Approved Flag State definition

Approved Flag State means the ▇▇▇▇▇▇▇▇ Islands, Liberia or any other country in which the Agent, may in its sole and absolute discretion, approve that a Ship be registered;

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Approved Flag State means any of the ▇▇▇▇▇▇▇▇ Islands or any other country in which the Agent (acting on the authorisation of the Lenders) may approve that a Ship may be registered.

Approved Flag State means, in relation to a Ship, the Republic of Malta, the Republic of the ▇▇▇▇▇▇▇▇ Islands, the Republic of Panama, the Republic of Cyprus and the Republic of Liberia or any other country in which the Agent may approve (with the authorisation of the Majority Lenders) that that Ship is or, as the case may be, shall be registered;

Examples of Approved Flag State in a sentence

Approved Flag State means the Republic of the ▇▇▇▇▇▇▇▇ Islands, the Republic of Liberia, the Republic of Vanuatu, the Bahamas, Panama, Malta, Denmark or such other jurisdiction as the Lender may approve at the request of the Owner, such approval not to be unreasonably withheld, conditioned or delayed.
Evidence that the Mortgage on the relevant Vessel has been registered or is capable of immediate registration with first priority against that Vessel at the relevant ship registry in the Approved Flag State.
The Borrower will, and will cause the Guarantors to, at all times (i) maintain the classification of each Vessel, (ii) maintain the flag and registry of each Vessel in an Approved Flag State (iii) keep each Vessel in good and safe condition and repair, consistent with prudent ownership and industry standards and (iv) procure that each Vessel be managed by a Manager.
If the Facility Agent notifies the Representative Borrower to that effect, such Approved Flag State shall be removed from Schedule 10 and Schedule 10 as so amended shall be the list of Approved Flag States from then on for the purposes of this Agreement.
The Borrower undertakes not to employ the Ship, nor allow its employment in connection with any activities of any military nature and to ensure that the Ship operates and maintains its status as a merchant civil ship in accordance with the applicable laws of the Approved Flag State.

More Definitions of Approved Flag State

Approved Flag State means any country in which the Facility Agent may with the authorisation of all the Lenders, approve that a Ship be registered, such approval not to be unreasonably withheld;

Approved Flag State means Liberia or any other country in which the Lender may, in its sole and absolute discretion, at the request of the Borrower, approve that the Ship be registered;

Approved Flag State means, in relation to Ship A, Ship B and Ship C, the Republic of the ▇▇▇▇▇▇▇▇ Islands and, in relation to Ship D, the Republic of Malta or, in each case, any other country in which the Majority Lenders may, in their discretion, approve that such Ship be registered;

Approved Flag State means, in relation to a Ship, the Republic of Liberia, the Republic of the Marshall Islands, the Republic of Malta, the Republic of Panama, the Isle of Man or any other country in which the Agent may approve (such approval not to be unreasonably withheld or delayed) that that Ship is or, as the case may be, shall be registered;

Approved Flag State means Hong Kong, Singapore, Norway (NIS), M▇▇▇▇▇▇▇ Islands, the Bahamas, Panama, Bermuda, Isle of Man and the United Kingdom or such other jurisdiction as may be requested by the Borrower and approved in writing by the Agent (acting on the instructions of all Term Lenders with such consent not to be unreasonably withheld or delayed) from time to time.

Approved Flag State means each of the states described in clause 12.3.1 together with any other state or country approved by the Lessor pursuant to clause 12.5.2;

Approved Flag State means any country in which the Agent may with the authorisation of the Majority Lenders, approve that a Ship be registered;