Approved Flag definition

Approved Flag means the Xxxxxxxx Islands flag, the Liberian flag and such other flag as the Agent may, in its sole and absolute discretion, approve as the flag on which a Ship shall be registered;
Approved Flag means, in relation to a Ship, Xxxxxxxx Islands, or such other flag approved in writing by the Facility Agent acting with the authorisation of all the Lenders.
Approved Flag means, in respect of a Ship, any of the Greek, Panamanian, Liberian, Xxxxxxxx Islands or Maltese flags or any other flag acceptable to the Majority Lenders as the flag on which that Ship may be registered (such acceptance not to be unreasonably withheld or delayed);

Examples of Approved Flag in a sentence

  • Each Borrower shall keep the Ship owned by it registered in its name under an Approved Flag; shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of the Ship owned by it.

  • Each Borrower shall keep the Ship owned by it registered in its name under an Approved Flag; shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of that Ship.

  • The Borrower shall procure that each Owner shall keep the Ship owned by it registered in its ownership under an Approved Flag; shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of any Ship.

  • The Borrower shall procure that each Owner shall keep the Ship owned by it registered in its name under an Approved Flag; shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of that Ship.

  • The Borrower shall keep the Ship registered in its name under an Approved Flag; shall not do, omit to do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and shall not change the name or port of registry of the Ship.


More Definitions of Approved Flag

Approved Flag means such flag as the Lender may, in its absolute discretion, approve as the flag on which a Ship shall be registered;
Approved Flag means, in relation to a Ship, the flag of Bahamas, Bermuda, Cayman Islands, Cyprus, Greece, Hong Kong, Liberia, Malta, Panama, the Xxxxxxxx Islands, Singapore or the United Kingdom or such other flag approved in writing by the Facility Agent acting with the authorisation of the Lenders, such authorisation not to be unreasonably withheld.
Approved Flag means, in relation to a Ship, the flag under which that Ship is or is to be, following its delivery to the relevant Borrower, registered as approved from time to time by the Agent with the authorisation of all the Lenders;
Approved Flag means the Panamanian flag or such other flag as the Agent may approve (with the authorisation of the Majority Lenders) as the flag on which the Ship is or, as the case may be, shall be registered;
Approved Flag means the Xxxxxxxx Islands flag, the Bahamas flag or such other flag as the Agent may, with the authorisation of the Majority Lenders and SACE, approve from time to time.
Approved Flag means the Panamanian flag or such other flag as the Agent may, with the consent of the Majority Lenders, approve from time to time in writing as the flag on which a Ship shall be registered;
Approved Flag means the flag of the Republic of Cyprus, the Republic of the Xxxxxxxx Islands or any other flag acceptable to the Agent in its absolute discretion (such acceptance not to be unreasonably withheld or delayed).