First Preferred Fleet Mortgage definition

First Preferred Fleet Mortgage means that certain First Preferred Fleet Mortgage of even date herewith executed and delivered by the Grantor in favor of the Secured Party, as such agreement may be amended, restated, supplemented, or otherwise modified from time to time.
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First Preferred Fleet Mortgage means the First Preferred Fleet Mortgage dated as of April 1, 2003 by Midstream Barge Company, L.L.C., in favor of Wilmington Trust Company, as Corporate Trustee and Xxxx X. Xxxxxx, Xx., as Individual Trustee, as the same may be amended, amended and restated, supplemented, replaced or otherwise modified from time to time in accordance with the Loan Documents.
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First Preferred Fleet Mortgage. The First Preferred Fleet Mortgage dated as of the date hereof from the Borrower to the Agent and substantially in the form of Exhibit L attached hereto.
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Examples of First Preferred Fleet Mortgage in a sentence

  • The Third Amended Loan Agreement (the “Agreement”) was secured by a First Preferred Fleet Mortgage (the “Preferred Mortgage”), which encumbered four of Accumarine’s vessels for which the loan had been granted.Accumarine has not made a principal payment under the Agreement since December 2008 and has not made an interest payment since June 2009.

  • The Mortgagee hereby accepts all of the terms and conditions set forth in this First Preferred Fleet Mortgage and the first preferred mortgage lien granted hereby.

  • I further certify that sufficient proof was submitted to me that _______ is duly authorized to sign the foregoing First Preferred [Fleet] Mortgage for and on behalf of the said corporation and that the purposes for which the said instrument is granted are within the scope of the objects and activities of the said corporation.

  • The access restrictions it contained were much 29–006 more limited than visitors and local residents were accustomed to, but there was general agreement that the strategy was functional.

  • In this First Preferred [Fleet] Mortgage, clause headings are inserted for convenience of reference only and shall be ignored in the interpretation of this First Preferred [Fleet] Mortgage.

  • For the purpose of recording this First Preferred [Fleet] Mortgage as required by [LOCAL LAW], the total amount is [Two Hundred Million United States Dollars (US$200,000,000)] plus interest and performance of mortgage covenants.

  • For the purpose of recording this First Preferred [Fleet] Mortgage as required by [REFERENCE TO RELEVANT DOMESTIC LAW], the total amount is Xxx Xxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxxx Dollars (US$180,000,000) plus interest and performance of mortgage covenants.

  • This Vessel is covered by a First Preferred Fleet Mortgage to Citibank, N.A., as Trustee.

  • This Vessel is covered by [a Third Amended and Restated First Preferred Fleet Mortgage dated August 30, 2012] [a First Preferred Fleet Mortgage dated August 30, 2012] in favor of General Electric Capital Corporation, as Agent (the "Mortgagee"), under authority of Chapter 313, Title 46 of the United States Code.

  • The notice in Section 2.08(c) shall read as follows with respect to each Vessel: “This Vessel is owned by K-SEA OPERATING PARTNERSHIP L.P., a Delaware limited partnership (the “Shipowner”), and is covered by a First Preferred Fleet Mortgage in favor of the United States of America, under authority of Chapter 000, Xxxxx 00 xx xxx Xxxxxx Xxxxxx Code.


More Definitions of First Preferred Fleet Mortgage

First Preferred Fleet Mortgage. (this "Mortgage") dated as of June 20, 2002 is by [OWNER, a _____________________] having its principal offices at 5847 San Felipe, Suite 3300, Houston, Texas 77057 (the "Owner"), in faxxx xx XXXXXX XXXXXXXX XXX YORK BRANCH, a French banking association having offices at 1301 Avenue of the Americas, New York, New York 10019, as Collateral Axxxx xxx xxxxxxxxx (xx xxxx xxxxxxxx, xxx "Xxxxxxxxx") for the benefit of the Finance Parties (as defined in the Revolving Credit Agreement referred to below).
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First Preferred Fleet Mortgage means that certain First Preferred Fleet Mortgage of even date herewith executed and delivered by Grantor in favor of Secured Party, as such agreement may be amended, restated, supplemented, or otherwise modified from time to time.
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Related to First Preferred Fleet Mortgage

  • 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.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • General Security Agreement means the general security agreement dated on or about the date hereof given by Borrower in favour of Lender in respect of the Obligations.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Subordinated Note Amount has the meaning set forth in the Recitals.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • Initial Debentures means the Debentures designated as “9.5% Unsecured Convertible Debentures” and described in Section 2.5;

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Mortgage Amendments as defined in Section 6.11(a).

  • Subordinated Note Indenture means the Indenture dated as of the Closing Date, among the Borrower, the guarantors party thereto and The Bank of New York, as trustee, pursuant to which the Subordinated Notes are issued, as the same may be amended, supplemented or otherwise modified from time to time to the extent permitted by Section 10.7(b).

  • Subordinated Note Documents means the indenture under which the Subordinated Notes were issued and all other instruments, agreements and other documents evidencing or governing the Subordinated Notes or providing for any Guarantee or other right in respect thereof.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Second Lien Security Agreement means the “Security Agreement” as defined in the Second Lien Credit Agreement.

  • Finance Leases means any finance leases, to the extent the arrangement is or would have been treated as a finance or a capital lease in accordance with the Accounting Principles applicable on the First Issue Date (a lease which in the accounts of the Group is treated as an asset and a corresponding liability), and for the avoidance of doubt, any leases treated as operating leases under the Accounting Principles as applicable on the First Issue Date shall not, regardless of any subsequent changes or amendments of the Accounting Principles, be considered as a finance lease.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).

  • Series C Equipment Notes means Equipment Notes issued under an Indenture and designated as "Series C" thereunder.

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

  • Subordinated Debentures means the debentures exchangeable by the Company for the Preferred Stock in accordance with the Certificate of Designations therefor.