Collateral General Assignment means the general assignment in respect of the Ship collateral to the Collateral Mortgage executed or (as the context may require) to be executed by the Collateral Owner in favour of the Secured Creditors in the form set out in schedule 6;
Collateral General Assignment means, in respect of each Collateral Ship, the second priority deed of assignment of its earnings, insurances and requisition compensation executed or to be executed by the Collateral Guarantor who is the owner thereof in favour of the Security Trustee in such form as the Agent may require in its sole discretion;
Collateral General Assignment means a second priority general assignment in respect of the Collateral Ship creating Security over its Earnings, Insurances and any Requisition Compensation in agreed form.
Examples of Collateral General Assignment in a sentence
The Security Trustee, without any warranty, representation, covenant or other recourse, reassigns to each Collateral Owner, all rights and interests of every kind which the Security Trustee now has to, in or in connection with the Assigned Property (as defined in each of the Collateral General Assignment and the Collateral Charterparty Assignment relative to each Collateral Ship.
More Definitions of Collateral General Assignment
Collateral General Assignment means either of the Secondone Collateral General Assignment and the Third Collateral General Assignment and, in the plural, means both of them;
Collateral General Assignment means any of them;
Collateral General Assignment means, in relation to each Tasman Ship, a second priority assignment of the Earnings, Insurances and any Requisition Compensation executed or to be executed by the relevant Collateral Owner in favour of the Security Trustee in the Agreed Form and, in the plural, means all of them;
Collateral General Assignment means the second priority general assignment in respect of “GRAND OCEAN” executed or (as the context may require) to be executed by the Collateral Guarantor in favour of the Lender in the form set out in schedule 5 of the Second Supplemental Agreement;
Collateral General Assignment means the second priority general assignment executed or to be executed by the Collateral Owner in favour of the Lender, in such form as the Lender may approve or require;
Collateral General Assignment means the second priority general assignment collateral to the Collateral Mortgage executed or (as the context may require) to be executed by the Collateral Owner in favour of the Bank in the form set out in schedule 5; "Collateral Guarantee" means the corporate guarantee executed or (as the context may require) to be executed by the Collateral Owner in favour of the Bank in the form set out in schedule 3; "Collateral Management Agreement" means the agreement dated 6 April 2009 made between the Collateral Owner and the Manager, providing for the Manager to manage the Collateral Ship; "Collateral Manager's Undertaking" means the second priority undertaking and assignment in respect of the Collateral Ship executed or (as the context may require) to be executed by the Manager in favour of the Bank in the form set out in schedule 6; "Collateral Mortgage" means the second preferred Liberian mortgage of the Collateral Ship executed or (as the context may require) to be executed by the Collateral Owner in favour of the Bank in the form set out in schedule 4; "Collateral Operating Account" means the interest bearing Dollar account of the Collateral Owner opened by the Collateral Owner with the Bank and with account number 5104-046257-080USD and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Collateral Operating Account for the purposes of this Agreement and the Loan Agreement; "Collateral Operating Account Pledge" means a pledge executed or (as the context may require) to be executed by the Collateral Owner in favour of the Bank in respect of the Collateral Operating Account in such form as may be required by the Bank in its absolute discretion;
Collateral General Assignment means the guarantee required to be executed hereunder by the Collateral Guarantor in such form as the Agent and the Majority Lenders may require in their sole discretion;