Collateral Deed of Covenant definition

Collateral Deed of Covenant means either of the Secondone Deed of Covenant and the Thirdone Deed of Covenant and, in the plural, means both of them;
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Collateral Deed of Covenant means, in relation to a Collateral Vessel, the second priority deed of covenant collateral to the Collateral Mortgage on that Collateral Vessel and creating Security over that Collateral Vessel in agreed form.
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Collateral Deed of Covenant means, in relation to each Collateral Ship, the deed of covenant and/or general assignment collateral to the Mortgage over that Collateral Ship executed or (as the context may require) to be executed by the relevant Collateral Owner in favour of the Security Agent and/or any other Creditors in such form as the Agent (acting on the instructions of the Majority Banks in their sole discretion) may require, and "Collateral Deeds of Covenant" means both or either of them;
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More Definitions of Collateral Deed of Covenant

Collateral Deed of Covenant means the deed of covenant collateral to the Collateral Mortgage executed or (as the context may require) to be executed by the Corporate Guarantor in favour of the Bank in such form as the Bank may require in its sole discretion; “Collateral Management Agreement” means the agreement dated 27 January 2004 executed between the Corporate Guarantor and the Manager or any other agreement executed between the Corporate Guarantor and the Manager in a form previously approved in writing by the Bank providing (inter alia) for the Manager to manage the Collateral Ship; “Collateral Manager’s Undertaking” means the second priority undertaking and assignment executed or (as the context may require) to be executed by the Manager in favour of the Bank in such form as the Bank may require in its sole discretion; “Collateral Mortgage” means the second priority Maltese mortgage of the Collateral Ship executed or (as the context may require) to be executed by the Corporate Guarantor in favour of the Bank in such form as the Bank may require in its sole discretion; “Collateral Mortgage Date” means the date falling not later than seven (7) days after the date when the Bank shall have sent to the Corporate Guarantor a request under clause 5.1.5 of the Corporate Guarantee; “Collateral Ship” means the 2002-built 6,500 dwt (approximately) double-hull oil tanker Aegean Flower registered in the ownership of the Corporate Guarantor under the laws of the relevant Flag State with IMO number 8978394; “Commitment” means the amount which the Bank has agreed to lend to the Borrowers under clause 2.1 as reduced by any relevant term of this Agreement; “Compulsory Acquisition” means, in relation to a Ship, requisition for title or other compulsory acquisition, requisition, appropriation, expropriation, deprivation, forfeiture or confiscation for any reason of that Ship by any Government Entity or other competent authority, whether de jure or de facto, but shall exclude requisition for use or hire not involving requisition of title; “Construction Cost” means:
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Related to Collateral Deed of Covenant

  • Deed of Covenant means a deed of covenant collateral to a mortgage on a Ship to be executed in favour of the Security Trustee by the Owner of the relevant Ship in such form as the Lenders may approve or require and, in the plural means all of them;

  • Deed of Charge means the English law deed of charge that may be entered into between the Guarantor and the Representative of the Covered Bondholders (acting on behalf of the Covered Bondholders and the Other Creditors);

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Security Documents means the Security Agreement, the Mortgages, the Intellectual Property Security Agreement, the Pledge Agreement, the Facility Guarantee, and each other security agreement or other instrument or document executed and delivered pursuant to this Agreement or any other Loan Document that creates a Lien in favor of the Collateral Agent to secure any of the Obligations.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with the Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Borrowers and each of the Guarantors to Agent.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Foreign Security Documents means the collective reference to the security agreements, debentures, pledge agreements, charges and other similar documents and agreements pursuant to which any Grantor purports to pledge or grant a security interest in any property or assets located outside of the United States (including any Pledged Equity Interests of any Issuer organized under a jurisdiction other than the United States or any state or locality thereof securing the Secured Obligations).