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.
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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;
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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);
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Examples of Designated Vessel in a sentence

  • Vessels that are constrained by their draft from leaving the channel may transit through the zone for the sole purpose of direct and expeditious transit so long as they remain within the navigable channel, maintain the maximum possible safe distance from the Designated Vessel, and do not stop or loiter within the zone.

  • This zone will remain activated at all times while the Designated Vessel is within the navigable waters of the United States in the New York Captain of the Port Zone.

  • The Hull Identification Number for each Designated Vessel must be provided on the Vessel Entry Form.

  • If a Designated Vessel is corporately owned, an Officer must complete and sign the Vessel Entry Form.

  • Any claim by any person who is not an Eligible Angler having caught an Eligible Catch on a Designated Vessel shall be in ineligible for the Prizes.


More Definitions of Designated Vessel

Designated Vessel means the acquisition of the Designated Vessel by Acquisition" the Designated Vessel Owner, occurring not later than June 30, 2000, or such other date as may be agreed by the Administrative Agent;
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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);”,
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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.
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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.
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Designated Vessel means, upon or prior to the Designated Vessel Conditions" Acquisition,
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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.
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Designated Vessel means a vessel designated by the Committee in accordance with paragraph 11 of Resolution 2146.
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