Examples of Existing Ships in a sentence
The Borrower will on-lend the loan to the Owners to assist them in refinancing the indebtedness secured on the Existing Ships and in part-financing the purchase price of Target Ships.
In respect of a Ship, the undertakings in this Clause 25 (Insurance Undertakings) shall apply and remain in force on and from the first Utilisation Date in the case of the Existing Ships and the Utilisation Date of Tranche L in the case of Ship L and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.
Included in Baseline Ship specification (that is in every ship run by Whole Ship Model): No. Retrofitted to Existing Ships: Yes.
All quotations given and all contracts made by the Company are subject to the terms and conditions contained herein and all terms and conditions referred to by the buyer or contained in any order, acceptance of quotation or otherwise brought to the notice of the company are hereby excluded.
Gas carriers constructed before that date should comply with the requirements of the Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk or the Code for Existing Ships Carrying Liquefied Gases in Bulk.