Approved Classification Society means, in relation to a Ship, a classification society which is a member of IACS (other than the China Classification Society and the Russian Maritime Registry of Shipping) and acceptable to the Agent;
Approved Classification Society means in relation to a Ship, as at the date of this Agreement, the classification society in relation to that Ship specified Schedule 6 (Details of the Ships), or any other classification society approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders, such approval not to be unreasonably withheld or delayed.
Approved Classification Society means any classification society set forth on Schedule 1.01(b) or otherwise approved by the Administrative Agent (such approval not to be unreasonably withheld).
Examples of Approved Classification Society in a sentence
The Borrower shall not make any modification or repairs to, or replacement of, the Ship or equipment installed on it which would or might materially and adversely alter the structure, type or performance characteristics of the Ship, subject to the Ship maintaining at all times the requirements of the Approved Classification Society and its Approved Classification.
More Definitions of Approved Classification Society
Approved Classification Society means, in relation to a Vessel, any of DNV GL, Lloyd’s Register of Shipping, American Bureau of Shipping, Korean Register of Shipping and Bureau Veritas or such other first-class vessel classification society that is a member of IACS that the Agent may, with the consent of the Majority Lenders (such consent not to be unreasonably withheld or delayed), approve from time to time.
Approved Classification Society means, in relation to a Ship, as at the date of this Agreement, DNV GL, Bureau Veritas, Lloyds Register of Shipping, American Bureau of Shipping, Nippon Kaiji Kyokai or any other classification society which is a member of the International Association of Classification Societies approved in writing by the Facility Agent acting with the authorisation of the Majority Lenders.
Approved Classification Society means Bureau Veritas, DNV, Rina or Lloyd's Register or any other classification society approved in writing by the Agent, provided that the Agent shall not unreasonably withhold or delay consent if the classification society is a member of the International Association of Classification Societies.
Approved Classification Society means, in respect of an Owned Rig, the American Bureau of Shipping, DNV GL AS or any other generally recognized first class classification society that is a member of IACS that the Administrative Agent may (acting with the authorization of the Required DIP Lenders) approve in writing from time to time, such approval not to be unreasonably withheld.
Approved Classification Society means DNV GL or another leading classification society being member of the International Association of Classification Societies approved by the Agent.
Approved Classification Society means any of DNV GL Group, Bureau Veritas, Lloyds Register of Shipping, American Bureau of Shipping, Nippon Kaiji Kyokai or such other classification society which the Agent has approved or selected (with the authorisation of the Majority Lenders).
Approved Classification Society means each of American Bureau of Shipping, Bureau Veritas, DNV- GL, Lloyds Register, Nippon Kaiji, Polish Register of Shipping and Registro Italiano Navale.