Free Maverick definition

Free Maverick means the vessel previously named “Xxxx Xxxxx” and currently named free maverick registered under the flag of Liberia with IMO number 9157416.
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Free Maverick means the vessel previously named “Vxxx Xxxxx” and currently named free maverick registered under the flag of Liberia with IMO number 9157416; Opt Out Event means the occurrence of one or more of the following events:
Sample 1
Free Maverick. (the “Vessel”) registered in the Liberian Ship Register under official number 13999. (B) Pursuant to an amended and restated facilities agreement dated on or about the date hereof (the “Restated Facilities Agreement”) between, amongst others, the Lender and the Borrower, the Lender has agreed to continue to make certain facilities available to the Borrower. (C) Pursuant to the Restated Facilities Agreement the Borrower has executed in favour of the Lender an amendment and restatement to the first preferred mortgage (the “Mortgage”) on the Vessel dated on or about the date hereof, which Mortgage has been or will be registered against the Vessel as security for the payment to the Lender of the Secured Liabilities. (D) It is a condition precedent to initial Utilisation of the Facilities as defined in and under the Restated Facilities Agreement that the Borrower shall execute this Deed together with the Lender.
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Examples of Free Maverick in a sentence

  • Vessel acquisitions during the year ended December 31, 2008 During 2008, the Company acquired the M/V Free Knight, M/V Free Impala, M/V Free Lady and M/V Free Maverick for a total purchase cost of $180,733.

  • On November 1, 2011, according to the terms of the loan agreement with Deutsche Bank Nederland, the Company shall pay towards Deutsche Bank Nederland facility in relation to M/V Free Maverick a success fee calculated on the facility amount then outstanding.

  • The back log asset relating to the acquisition of the Free Maverick which was acquired in September 2008 was fully amortized during the six — month period ended June 30, 2009.

  • During the nine months ended September 30, 2008, the Company acquired the M/Vs Free Knight, Free Impala, Free Lady and Free Maverick for a total purchase cost of $182,539.

  • The back-log asset relating to the acquisition of the M/V Free Maverick which was acquired in September 2008 was fully amortized during the year ended December 31, 2009.

  • The temperature ramp of -15 °C/ min was applied for cooling process, and 15 °C/min for heating process.

  • As a result of the court approval, Crede released $10,500 to Deutsche Bank, presently held in escrow, and Deutsche Bank, upon receipt of the funds, has, in accordance with the Settlement Agreement, forgiven the remaining outstanding indebtedness and overdue interest owed by the Company approximately $19,500 in total as well as released all collateral associated with the loan, including the lifting of the mortgages over the M/V Free Maverick and the M/V Free Knight.

  • The back-log asset relating to the acquisition of the Free Maverick, which was acquired in September 2008, was fully amortized during the nine-month period ended September 30, 2009.

  • The $27,000 was drawn on March 18, 2008 to finance a portion of the purchase price of the M/V Free Knight.As of March 31, 2009, the outstanding loan balances under the amended HBU facility amounts to $20,000 for the M/V Free Knight, $29,600 for the M/V Free Maverick and $nil for the M/V Free Destiny.

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