Collateral Ship definition

Collateral Ship means the Panamax-size bulk carrier of approximately 76,000 metric tons deadweight currently under construction by the Builder for, and to be purchased by, the Collateral Owner under the Shipbuilding Contract having Builder’s Hull No. H1637A and upon delivery to be registered under IMO No. 9584499 in the ownership of the Collateral Owner under the Maltese flag with the name “WOOLLOOMOOLOO”;

Collateral Ship means any vessel, including, without limitation, any registered or unregistered subsea or surface vessel (including but not limited to any AUV), owned by a Debtor, whether now owned or acquired or to be delivered to a Debtor in the future, whether or not such vessel is a vessel within the meaning of 46 U.S.C. §31322(a), and all rights of a Debtor therein, including all equipment, parts and accessories, including, but not limited to, all of the boilers, engines, generators, air compressors, machinery, masts, spars, sails, boats, anchors, cables, chains, fuel (to the extent owned by the Debtor), riggings, tackle, capstans, outfit, tools, pumps and pumping equipment, motors, apparel, furniture, drilling equipment, computer equipment, equipment used in connection with the operation of the vessel and belonging to the vessel, fittings and equipment, engines, appliances and fixtures for generating or distributing air, water, heat, electricity, light, fuel or refrigeration, or for ventilating or sanitary purposes, supplies, spare parts, and all other appurtenances (which appurtenances shall include, for the avoidance of doubt, any AUV related to or carried aboard a registered Collateral Ship, so long as such AUV is not capable of being registered under an Approved Jurisdiction, provided that once any such AUV is capable of registration, such AUV shall be separately registered and subject to the requirements for recordation of a “Collateral Ship Mortgage” for the purposes of this Agreement) thereunto appertaining or belonging, whether now owned or hereafter acquired, whether or not on board said vessel, and also any and all extensions, additions, accessions, improvements, renewals, substitutions and replacements hereafter made in or to said vessel or any part thereof, including all items and appurtenances aforesaid.

Collateral Ship means each of Ship F and Ship G and in the plural means both of them;

Examples of Collateral Ship in a sentence

• A certificate of an authorized signatory of the relevant Debtor that each copy document which it is required to provide under this Exhibit E is correct, complete and in full force and effect as at the Delivery Date of the Collateral Ship.

• Each Debtor shall keep the relevant Collateral Ship Mortgage registered against the Collateral Ship owned by it as a valid first priority or preferred mortgage, as the case may be, carry on board that Collateral Ship a certified copy of the relevant Collateral Ship Mortgage and place and maintain in a conspicuous place in the navigation room and the master’s cabin of that Collateral Ship a framed printed notice stating that that Collateral Ship is mortgaged by that Debtor to the Agent.

• Each Debtor shall permit the Agent (acting through surveyors or other persons appointed by it for that purpose) to board the Collateral Ship owned by it at all reasonable times to inspect its condition or to satisfy themselves about proposed or executed repairs and shall afford all proper facilities for such inspections.

• No Environmental Claim has been made or threatened against any Collateral Ship which might reasonably be expected to have a Material Adverse Effect.

• Each Collateral Ship meets or upon its Delivery Date shall meet the Collateral Ship Requirements unless otherwise agreed to by the Agent.

More Definitions of Collateral Ship

Collateral Ship means either of the Secondone Collateral Ship and the Thirdone Collateral Ship and, in the plural, means both of them;

Collateral Ship means any New Ship which is registered under an Approved Flag, is the subject of a Mortgage and which the Borrower nominates as a “Collateral Ship” for the purposes of this Agreement and, in the plural, means all of them;

Collateral Ship means each of XXXXXX, XXXXXX and XXXXXXXXXXXX and, in the plural, means any or all of them;

Collateral Ship means the 2010-built Capesize bulk carrier type of vessel of approximately 179,000 deadweight, having IMO Number 9519066 and registered in the name of the Collateral Guarantor under the Liberian flag with the name "LORDSHIP".

Collateral Ship means each Existing Collateral Ship, each Additional Collateral Ship (but only following the Utilisation Date of the Facility relating to such Additional Collateral Ship) and each other Owned Ship which is or is to be pursuant to the terms of this Agreement, subject to a Security in favour of the Security Agent or, as the case may be, the Secured Parties as security for the repayment of moneys owing under the Finance Documents and "COLLATERAL SHIPS" means any or all of them.

Collateral Ship means each of the oil tankers listed in Part B of schedule 8 under the column headed "Collateral Ships", each registered in the ownership of the relevant Collateral Owner through the relevant Registry under the laws and flag of the relevant Flag State and "Collateral Ships" means both or either of them;

Collateral Ship means each of ‘CHILTERN”, “GAS ASTRID” and “GAS EXELERO” and in the plural means all of them;