Vessel Items. Lender shall have received the results of a survey of the Vessel, and certified copies of valid and unexpired documents that indicate that the Vessel satisfies the requirements contained in Section 4.19, in each such case that are satisfactory to Lender, in the exercise of its sole discretion. There shall have been no change in the condition of the Vessel or in the existence aboard or condition of any equipment listed in such survey since the date of the surveyor's inspection thereof, except for ordinary wear and tear.
Vessel Items. Lender shall have received the results of a survey and appraisal of the Vessel, and certified copies of valid and unexpired documents that indicate that the Vessel satisfies the requirements contained in Section 4.19, in each such case that are satisfactory to Lender, in the exercise of its sole discretion. There shall have been no change in the condition of the Vessel or in the existence aboard or condition of any equipment listed in such survey since the date of the surveyor’s inspection thereof, except for ordinary wear and tear. The Vessel shall have been duly deleted from the Greek registry, free of all Encumbrances, and Borrower shall have provided to Lender copies of all documents referred to in the Addendum No 1 Dated 14th February 2011 to the Memorandum of Agreement dated January 26, 2011 among Antonis Special Maritime Enterprise, Borrower, Lomar Shipping and Management Inc. and Seamar Management S.A. Lender shall have received a copy, certified by the secretary of Borrower, of the foregoing Memorandum of Agreement, and all attachments and addenda thereto.
Vessel Items. Lender shall have received the results of a survey and appraisal of the Vessel, and certified copies of valid and unexpired documents that indicate that the Vessel satisfies the requirements contained in Section 4.19, in each such case that are satisfactory to Lender, in the exercise of its sole discretion. There shall have been no change in the condition of the Vessel or in the existence aboard or condition of any equipment listed in such survey since the date of the surveyor’s inspection thereof, except for ordinary wear and tear. The Vessel shall have been duly deleted from the Greek registry, free of all Encumbrances. Lender shall have received verification satisfactory to it in its sole discretion that the Vessel is acceptable to Noranda Alumina LLC under the COA.
