Registration of Vessel. (a) The Borrower will keep the Vessel registered in its name under the laws of an Approved Flag, and shall not permit its registration under any other flag or at any other port without the prior written consent of the Lender, such consent not to be unreasonably withheld or delayed.
Appears in 2 contracts
Samples: Agreement (Grindrod Shipping Holdings Ltd.), Agreement (Grindrod Shipping Holdings Ltd.)
Registration of Vessel. (a) The Each Borrower will keep undertakes to maintain the registration of its Vessel registered in its name under the laws of an Approved Flag, Flag for the duration of the Facility Period and shall not permit to change its registration under any other Vessel's flag or at any other port without the Lenders' prior written consent of the Lender, (such consent not to be unreasonably withheld or delayedwithheld).
Appears in 1 contract
Samples: Diana Shipping Inc.
Registration of Vessel. (a) The Each Borrower will keep undertakes to maintain the registration of its Vessel registered in its name under the laws of an Approved Flag, Flag for the duration of the Facility Period and shall not permit change its registration under any other Vessel's flag or at any other port without unless with the Lenders' prior written consent of the Lender, (such consent not to be unreasonably withheld or delayedwithheld).
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping Inc.)