Fleet Mortgage definition

Fleet Mortgage means a mortgage in substantially the form of Exhibit F-2, as the same may be amended, modified or supplemented from time to time.
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Fleet Mortgage. The "Fleet Mortgage" means those certain Fee Mortgages securing the Power Test Lessor's obligations pursuant to that certain Amended and Restated Loan Agreement between the Power Test Lessor and Fleet National Bank dated October 31, 1995, as subsequently amended.
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Fleet Mortgage means the First Preferred Fleet Mortgage dated as of January 31, 2001, made by the Borrower to the Trustee covering all Documented Vessels.
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Examples of Fleet Mortgage in a sentence

  • The Credit Parties shall not do any act or voluntarily suffer or permit any act to be done whereby any insurance required hereunder or under any of the Fleet Mortgage shall or may be suspended, impaired or defeated, or suffer or permit any Vessel to engage in any voyage or carry any cargo not permitted under the policies of insurance then in effect covering such Vessel.

  • The Mortgagor hereby confirms the accuracy of each of the representations and warranties of the Fleet Mortgage as of the date hereof with respect to each Vessel identified herein.

  • The Mortgagor was duly organized and is now validly existing and in good standing as a limited liability company under the laws of the State of Delaware and shall so remain during the life of this Fleet Mortgage and so long as any of the Secured Obligations shall remain outstanding.

  • This Fleet Mortgage and any amendment hereof may be executed in any number of counterparts and all such counterparts executed and delivered each as an original shall constitute but one and the same instrument.

  • The provisions of this Fleet Mortgage may not be waived except in writing by the Mortgagee.


More Definitions of Fleet Mortgage

Fleet Mortgage means the first preferred fleet mortgage, dated the date hereof, given by Grand River in favor of GE Capital on Grand River's U.S. Flag Vessels named INVINCIBLE, MAUMEE and CALUMET, respectively.
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Fleet Mortgage means the First Preferred Fleet Mortgage, substantially in the form attached hereto as Exhibit B, to be executed and delivered by the Guarantor in favor of the Administrative Agent, for the benefit of the Secured Parties, and recorded with NVDC, as the same may be amended, restated, supplemented or otherwise modified in writing from time to time.
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Fleet Mortgage a first priority mortgage on each of the Vessels (save for Supporter) in the amount of NOK 715.000.000,- as amended by the Addendum executed by the Borrower in favour of the Agent on behalf of the Banks, substantially in the terms and form as set out in Appendix ( ) hereto.
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Fleet Mortgage means the first preferred fleet mortgage on the K-Sea Vessels, Contract No. MA-13783, by K-Sea to the Secretary, as originally executed, amended, modified or supplemented.
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Fleet Mortgage means the First Preferred Fleet Mortgage, substantially in the form attached hereto as Exhibit B, to be executed and delivered by the Guarantor in favor of the
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Fleet Mortgage means as defined in Section 5.1(f)(i).
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Fleet Mortgage means the first mortgage dated March 29, 1996 given by the Borrower to Fleet on the Borrower's facility in Paterson, New Jersey and recorded on April 17, 1996 in the Passaic County Register's Office in Volume 159, Page 53, et seq., to secure the Fleet Mortgage Loan, as same has been and may hereafter be amended and modified.
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