First Preferred Ship Mortgages definition

First Preferred Ship Mortgages means the first preferred ship mortgages, in form and substance reasonably satisfactory to the Agents, executed and delivered by a Borrower to the Collateral Agent with respect to each of the Eligible Vessels.
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First Preferred Ship Mortgages means the HE First Preferred Ship Mortgage and the RPG First Preferred Ship Mortgage.
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First Preferred Ship Mortgages means the first preferred ship mortgages executed by Borrower and Cruise Corporation, respectively, in connection with the
Sample 1

Examples of First Preferred Ship Mortgages in a sentence

  • The Administrative Agent shall have received evidence of recording of the First Preferred Ship Mortgages with the U.S. Coast Guard National Vessel Documentation Center.

  • Each Collateral Document, including the First Preferred Ship Mortgages and Assignment of Insurances, creates in favor of the Administrative Agent or the Mortgage Trust on behalf of the Secured Parties a Lien that has attached in the Collateral secured thereby.

  • The Company shall have the right, from time to time, without any release from or consent by or notice to the Trustee, (a) to sell or otherwise dispose of and to permit any sale or other disposition of, free from the Lien of this Indenture and the First Preferred Ship Mortgages, any Incidental Asset and any investment, security or instrument (other than Capital Stock of a Guarantor) pursuant to Section 4.09(c).

  • The execution and delivery of this Waiver and Agreement and the performance thereof and the performance of the Indenture as amended by the Third Supplement, will not affect the validity, perfection, enforceability or priority of the Remaining First Preferred Ship Mortgages.

  • Execution and delivery by the Borrower of a First Preferred Ship Mortgage(s) covering the Xxxxx X.

  • The payment and performance of the Secured Obligations shall be secured by a first and superior Lien (except for Permitted Liens) against all of the assets of each Borrower (other than Excluded Property) pursuant to the terms of one or more Security Agreements, Mortgages, First Preferred Ship Mortgages, Assignments of Insurances, Aircraft Security Agreements, and other appropriate Collateral Documents.

  • However, such revocation is not effective to the extent LifeMap Assurance Company have relied previously upon this authorization for the use or disclosure of my protected health information.

  • Specifically, NMFS indicated in the Federal Register notice that a constant position over the drill, coring, or cone penetration site must be maintained to ensure the integrity of the geotechnical survey equipment.

  • On information and belief, Tao and EnzymeWorks misappropriated Codexis’s trade secrets at least by improperly acquiring them from a former Codexis employee or employ- ees.

  • This Contract, including Parts I and II of this Contract, contains the entire agreement between the parties with respect to the subject matter hereof and all prior or contemporaneous agreements or understandings whether written or oral are merged into this Contract.


More Definitions of First Preferred Ship Mortgages

First Preferred Ship Mortgages means the first preferred ship mortgages executed by Florida Casino and Cruise Corporation, respectively, in connection with the Florida Casino Obligations and the Cruise Corporation Obligations, respectively, that encumber the Vegas Express and the Leisure Lady and secure the Florida Casino Obligations, the Cruise Corporation Obligations, and certain other obligations described in such mortgages, as amended.
Sample 1

Related to First Preferred Ship Mortgages

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Drilling Netherlands BV NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Drilling (Malaysia) I SDN, a private company limited by shares duly incorporated with limited liability under the laws of Malaysia (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessels AQUAMARINE DRILLER and TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • 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.

  • Guarantee and Security Agreement means that certain Guarantee, Pledge and Security Agreement, dated as of the Effective Date, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, each holder (or a representative, agent or trustee therefor) from time to time of any Secured Longer-Term Indebtedness, and the Collateral Agent.

  • Existing Mortgages means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

  • Pledge and Security Agreement means the Pledge and Security Agreement executed and delivered by the Borrower and each Guarantor on the Closing Date in form and substance acceptable to the Initial Lender and the Collateral Agent, as it may be amended, supplemented, restated or otherwise modified from time to time. For the avoidance of doubt, the terms of the “Pledge and Security Agreement” shall include the terms of all Applicable Annexes (as defined in the Pledge and Security Agreement).

  • 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.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Company Security Agreement means the Company Security Agreement executed and delivered by Company on the Closing Date, substantially in the form of Exhibit XIV annexed hereto, as such Company Security Agreement may thereafter be amended, supplemented or otherwise modified from time to time.

  • Share Pledge Agreement has the meaning given such term in the definition of Collateral and Guaranty Requirements.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower 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;

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Holdings Pledge Agreement means the Holdings Pledge Agreement, dated as of the Closing Date, among Holdings and the Collateral Agent.

  • Equity Pledge Agreement means the Equity Pledge Agreement, dated as of May 15, 2018, among the Company, as pledgor, and the Collateral Agent, as security agent, pursuant to which the Company pledges all of its rights, title and interest in the equity interests in the Permitted Subsidiary to the Collateral Agent, for the benefit of the Secured Parties.

  • Stock Pledge Agreements means each Stock Pledge Agreement of the Borrower and any of its Subsidiaries in substantially the form of Exhibit 4.1B, as amended, restated or supplemented from time to time.

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

  • Shares Pledge means the first priority pledge of the shares of and in each Borrower to be executed by the Shareholder in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means both of them;

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

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

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

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

  • 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.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.