Common use of Tonnage Clause in Contracts

Tonnage. The Borrower shall procure that, at all times prior to the Final Maturity Date, the tonnage weighted average age of the Secured Vessels (calculated in a manner satisfactory to the Facility Agent), shall not at any time exceed twelve years.

Tonnage. The Borrower shall procure that, at all times prior to the Final Maturity Date, the tonnage weighted average age of the Secured Vessels (calculated in a manner satisfactory to the Facility AgentAgent but always excluding the Removed Vessels from such calculation), shall not at any time exceed twelve sixteen years.

Tonnage. The Borrower shall procure that, at all times prior to the Revolving Credit Final Maturity Date, the tonnage weighted average age of the Secured Vessels (calculated in a manner satisfactory to the Facility Agent), shall not at any time exceed twelve years.

Tonnage. The Borrower shall procure that, at all times prior to the Final Maturity Date, the tonnage weighted average age of the Secured Vessels (calculated in a manner satisfactory to the Facility Agent), shall not at any time exceed twelve years.

Tonnage. The Borrower Guarantor shall procure that, at all times prior to the Final Maturity Date, the tonnage weighted average age of the Secured Vessels (calculated in a manner satisfactory to the Facility Agent), shall not at any time exceed twelve years.