Launching Instalment definition

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;
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Launching Instalment means, in relation to (i) each Existing Ship, the Contract Instalment of that Ship in the amount of Eight million Dollars ($8,000,000) payable by the relevant Borrower to the relevant Builder under Clause 2 (d) 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 Launching Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
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Launching 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 (e) of Article X of the Existing Contract out of which an amount of Nine million Three hundred Fifty thousand Dollars ($9,350,000) is deemed paid and (ii) an Additional Ship or a Substitute Ship, the Contract Instalment payable by the relevant Owner to the relevant Builder on the relevant Launching Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
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More Definitions of Launching Instalment

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 Launching Instalment

  • 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 (if any) specified as such opposite each Instalment Amount in the Issue Memorandum.

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

  • 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);

  • Existing installation means an installation, construction of which began prior to the effective date of any regulation having application to it.

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

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

  • 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;

  • 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;

  • Scheme Year means a period of one year beginning with 1st April and ending with 31st March;

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

  • Type 3 Installation means any Technical Installation upon which none of the SW, or only a portion of the SW, deployed is licensed for Use with such TPD, and therefore a TPD is not deployed or running.

  • Guaranteed Commercial Operation Date has the meaning set forth in Section 3.9(c)(i).

  • Voyage means any movement of a ship that originates from or terminates in a port of call and that serves the purpose of transporting passengers or cargo for commercial purposes;

  • Loan Period means, with respect to each LIBOR Rate Loan, the period commencing on the Funding Date for such LIBOR Rate Loan and ending on the numerically corresponding day one (1) month, two (2) months, three (3) months or six (6) months thereafter, as specified by the Borrower in the Notice of Borrowing submitted under Section 2.04; provided, however, that:

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Lending Installation means, with respect to a Lender or the Administrative Agent, the office or branch of such Lender or the Administrative Agent listed on the signature pages hereof, on a Schedule, in an Assumption Agreement or otherwise selected by such Lender or the Administrative Agent pursuant to Section 2.17.

  • Type 1 Installation means any Technical Installation upon which all SW deployed is licensed for Use with, and is running on, such TPD;

  • Installation Date means the date specified in the Statement of Work by which the Contractor must have the ordered Equipment ready (certified) for use by the State.

  • Shipment Date means the date for shipment of Product requested by Buyer in a Purchase Order.

  • Performance Bank Guarantee means the irrevocable unconditional bank guarantee to be submitted by the successful bidder as per the RfS.

  • Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.