Deed of Covenants definition

Deed of Covenants means the deed of covenants referred to in Clause 11.1.1.

Deed of Covenants means each deed of covenants collateral to a Vessel Mortgage, each substantially in the form of Exhibit G-1 or Exhibit G-2 or otherwise reasonably satisfactory to the Administrative Agent.

Deed of Covenants means any deed of covenants on any Vessel collateral to the Mortgage over that Vessel to be executed by the relevant Borrower in favor of the Security Trustee, and each to be substantially in the form set out in Exhibit C-2 or in such other form as the Facility Agent may agree;

Examples of Deed of Covenants in a sentence

• The Collateral Agent shall be entitled, at any time and as often as may be expedient, to delegate all or any of the powers and discretions vested in it by this Deed, the Credit Agreement, the Mortgage (including the power vested in it by clause 13 of the Deed of Covenants) or any of the other Security Documents in such manner, upon such terms, and to such persons as the Collateral Agent in its absolute discretion may think fit.

• Section 1.1 For purposes of this Deed of Covenants, the following terms shall have the respective meanings given to them below.

• Within ninety (90) days following the Closing Date, (i) a Bahamian Statutory Mortgage in favor of the Collateral Agent, (ii) a transcript of register evidencing the recording of the Bahamian Statutory Mortgage, (iii) a Bahamian Deed of Covenants in favor of the Collateral Agent, (iv) a letter to the master of such vessel, enclosing a copy of the Mortgage, (v) an Assignment of Earnings and Charterparties in favor of the Collateral Agent and (vi) an Assignment of Insurances in favor of the Collateral Agent.

• The relevant Mortgage, the relevant Deed of Covenants and the relevant General Assignment and all ancillary documents to be delivered pursuant thereto, each duly executed by the relevant Borrower.

• In the event of any assignment of the Mortgage or this Deed of Covenants by the Mortgagee in accordance with the applicable provisions of the Third Lien Indenture, any other Third Lien Note Documents and the Third Lien Intercreditor Agreement, as applicable, the term “Mortgagee” as used in this Deed of Covenants shall be deemed to mean any such successor or permitted assignee.

More Definitions of Deed of Covenants

Deed of Covenants means, in respect of a Collateral Vessel, the deed of covenants entered into or to be entered into by the relevant Vessel Owner and the Security Trustee collateral to the Mortgage over that Collateral Vessel.

Deed of Covenants means, in respect of each Mortgage, the deed of covenants collateral thereto required to be executed hereunder by the relevant Owner in favour of the Lender, in such form as the Lender may require in its sole discretion;

Deed of Covenants means the first priority deed of covenant collateral to the Mortgage executed or, as the context may require, to be executed by the Borrower in favour of the Facility Security Trustee, in the Agreed Form.

Deed of Covenants means the deed of covenants collateral to the Mortgage over Vessel F required to be executed hereunder by Leros in favour of the Security Trustee, in such form as the Lenders may require in their sole discretion;

Deed of Covenants means, in relation to each Vessel, the deed of covenants more particularly described in Schedule 6 (Security Documents).

Deed of Covenants means each deed of covenants collateral to a Vessel Mortgage, each substantially in the form of Exhibit G or otherwise reasonably satisfactory to the Administrative Agent.

Deed of Covenants means any one of them.