Approved Flag State definition

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.

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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;

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;

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.

• Subject to the provisions of Section 15.18, the Borrowers shall maintain the registration of the Collateral Vessels under the registry of the Republic of Liberia or another Approved Flag State and shall not do or omit to do anything or suffer any act or omission whereby such registration may be forfeited or imperiled.

• Each Borrower shall keep the Mortgage registered against its Ship as a valid first priority mortgage and if required by the Approved Flag State, carry on board such Ship a certified copy of the Mortgage and place and maintain in a conspicuous place in the navigation room and the Master’s cabin of such Ship a framed printed notice stating that that Ship is mortgaged by the relevant Owner to the Security Agent.

• 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.

• Approved Flag State means the ▇▇▇▇▇▇▇▇ Islands, Malta, Norway, Liberia, United Kingdom or any other international flag acceptable to all the Lenders.

More Definitions of Approved Flag State

Approved Flag State means any of Greece or the Commonwealth of the Bahamas or any other country in which the Lender, may in its sole and absolute discretion, approve that a Ship may be registered;

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 the Republic of Panama or any other country in which the Agent may approve (with the authorisation of the Majority Lenders) that the Ship is or, as the case may be, shall 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;