Collateral General Assignment means, in relation to the Collateral Ship, a general assignment of the Earnings, Insurances and Requisition Compensation of that Collateral Ship in such form as the Lender may approve or require;
Collateral General Assignment means, in relation to the Collateral Ship, a first priority deed of assignment supplemental to the Collateral Mortgage containing assignments of the Earnings, Insurances and any requisition compensation of the Collateral Ship in the form set out in Appendix F;
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;
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, in relation to a Collateral Vessel, the second priority general assignment creating Security in respect of that Collateral Vessel’s earnings, its insurances and any requisition compensation in respect of that Collateral Vessel in agreed form.
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 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;
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 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;