We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Collateral Ship definition

Collateral Ship means the 2009-built Panamax bulk carrier of 75,206 metric tons deadweight registered in the ownership of the Borrower under the Maltese flag with the name "AMALFI";
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 Mortgagefor 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 A, Ship B, Ship C, Ship D, Ship E, Ship F and Ship G and in the plural means all of them;

Examples of Collateral Ship in a sentence

  • No Collateral Ship is subject to any Charter other than a Permitted Charter.

  • 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.

  • The Authority is in the process of determining the costs for this project.

  • No Debtor shall make any modification or repairs to, or replacement of, any Collateral Ship or equipment installed on it which would or might materially alter the structure, type or performance characteristics of that Collateral Ship or materially reduce its value.

  • Each Debtor party to any Pre-delivery Contract shall ensure that at all times during construction, the relevant Collateral Ship is insured in accordance with the provisions of a Construction Contract.


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 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 of XXXXXX, XXXXXX and XXXXXXXXXXXX and, in the plural, means any or all of them;
Collateral Ship means each of:
Collateral Ship means, a Panamax bulk carrier constructed within the period commencing on 1 January 2002 2000 to the date of this Agreement whose Market Value on the date of delivery to Iguana under the relevant MOA is at least $22,000,000 and ending on 31 December 2006 and being in all respects acceptable to the Lender;
Collateral Ship means each Existing Collateral Ship and each other Owned Ship which is 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.