Examples of Disposal Repayment Date in a sentence
The “ Fair Market Value (Total Loss)” of the Mortgaged Ships will be based on the latest valuations provided to the Agent pursuant to paragraph (b) of clause 25.2 (Valuation frequency) if those valuations are not older than ninety (90) days at the time of the relevant Mortgaged Ship’s Disposal Repayment Date (Total Loss) otherwise the Fair Market Value (Total Loss) of the Ships will be based on new valuations to be provided pursuant to paragraph (c) of clause 25.2 (Valuation frequency).
The “ Fair Market Value (Sale)” of the Mortgaged Ships will be based on the latest valuations provided to the Agent pursuant to paragraph (b) of clause 25.2 (Valuation frequency) if those valuations are not older than ninety (90) days at the time of the relevant Mortgaged Ship’s Disposal Repayment Date (Sale) otherwise the Fair Market Value (Sale) of the Ships will be based on new valuations to be provided pursuant to paragraph (c) of clause 25.2 (Valuation frequency).
On a Mortgaged Ship’s Disposal Repayment Date the Borrowers shall prepay in full the Advance relevant to such Ship.
On the Disposal Repayment Date (Total Loss) in relation to any Mortgaged Ship, the Borrowers shall immediately prepay and/or cancel the Vessel’s Portion (Total Loss) of the outstanding Facilities (including any undrawn Revolving Credit Facility Commitments which are not part of the Suspended Undrawn Revolving Credit Facility) and any additional amount necessary to ensure that the provisions of clause 25.12 ( Security shortfall) remain satisfied.
On a Disposal Repayment Date for any Mortgaged Ship, the Borrowers shall prepay the Loan in an amount equal to: L × x y where: L = the amount of the Loan x = the Fair Market Value of the relevant Mortgaged Ship y = the aggregate Fair Market Value of all the Mortgaged Ships, in each case at that time, and the relevant amount of the prepayment shall first be applied to reduce the Tranche for the relevant Mortgaged Ship and then shall be applied to reduce each remaining Tranche rateably.
In addition valuations of each Mortgaged Ship (if more than 30 days old) and each such other asset in accordance with this clause 25 shall be required prior to the drawdown of each Advance in accordance with clause 4.1 (Initial conditions precedent) and paragraph 11, Part 2 of Schedule 3, on a Disposal Repayment Date of any Mortgaged Ship and as may be further required by the Agent at any other time.
On the Disposal Repayment Date (Total Loss) in relation to any Mortgaged Ship, the Borrower shall immediately prepay and/or cancel the Vessel’s Portion (Total Loss) of the aggregate outstanding Revolving Credit Facility Loans and any undrawn and uncancelled Revolving Credit Facility Commitments that are not part of the Suspended Undrawn Revolving Credit Facility and any additional amount necessary to ensure that the provisions of clause 25.12 ( Security shortfall) remain satisfied.
Weed-free certification by county extension agents would be required for grain or straw used for mulching revegetated areas.
All individuals have only comparative agency and control over their lives.
In addition valuations of each Mortgaged Ship (if more than 30 days old) and each such other asset in accordance with this clause 26 shall be required prior to the drawdown of each Advance in accordance with clause 4.1 (Initial conditions precedent) and paragraph 7, Part 1 of Schedule 3, on a Disposal Repayment Date of any Mortgaged Ship and as may be further required by the Agent at any other time.