First Deed of Covenant definition

First Deed of Covenant means, in relation to a Vessel, if required by the laws of the Approved Flag State, the deed of covenant collateral to the First Mortgage over that Vessel and creating Security over that Vessel in agreed form.
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First Deed of Covenant means the first priority deed of covenant collateral to the First Mortgage dated 30 January 2004 executed by the Corporate Guarantor in favour of the Bank as security for the Corporate Guarantor’s obligations under the First Loan Agreement; “First Loan Agreement” means the loan agreement dated 28 January 2004 made between (a) the Corporate Guarantor and (b) the Bank, as amended and supplemented from time to time; “First Manager’s Undertaking” means the first priority undertaking and assignment in relation to the Collateral Ship dated 30 January 2004 and executed by the Manager (as defined in the First Loan Agreement) in favour of the Bank; “First Mortgage” means the first priority Maltese statutory mortgage of the Collateral Ship dated 30 January 2004 executed by the Corporate Guarantor in favour of the Bank as security for the Corporate Guarantor’s obligations under the First Loan Agreement; “First Mortgage Documents” means, together, the First Loan Agreement, the First Mortgage, the First Deed of Covenant and the First Manager’s Undertaking; “First Repayment Date” means, in relation to each Tranche (and subject to clause 6.3), the date falling three (3) months after the earlier of (a) the Drawdown Date of the Delivery Advance relevant to such Tranche and (b) the last day of the Drawdown Period for the Delivery Advance relevant to such Tranche; “Flag State” means:
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First Deed of Covenant means the agreed form of deed of covenant annexed hereto at appendix 6;
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More Definitions of First Deed of Covenant

First Deed of Covenant means the deed of covenant collateral to the First Mortgage executed or (as the context may require) to be executed by the Owners in favour of the First Mortgagee;
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Related to First Deed of Covenant

  • Deed of Covenant means a deed of covenant collateral to a mortgage on a Ship to be executed in favour of the Security Trustee by the Owner of the relevant Ship in such form as the Lenders may approve or require and, in the plural means all of them;

  • Deed of Charge means the English law deed of charge that may be entered into between the Guarantor and the Representative of the Covered Bondholders (acting on behalf of the Covered Bondholders and the Other Creditors);

  • Trust Deed means the Trust Deed dated December 9, 2002 of UTI Mutual Fund.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Forbearance Agreement means the forbearance agreement entered into by Granite Co. prior to the implementation of the 2011 Arrangement.

  • Bond Agreement means this bond agreement, including any Attachments to which it refers, and any subsequent amendments and additions agreed between the Parties.

  • Amendment Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Consent Agreement shall have the meaning set forth in Section 14.2.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity. Cost of New Entry:

  • Charter Assignment means a specific assignment of each Charter and each Extended Employment Contract required to be executed hereunder by the Borrower which is party thereto in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.