Delivered Vessels definition

Delivered Vessels means, at the relevant time, each Vessel which is owned by the Borrower and which is secured in favour of the Security Agent and “Delivered Vessel” means any one of them.
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Delivered Vessels has the meaning set forth in Recital E hereof.
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Delivered Vessels has the meaning given to it in the recitals;
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Examples of Delivered Vessels in a sentence

  • At the Initial Closing, Seanergy shall contribute the Trust Assets to Buyer and Buyer shall pay the aggregate Vessel Purchase Price applicable to the Delivered Vessels.

  • The Initial Closing shall take place at a place or places mutually agreed by the parties, and, with respect to the Delivered Vessels, such Closings shall take place in accordance with the MOA relating to each such Delivered Vessel, at such other location as is agreed to in writing by the parties.

  • Should the Delivered Vessels or any of them be operated by any of the Borrowers, any operator or charterer within US territory waters (200 miles zone) or should it be intended to enter any US harbour then the Borrowers are obliged to insure such Delivered Vessel against all risks as the Agent deems necessary by first class underwriters (e.g. maximum available additional oil pollution cover in excess of the oil pollution cover provided by the P&I Club, drug seizure etc.).

  • If any of the Vessels is sold or declared a Total Loss the Borrowers shall provide the Agent with an evaluation of the Fair Market Values of all Delivered Vessels and of the actual value of the Vessels under Construction, such evaluation being not older than three (3) Months and being prepared by a broker or expert accepted by the Agent, unless the Agent has evaluated the Vessels’ Fair Market Value and such evaluation is not older than three (3) Months.

  • In respect of the Delivered Vessels, the Subsequent Vessels and any Additional Vessel, on the Delivery Date in respect of the relevant Vessel, the relevant Borrower is in full compliance with the ISPS Code in respect of that Vessel.

  • In respect of the Delivered Vessels, on the date of the first Drawing under the Delivered Vessels Loan or, in respect of the Subsequent Vessels and any Additional Vessel, on the date of the first Drawing under the Loan relating to such Vessel, any Time Charter in respect of that Vessel shall be in full force and effect.

  • In respect of the Delivered Vessels, on the date of the first Drawing under the Delivered Vessels Loan or, in respect of the Subsequent Vessels and any Additional Vessel, on the Delivery Date in respect of that Vessel, the Borrower is in full compliance with the ISPS Code in respect of its Vessel.

  • The Borrower has requested that the Lender advance an aggregate amount up to $330,000,000 to the Borrower in order (a) together with the proceeds of the IPO, to fully repay existing indebtedness of the Initial Guarantors under the Existing Credit Agreement in respect of Delivered Vessels, (b) to finance a portion of the purchase price of the Remaining Vessels, (c) to provide working capital in an amount up to $10,000,000, and (d) to finance a portion of the purchase price of Additional Vessels.

  • Each certified copy document must be certified by a director, officer or duly authorised attorney of the Borrower as being true and complete as at a date no earlier than the date falling three Business Days prior to the relevant Delivery Date (in respect of the Delivered Vessels) or relevant Delivery Date (in the case of each Subsequent Vessel).

  • In respect of the Delivered Vessels, on the date of the first Drawing under the Delivered Vessels Loan or, in respect of the Subsequent Vessels and any Additional Vessel, on the Delivery Date in respect of that Vessel, the Borrower is in full compliance with the ISM Code in respect of its Vessel.


More Definitions of Delivered Vessels

Delivered Vessels means Vessel 1, Vessel 2, Vessel 3, Vessel 4, Vessel 5, Vessel 6, Vessel 7, Vessel 8, Vessel 9 and Vessel 10 being the Delivered Vessels as listed in Part 1 of Schedule 1 and Delivered Vessel means any of them.
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Delivered Vessels means each vessel to be acquired by each relevant Borrower within 10 Asset Purchase Business Days of the Closing Date being some or all of the vessels listed under the heading DELIVERED VESSELS in Part 1 of Schedule 1 (Original Parties).
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Delivered Vessels means, collectively, the vessels described in Part A of Schedule II hereto and, if the vessel SEA BEAUTY (to be renamed PEREGRINE) shall have been acquired by Peregrine Shipping LLC prior to the date of the first Advance, such vessel.
Sample 1
Delivered Vessels means each vessel acquired or to be acquired by each relevant Borrower pursuant to the Asset Purchase Agreement being some or all of the vessels listed under the heading Delivered Vessels in Part 1 of Schedule 1(Original Parties).”
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Related to Delivered Vessels

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

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • 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:

  • Documented vessel means a vessel documented under chapter 121, title 46, United States Code or a vessel for which an application for such docu- mentation is pending.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • Passenger vessel means any boat, ship, vessel,

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

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • 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.

  • 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.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

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

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

  • Foreign-going vessel means any vessel other than a coastal vessel.

  • fishing vessel means a vessel used for catching fish, whales, seals, walrus or other living resources of the sea;

  • relevant subsequent week means the reduction week or part-week which includes the day on which the further application or, if more than one further application has been made, the last such application was made.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Pressure vessel means containers for the containment of pressure, either internal or external. This pressure may be obtained from an external source or by the application of heat from a direct or indirect source, or any combination thereof.

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • ro-ro passenger ship means a passenger ship with ro-ro spaces or special category spaces as defined in regulation II-2/3.

  • Drop shipment means the sale of a prescription drug to a

  • Sailing vessel means any vessel under sail provided that propelling machinery, if fitted, is not being used.

  • foreign vessel means any vessel other than a coastal vessel.