Designated Vessel definition

Designated Vessel means (i) all vessels owned by the Borrower or any of its Subsidiaries and documented under the federal laws of the United States of America, (ii) any vessels, whether or not documented in compliance with clause (i), with a book value of at least $750,000, and (iii) any vessels constituting Collateral.

Designated Vessel means the MEGA I or the SOYANG, whichever thereof is designated by the Borrower by written notice to the Administrative Agent as the vessel to be financed on a non-recourse basis in accordance with the terms and conditions herein provided;

Designated Vessel means a vessel which in the opinion of the Agent will, forthwith upon the making of an Advance, become an Additional Mortgaged Vessel and in respect of which the Agent has received each of the documents referred to in Clause 7.3(ii) and (iii);

Examples of Designated Vessel in a sentence

• Prizes shall be awarded to the Owner of the Designated Vessel upon which an Eligible Angler achieves the heaviest Tuna, Wahoo, Dolphin, Snapper, or Grouper (each a “Species”).

• Prizes shall be awarded to the Owner of the Designated Vessel upon which Eligible Anglers achieve the greatest number of points between the Opening Date and the Closing Date.

• Payments of the Designated Vessel Proceeds Payments shall be applied in accordance with Section 5.6 of the Plan.

• The Borrower and the Subsidiary Guarantors lawfully own and are lawfully possessed of each Designated Vessel free from any Lien, charge or encumbrance whatsoever, except as permitted pursuant to Section 6.2(h) and except to the extent set forth on Schedule 5.1(g), and will warrant and defend the title and possession thereto and to every part thereof for the benefit of the Lenders against the material claims and demands of any Person whomsoever.

• The zone de- scribed in paragraph (a)(15) of this sec- tion will be activated upon entry of any Designated Vessel into the navi- gable waters of the United States (see 33 CFR 2.36(a) to include the 12 NM ter- ritorial sea) in the New York Captain of the Port Zone (33 CFR 3.05–30).

More Definitions of Designated Vessel

Designated Vessel means the acquisition of the Designated Vessel Acquisition" by the Designated Vessel Owner, occurring not later than June 30, 2000, or such other date as may be agreed by the Administrative Agent;

Designated Vessel means (i) all vessels owned by the Borrower or any of its Subsidiaries and documented under the federal laws of the United States of America, (ii) any vessels, whether or not documented in compliance with clause (i), with a book value of at least $750,000 owned as of the Closing Date or thereafter acquired by the Borrower or any of its Subsidiaries, and (iii) any vessels constituting Collateral.

Designated Vessel means a vessel that is at least 50% owned by a Nation, a legal entity owned by or on behalf of a Nation, or at least 50% owned by one or more Member.

Designated Vessel means each vessel listed under “Designated Vessels” on Schedule III hereto, as such schedule may be amended from time to time in accordance with the provisions of Section 5.01(m) hereof.

Designated Vessel means a vessel designated by the Committee pursuant to paragraph 12 of United Nations Security Council resolution 2321 adopted on 30th November 2016(5);”,

Designated Vessel means (i) all vessels owned by the Borrower or any ----------------- of its Subsidiaries and documented under the federal laws of the United States of America and (ii) any vessels, whether or not documented in compliance with clause (i), with a book value of at least $500,000 owned as of the Closing Date ---------- or thereafter acquired by the Borrower or any of its Subsidiaries.

Designated Vessel means a vessel designated by the Committee in accordance with paragraph 11 of Resolution 2146.