Laws and all Sanctions). There shall be kept in force and on board the Ship or in such person’s custody any applicable operating certificates which are required by applicable laws or applicable codes to be carried on board the Ship or to be in such person’s custody.
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Maintenance of class. The Issuer and the Parent shall ensure that the Vessels maintain their class (other than the Jascon 30), flag (subject to Clause 13.7.2) and name, and that they remain registered in Gibraltar, Nigeria or St. Xxxxxxx and The Grenadines (or other ship registry reasonable satisfactory to the Bond Trustee).
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Maintenance of class compliance with laws, regulations and codes The Vessel’s class shall be the Classification. The Owner shall and shall procure that the Vessel and every person who owns, operates or manages the Vessel shall comply in all respects with all applicable laws and regulations to which it is subject where failure to do so is reasonably likely to have a Material Adverse Effect and the requirements of all applicable codes. There shall be kept in force and on board the Vessel or in such person’s custody any applicable operating certificates which are required by applicable laws or applicable codes to be carried on board the Vessel or to be in such person’s custody.
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Maintenance of class. COMPLIANCE WITH REGULATIONS at all times and without cost or expense to any Creditors keep its Mortgaged Vessel, or cause her to be kept, in such condition as will entitle her to the highest classification or, with the prior written consent of the Facility Agent, such other classification satisfactory to the Facility Agent (acting upon the instructions of the Lenders), at any time free of any conditions and all recommendations that affect classification and rating for vessels of the same age and type in the Classification Society or other classification society of like standing approved by the Majority Lenders and to deliver to the Facility Agent within fourteen (14) days of receipt from the relevant Classification Society a certificate from such Classification Society showing such Classification to be maintained and will without cost or expense to the Facility Agent instruct and authorise each Classification Society to give an undertaking to the Facility Agent as follows:
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Related to Maintenance of class

  • Maintenance of Agencies (a) With respect to each series of Certificates, there shall at all times be maintained an office or agency in the location set forth in Section 12.04 where Certificates of such series may be presented or surrendered for registration of transfer or for exchange, and for payment thereof, and where notices and demands, to or upon the Trustee in respect of such Certificates or this Agreement may be served; provided, however, that, if it shall be necessary that the Trustee maintain an office or agency in another location with respect to the Certificates of any series (e.g., the Certificates of such series shall be represented by Definitive Certificates and shall be listed on a national securities exchange), the Trustee will make all reasonable efforts to establish such an office or agency. Written notice of the location of each such other office or agency and of any change of location thereof shall be given by the Trustee to the Company, any Owner Trustees, the Loan Trustees (in the case of any Owner Trustee or Loan Trustee, at its address specified in the Note Documents or such other address as may be notified to the Trustee) and the Certificateholders of such series. In the event that no such office or agency shall be maintained or no such notice of location or of change of location shall be given, presentations and demands may be made and notices may be served at the Corporate Trust Office of the Trustee.

  • Maintenance of Liquidity Seller shall ensure that, at all times, it has unrestricted cash and Cash Equivalents in an amount not less than the related Liquidity Amount.

  • Maintenance of Listing The Company will use commercially reasonable efforts to effect and maintain the listing of (x) the Units and Warrants on the NYSE (or another national securities exchange) until the consummation of the Business Combination or until such earlier time at which the Liquidation occurs, and (y) the Common Stock on the NYSE (or another national securities exchange) until five years from the date of the consummation of the Business Combination or until such earlier time at which Liquidation occurs.

  • Maintenance of Account In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3 hereof, the Securities Intermediary agrees to maintain the Account as follows:

  • Maintenance of Aircraft Lessor shall be solely responsible for securing maintenance, preventive maintenance and inspections of the Aircraft (utilizing an inspection program listed in FAR Section 91.409(f)), and shall take such requirements into account in scheduling the Aircraft hereunder.

  • Maintenance of Liens Each Borrower shall perform all such acts and execute all such documents as Administrative Agent may reasonably request in order to enable Administrative Agent and the Lenders to file and record every instrument that Administrative Agent may reasonably deem necessary in order to perfect and maintain Administrative Agent’s first priority Liens on the Collateral (subject to Permitted Liens).

  • Maintenance of Business Each of the Parent and the Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10(c) hereof. Each of the Parent and the Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Licenses The Owner Trustee will obtain and maintain any licenses that the Administrator informs the Owner Trustee are required to be obtained or maintained by the Owner Trustee under the laws of any State in connection with the Owner Trustee’s duties and obligations under the Transaction Documents.

  • Maintenance of Patents 11 5.5. Prosecution of Patent Application................................. 11 5.6.

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