Keel Laying Instalment definition

Keel Laying Instalment means, in relation to (i) each Existing Ship, the Contract Instalment of that Ship in the amount of Four million Dollars ($4,000,000) payable by the relevant Borrower to the relevant Builder under Clause 2 (c) of Article X of the relevant Existing Contract and (ii) an Additional Ship or a Substitute Ship, the Contract Instalment payable by the relevant Collateral Owner to the relevant Builder on the relevant Keel Laying Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
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Keel Laying Instalment means the instalment of the Contract Price of a Vessel payable by the Owner thereof to the Builder on the date of the laying of the keel of that Vessel in accordance with the Shipbuilding Contract related to such Vessel and, in the plural, means both of them;
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Keel Laying Instalment means, in relation to (i) the Existing Ship, the Contract Instalment of that Ship in the amount of Eighteen million Seven hundred thousand Dollars ($18,700,000) payable by the Existing Owner to the relevant Builder under Clause 2 (d) of Article X of the Existing Contract and (ii) an Additional Ship or a Substitute Ship, the Contract Instalment payable by the relevant Owner to the relevant Builder on the relevant Keel Laying Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
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More Definitions of Keel Laying Instalment

Keel Laying Instalment means the instalment of the Contract Price of a Vessel payable by the Owner thereof to the Builder on the date of the laying of the keel of that Vessel in accordance with the Shipbuilding Contract related to such Vessel and, in the plural, means both of them; “Keel Laying Instalment Payment Date” means in respect of each Vessel the date provided in Article III Clause 4 paragraph (c) of the relevant Shipbuilding Contract; “Launching Instalment” means the instalment of the Contract Price of a Vessel payable by the Owner thereof to the Builder on the date of the launching of such Vessel in accordance with the Shipbuilding Contract related to such Vessel and, in the plural, means both of them; “Launching Instalment Payment Date” means in respect of each Vessel the date provided in Article III Clause 4 paragraph (d) of the relevant Shipbuilding Contract; “L/C Bank” means HSH NORDBANK AG, in its capacity as issuing bank under the L/C Facility Agreement, or any successor of it in such capacity;
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Related to Keel Laying Instalment

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Instalment Date means each date specified as such in the Final Terms.

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Child day center means a child day program offered to (i) two or more children under the age of 13 in a facility that is not the residence of the provider or of any of the children in care or (ii) 13 or more children at any location.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • assessment period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;

  • Assessment Date means the tax assessment effective date for each tax year in question,i.e. December 31 of the immediately preceding calendar year.

  • LC Payment Date is defined in Section 2.20.5.

  • Applicable Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Party A Payment Dates Each Quarterly Interest Payment Date from and including the Quarterly Interest Payment Date falling in {circle} 2004 up to the Termination Date and the Termination Date.

  • Final Repayment Date means the date falling on the earlier of (i) the date falling on the sixth anniversary of the Drawdown Date and (ii) 30 November 2023.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.