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
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.
The Agent (acting upon the instructions of all the Lenders) shall advise the Borrowers in writing if the nomination of the Additional Owner and the Additional Ship has been approved within 5 Business Days of receiving the Borrowers’ notice.
More Definitions of Additional Ship
Additional Ship means any vessel which is:
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 pursuant to the terms of this Agreement 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 “STAR DELTA”, STAR EPSILON”, “STAR GAMMA”, “STAR THETA” and “STAR ZETA and, in the plural, means all of them;
Additional Ship means each of “MYSTIC” and “OREGON” and, in the plural, means both 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 any ship which is, or is to be, purchased by an Additional Ship Owner, each of which (unless the Agent, acting on the instructions of the Majority Lenders, agrees otherwise) must satisfy all the Additional Ship Requirements;