Common use of Material Changes in the Vessels Clause in Contracts

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the Secretary's prior written consent.

Appears in 5 contracts

Sources: Security Agreement (American Classic Voyages Co), Security Agreement (Chiles Offshore Inc/New/), Security Agreement (American Classic Voyages Co)

Material Changes in the Vessels. After The Mortgagor shall not, after the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the SecretaryMortgagee's prior written consent.

Appears in 3 contracts

Sources: Consolidated Agreement (Matson, Inc.), First Preferred Fleet/Ship Mortgage, First Preferred Fleet/Ship Mortgage

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without unless it shall have received the Secretary's prior written consentconsent thereto.

Appears in 1 contract

Sources: Security Agreement (Chiles Offshore Inc/New/)

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the SecretaryAdministrator's prior written consent.

Appears in 1 contract

Sources: Security Agreement

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the Secretary's ’s prior written consent.

Appears in 1 contract

Sources: Security Agreement (Ensco International Inc)

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the SecretaryAdministrator's prior written consent.;

Appears in 1 contract

Sources: Consolidated Agreement (Matson, Inc.)

Material Changes in the Vessels. After the Delivery Date of any undelivered Vessel or the Closing Date of any already delivered Vessel, the Shipowner Shipowner’s shall not make, or permit to be made, any material change in the structure, means of propulsion, type or speed of such Vessel or in its rig, without the Secretary's ’s prior written consent.

Appears in 1 contract

Sources: Security Agreement (Ambassadors International Inc)