Collateral Vessel Owner definition

Collateral Vessel Owner means, at any time, a Subsidiary Guarantor which owns a Collateral Vessel.
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Collateral Vessel Owner means, at any time, a Subsidiary Guarantor which owns a Collateral Vessel. “ Commercial Management Agreements ” shall mean, collectively (a) that certain Commercial Management Agreement, dated as of the Closing
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Collateral Vessel Owner has the meaning ascribed thereto in the Preamble to this Agreement;
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Examples of Collateral Vessel Owner in a sentence

  • Each Collateral Vessel Owner shall have received or shall receive substantially simultaneously with funding of the Loans with respect to the relevant Collateral Vessel, title to the relevant Collateral Vessel, and such Collateral Vessel Owner shall at such time be the record and beneficial owner of such Collateral Vessel free and clear of all liens other than the Permitted Liens.

  • Any consent necessary to enable a Collateral Vessel Owner to own, operate or charter the Collateral Vessel owned by it or to enable the Borrower or any other Credit Party to comply with any provision which the Required Lenders consider material of a Credit Document is not granted, expires without being renewed, is revoked or becomes liable to be revoked or any condition of such a consent is not fulfilled; or 9.14 Arrest; Expropriation .

  • Each Collateral Vessel Owner shall use reasonable efforts to obtain and to maintain a green passport notification (based on the IHM) for the Collateral Vessels from an Acceptable Classification Society.


More Definitions of Collateral Vessel Owner

Collateral Vessel Owner means, from time to time, any person being (or, pursuant to the Transaction, any person to be) the legal and registered owner of a Collateral Vessel including, without limitation, any Substitute Vessel Owner (and any reference to the Collateral Vessel owned by such Collateral Vessel Owner (where applicable) shall mean the Collateral Vessel to be acquired by it pursuant to the Transaction).
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Collateral Vessel Owner means each Person that directly holds an ownership interest in a Collateral Vessel.
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Related to Collateral Vessel Owner

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • existing vessel means a vessel which is not a new vessel;

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • Vessels shall have the meaning set forth in the recitals.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • foreign ship means a ship which—

  • U.S.-flag air carrier means an air carrier holding a certificate under 49 U.S.C. Chapter 411.

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • Passenger vessel means any boat, ship, vessel,