Examples of Ship Owning Company in a sentence
It is or becomes impossible or unlawful for the Issuer or the Ship Owning Company to fulfil or perform any of the terms of the Finance Documents to which it is a party.
The Issuer and the Ship Owning Company are in compliance with any relevant applicable environmental law or regulation and no circumstances have occurred which would prevent such compliance in a manner which has or is likely to have a Material Adverse Effect.
There is current, pending or threatened any claims, litigation, arbitration or administrative proceedings against the Issuer or the Ship Owning Company which might, if adversely determined, in the reasonable opinion of the Bond Trustee, after consultations with the Issuer, is likely to may have a Material Adverse Effect.
The Issuer shall not and shall ensure that the Ship Owning Company shall not cause any substantial modifications to the Vessel or its dimensions, functions, machineryand equipment.
The Issuer shall not and shall ensure that the Ship Owning Company shall not substantially amend (including partial or full termination and waivers) the terms and conditions of any major contract relating to the Vessel in any way detrimental to the interests of the Bondholders under this Bond Agreement.