General Assignment means, in relation to a Ship, a general assignment of the Earnings, the Insurances and any Requisition Compensation in the Agreed Form;
General Assignment means, in respect of each Vessel, the deed of assignment of its earnings, insurances and requisition compensation executed or to be executed by the relevant Owner in favour of the Bank in such form as the Bank may require in its sole discretion, and in the plural means both of them;
General Assignment shall have the meaning set forth in Section 5.2.3.
Examples of General Assignment in a sentence
Deliver to Seller an original fully executed counterpart of the General Assignment and a copy of the recorded Xxxxx Xxxx.
Each Borrower shall ensure that subject only to the provisions of a Tripartite Assignment or General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid in to its Earnings Account.
The Borrower shall ensure that subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship are paid in to its Earnings Account.
The Borrower shall ensure that subject only to the provisions of the General Assignment, all the Earnings are paid in to the Earnings Account.
More Definitions of General Assignment
General Assignment means, in respect of each Vessel, the deed of assignment of its earnings, insurances and requisition compensation executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means all of them;
General Assignment has the meaning ascribed to it in Section 1.05.
General Assignment shall have the meaning ascribed thereto in Section 5.1(f) hereof.
General Assignment means, in relation to a Ship, the general assignment creating Security over that Ship’s Earnings, its Insurances and any Requisition Compensation in relation to that Ship and any charter entered into or to be entered into with a term exceeding or capable of exceeding 14 months and any supporting guarantee in relation to such charter in agreed form.
General Assignment means, in relation to a Ship, a general assignment of (inter alia) the Earnings, the Insurances and any Requisition Compensation relative to that Ship in the Agreed Form and, in the plural, means all of them;
General Assignment shall have the meaning ascribed thereto in Section 5.1(g) of this Agreement.
General Assignment means the first priority deed of assignment made or (as the context may require) to be made by and between the Borrower and the Lender relative to the Insurances, the Earnings and the Requisition Compensation of the Ship in form and substance satisfactory to the Lender as the same may from time to time be amended, varied or supplemented with the Lender's prior written consent;