Pre-Approved Classification Society definition

Pre-Approved Classification Society means any of Det norske Veritas, Lloyds Register, American Bureau of Shipping (ABS), Germanischer Xxxxx or Bureau Veritas or such other classification society acceptable to the Majority Lenders.
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Pre-Approved Classification Society means any of DNV GL, Lloyds Register, America Bureau of Shipping (ABS) or Bureau Veritas or such other classification society approved by the Majority Lenders, acting reasonably.
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Pre-Approved Classification Society means any of Det norske Veritas, Lloyds Register, American Bureau of Shipping (ABS), Germanischer Lloyd or Bureau Veritas or such other classification society acceptable to the Majority Lenders.
Sample 1Sample 2

Examples of Pre-Approved Classification Society in a sentence

  • The Borrower shall ensure that each Vessel maintains the highest classification required for the purpose of the relevant trade of such Vessel which shall be with a Pre-Approved Classification Society or such other society as may be acceptable to the Agent, in each case, free from any overdue recommendations and conditions affecting the class of that Vessel.

  • The Borrower shall ensure that each of the Vessels maintains the highest classification required for the purpose of the relevant trade of such Vessel which shall be with a Pre-Approved Classification Society, in each case, free from any overdue recommendations and conditions affecting that Vessel’s class.

  • The Borrower shall ensure that each Collateral Vessel maintains the highest classification required for the purpose of the relevant trade of such Collateral Vessel which shall be with a Pre-Approved Classification Society, in each case, free from any material overdue recommendations and adverse notations affecting that Collateral Vessel’s class.

  • The Borrower shall procure that the Owners shall ensure that each Vessel maintains the highest classification required for the purpose of the relevant trade of such Vessel which shall be with a Pre-Approved Classification Society or such other society as may be acceptable to the Agent, in each case, free from any overdue recommendations and conditions affecting that Vessel’s class.

  • A Certificate of Confirmation of Class for hull and machinery confirming that the Vessels are classed with the highest class applicable to vessels of her type with a Pre-Approved Classification Society.

  • A major siting application must contain an evaluation by the applicant of the proposed project based on the criteria below, as required by §15-10-206.205(h)(20)(viii).

  • The Borrower shall procure that the Vessel is submitted to such periodical or other surveys as may be required by the Vessel’s flag state or for classification purposes and shall comply with all conditions and recommendations affecting the Vessel’s class of the relevant Pre-Approved Classification Society of the Vessel from time to time in accordance with their terms unless waived and the Borrower shall supply copies of any survey reports to the Agent upon request from the Agent.

  • The Borrower shall ensure that each Collateral Vessel maintains the highest classification required for the purpose of the relevant trade of such Collateral Vessel which shall be with a Pre-Approved Classification Society, in each case, free from any material overdue recommendations and adverse notations affecting that Collateral Vessel's class.

  • The Borrower shall ensure that each of the Vessels maintains the highest classification required for the purpose of the relevant trade of such Vessel which shall be with a Pre-Approved Classification Society, in each case, free from any overdue recommendations and adverse notations affecting that Vessel’s class.

  • Save in relation to the vessel IBERVILLE, a Certificate of Confirmation of Class confirming that each Collateral Vessel is classed with the highest class applicable to vessels of her type with a Pre-Approved Classification Society.


More Definitions of Pre-Approved Classification Society

Pre-Approved Classification Society means the American Bureau of Shipping.
Sample 1
Pre-Approved Classification Society means any of Det norske Veritas, Lloyds Register, American Bureau of Shipping (ABS), Germanischer Lloyd, Bureau Veritas or, with respect to Genco Glory only, China Classification Society.
Sample 1
Pre-Approved Classification Society means any of DNV GL, Lloyds Register, America Bureau of Shipping (ABS) or Bureau Veritas or such other classification society that is a member of the International Association of Classification Societies and is approved by the Majority Lenders, acting reasonably. "Pre-Approved Flag" means Xxxxxxxx Islands, Norwegian International Ship Registry, Liberia, Cayman Islands, Panama, Isle of Man, Bermuda, Bahamas, Malta or Singapore. "Proportionate Share" means, at any time, the proportion which a Xxxxxx's Commitment (whether or not advanced) then bears to the aggregate Commitments of all the Lenders (whether or not advanced) being on the Execution Date the percentage indicated against the name of that Lender in Schedule 1. "Protected Party" means a Finance Party which is or will be subject to any liability or required to make any payment for or on account of Tax in relation to a sum required or receivable (or any sum deemed for the purpose of Tax to be received or receivable) under a Finance Document. "Quotation Day" means, in relation to any period for which an interest rate is to be determined two (2) US Government Securities Business Days before the first day of that period, unless market practice differs in the relevant syndicated loan market, in which case the Quotation Day will be determined by the Agent in accordance with that market practice (and if quotations would normally be on more than one day, the Quotation Day will be the last of those days). "Reduction Date" means, in relation to each Collateral Vessel Tranche, each date on which the Maximum Amount of that Collateral Vessel Tranche shall be reduced in accordance with Clause 3.6. "Reference Rate" means, in relation to any Drawing: (a) the applicable Term SOFR as of the Quotation Day and for a period equal in length to that Interest Period; or (b) as otherwise determined pursuant to Clause 7.9, and if, in either case, that rate is less than zero, the Reference Rate shall be deemed to be zero. "Related Fund" in relation to a fund (the "first fund"), means a fund which is managed or advised by the same investment manager or investment adviser as the first fund or, if it is managed by a different investment manager or investment adviser, a fund whose investment manager or investment adviser is an Affiliate of the investment manager or investment adviser of the first fund.
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Related to Pre-Approved Classification Society

  • Classification Society or “Class” means the Society referred to in line 4.

  • film classification body means the person or persons designated as the authority under section 4 of the Video Recordings Act 1984 (c.39) (authority to determine suitability of video works for classification).

  • primary society means, a Primary Forest Produce Co-operative Society registered under the Chhattisgarh Co-operative Societies Act, 1960 (Act No.17 of 1961) which is a member of District Union;

  • information society service means a service as defined in point (b) of Article 1(1) of Directive (EU) 2015/1535 of the European Parliament and of the Council;

  • Law Society means the Law Society of Ireland;

  • co-operative society means a body registered in India under the Co-operative Societies Act, 1912;

  • Classification Seniority is defined as the length of service in a specific job classification within the bargaining unit, beginning with the date an employee starts to serve a probationary appointment. Classification Seniority shall be interrupted only by separation because of resignation, discharge for just cause, failure to return upon expiration of a leave of absence, failure to respond to a recall from layoff, or retirement.

  • friendly society means corporation that is a friendly society within the meaning of section 16C of the Life Insurance Act 1995 of the Commonwealth.

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Job Classification means an arrangement of tasks in an establishment or industry into a limited series of jobs or occupations, rated in terms of skill, responsibility, experience, training, and similar considerations, usually for wage setting purposes. This term, or job class, refers to a single cluster of jobs of approximately equal “worth.”

  • Approved Petroleum Engineer means any reputable firm of independent petroleum engineers as shall be selected by Borrower and approved by Administrative Agent, such approval not to be unreasonably withheld.

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Classification means the identification of a position by reference to a classification title and pay range number.

  • building society means a building society within the meaning of the Building Societies Act 1986;

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • existing vessel means a vessel which is not a new vessel;

  • International Classification means the Classification established under the Locarno Agreement Establishing an International Classification for Industrial Designs;

  • Vessels shall have the meaning set forth in the recitals.

  • Classification plan means the orderly arrangement of positions within an agency into separate and distinct job families so that each job family will contain those positions which involve similar or comparable skills, duties and responsibilities [74:840 1.3].

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • the Society means the Society of Actuaries in Ireland

  • Contracting Body Satisfaction Survey shall have the meaning set out in Clause 18.1;

  • Moody’s Industry Classification means the industry classifications set forth in Schedule 2 hereto, as such industry classifications shall be updated at the option of the Facility Agent in its sole discretion if Moody’s publishes revised industry classifications.

  • S&P Industry Classification The S&P Industry Classifications set forth in Schedule 2 hereto, which industry classifications may be updated at the option of the Collateral Manager if S&P publishes revised industry classifications.

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.