Existing Mortgaged Vessels definition

Existing Mortgaged Vessels means the following Vessels owned by a Guarantor on the Issue Date: Ville d’Orion, Ville d’Aquarius, CMA CGM Matisse, CMA CGM Utrillo, Delmas Keta, Julie Delmas, Kumasi, Marie Delmas, CMA CGM La Tour, CMA CGM Manet, CMA CGM Alcazar, CMA CGM Château d’If, CMA CGM Thalassa, CMA CGM Jamaica, CMA CGM Sambhar, CMA CGM America and CMA CGM Berlioz.
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Existing Mortgaged Vessels means the following Vessels owned by a Guarantor on the Issue Date: Ville d’Orion, Ville d’Aquarius, CMA CGM Matisse, CMA CGM Utrillo, Xxxxxx Xxxx, Xxxxx Xxxxxx, Kumasi, Xxxxx Xxxxxx, CMA CGM La Tour, CMA CGM Manet, CMA CGM Alcazar, CMA CGM Château d’If, CMA CGM Thalassa, CMA CGM Jamaica, CMA CGM Sambhar, CMA CGM America and CMA CGM Berlioz.
Sample 1
Existing Mortgaged Vessels means the following Vessels owned by a Guarantor on the Issue Date: Navios Ionian, Navios Horizon, Navios Herakles, Navios Achilles, Navios Meridian, Navios Mercator, Navios Arc, Navios Hios, Navios Kypros, Navios Xxxxxxx, Navios Xxxx, Navios Celestial, Navios Magellan, Navios Etoile, Navios Antares, Navios Altamira, Navios Star, Navios Asteriks, Navios Vector, Navios Happiness, Navios Lumen, Navios Stellar and Navios Phoenix.
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Examples of Existing Mortgaged Vessels in a sentence

  • There are no actions, suits or proceedings pending or, to the knowledge of the Borrower, threatened (i) with respect to any Vessel Acquisition (including, without limitation, with respect to any vessel listed on Part A of Schedule III hereto), the Second Priority Existing Mortgaged Vessels or any Document or (ii) that could reasonably be expected to have a Material Adverse Effect.


More Definitions of Existing Mortgaged Vessels

Existing Mortgaged Vessels means the following Vessels owned by a Guarantor on the Issue Date: Navios Ionian, Navios Horizon, Navios Herakles, Navios Achilles, Navios Meridian, Navios Mercator, Navios Arc, Navios Hios, Navios Kypros, Navios Ulysses, Navios Vega, Navios Celestial, Navios Magellan, Navios Etoile, Navios Antares, Navios Altamira, Navios Star, Navios Asteriks, Navios Vector, Navios Happiness, Navios Lumen, Navios Stellar and Navios Phoenix.
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Existing Mortgaged Vessels means the following Vessels owned by a Guarantor on the Issue Date: Shinyo Navigator, Shinyo Kieran, Shinyo Saowalak, Shinyo Xxxxxxx, Shinyo Ocean, C. Dream, Xxxx Xxxxxxx, Shinyo Splendor, Xxxx Atropos, Xxxx Xxxxx, Xxxx Dorado and Xxxx Lucida.
Sample 1
Existing Mortgaged Vessels means the following Vessels owned by a Guarantor on the Issue Date: Shinyo Navigator, Shinyo Kieran, Shinyo Saowalak, Shinyo Kannika, Shinyo Ocean, C. Dream, Nave Celeste, Shinyo Splendor, Nave Atropos, Nave Rigel, Nave Dorado and Nave Lucida.
Sample 1

Related to Existing Mortgaged Vessels

  • 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;

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • 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”);

  • existing vessel means a vessel that is not a new fishing vessel.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

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

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • 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.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

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

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

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

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.

  • Existing Title Policy means, the existing title insurance policy for the Property.

  • 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:

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