Additional Ship definition

Additional Ship means any ship which is, or is to be, purchased by an Additional Ship Owner, each of which (unless all of the Lenders acting in their absolute discretion agree otherwise) must satisfy all the Additional Ship Requirements;

Additional Ship means any of them;

Additional Ship means each of “SAMATAN” and “PACHINO” and, in the plural, means both of them;

Examples of Additional Ship in a sentence

• Unless waived by the Collateral Agent, with respect to each such Additional Ship Mortgage, the Borrower shall deliver to the Collateral Agent contemporaneously therewith vessel and, alternatively, UCC title insurance policies and otherwise comply with the Collateral Requirements applicable to Ship Mortgages and Mortgaged Vessels.

• The payment by the Facility Agent under Clause 4.7 to an Additional Ship Seller or any other third party shall constitute the making of the Advance and the Borrower shall thereupon become indebted, as principal and direct obligor, to each Lender in an amount equal to that Lender’s Contribution.

• According to the self-reports of the users at Infoman they used the tracking tool on average3.7 days per week and the time investment was about 25 minutes weekly (see Figure 5.1.1 for more detailed depiction of subjective usage of the app).

• Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers a loan facility in the aggregate principal amount of up to $30,301,562.51 in respect of the refinancing of the Initial Ships, provided that the foregoing amount may be increased by an amount to be agreed upon between the Lenders and the Borrowers to provide for an Advance in respect of the acquisition of an Additional Ship.

• The Lenders have agreed to make available to the Borrowers a senior secured post-delivery term loan facility in the aggregate principal amount of up to $30,301,562.51 in respect of the refinancing of the Initial Ships, provided that the foregoing amount may be increased by an amount to be agreed upon between the Lenders and the Borrowers to provide for an Advance in respect of the acquisition of an Additional Ship.

More Definitions of Additional Ship

Additional Ship means any vessel which:

Additional Ship means each of “STAR DELTA”, STAR EPSILON”, “STAR GAMMA”, “STAR THETA” and “STAR ZETA and, in the plural, means all of them;

Additional Ship means any product tanker of not less than approximately 35,000 metric tons deadweight, nominated by the Borrowers and approved by the Lenders pursuant to Clause 11.21 as an “Additional Ship” for the purposes of this Agreement, which on the date of the Lenders’ approval is not more than 6 years old, to be registered in the ownership of Additional Owner under an Approved Flag pursuant to the terms of an Approved MOA (or through the acquisition by LR Holding of the whole of the issued share capital of that Additional Owner pursuant to the terms of an Approved SPA), and, in the plural, means any all of them;

Additional Ship means each of “MYSTIC” and “OREGON” and, in the plural, means both of them;

Additional Ship means a newbuilding vessel approved by the Lender in its sole discretion which is being constructed pursuant to the relevant Additional Ship Contract and which shall be financed under either Tranche pursuant to the terms and this Loan Agreement and, in the plural, means all of them;

Additional Ship means each ship of the Approved Type registered or (as the context may require) to be registered in the name of an Additional Borrower under the laws and flag of the relevant Flag State through the relevant Registry, following the Agent’s approval of a relevant Request pursuant to clause 2.5.9 and, in relation to an Additional Borrower, it means the Borrower owning or (as the context may require) intended to own such Additional Ship and “Additional Ships” means either or both of them;

Additional Ship means each of "GAS CZAR" and "GAS ETERNITY" and in the plural, means both of them;