Letter of Quiet Enjoyment definition

Letter of Quiet Enjoyment means the letter of quiet enjoyment entered into or to be entered into between the Charterer, the Borrower and the Security Agent in the agreed form.

Letter of Quiet Enjoyment means a letter addressed or to be addressed by the Security Trustee to the Time Charterer in agreed form (and acknowledged or to be acknowledged by the Borrower and the Time Charterer);

Letter of Quiet Enjoyment means, in respect of a Vessel, a letter of quiet enjoyment entered or to be entered into between the Agent, the relevant charterer and the relevant Borrower in respect of that charterer’s quiet enjoyment of that Vessel under the relevant charterparty, in form and substance satisfactory to the Lenders.

Examples of Letter of Quiet Enjoyment in a sentence

• In which case, the Owners undertake to procure from the Mortgagee a Letter of Quiet Enjoyment in a form and substance acceptable to the Charterers.

• During the course of the Charter the Owners have the right to register a substitute mortgage in favour of another bank provided such registration is effected in a similar amount to the loan amount outstanding with the Mortgagee at that time and only if such substitute mortgagee executes a Letter of Quiet Enjoyment in favour of the Charterers in the same form as that provided by the Mortgagee or the form acceptable for the Charterers.

• Owners shall procure that any mortgage and charterhire assignment shall be subject to this Charter and to the rights of the Charterers hereunder, in accordance with, and subject to, a Letter of Quiet Enjoyment.

• If any Lien (other than in favor of the Beneficiary) is created by Lessor or Beneficiary on the Aircraft or this Lease securing indebtedness, the Lessee shall cooperate with Beneficiary, at Beneficiary's expense, in perfecting the rights of the financier and the Beneficiary shall cause the lender before such Lien is effected to provide a Letter of Quiet Enjoyment to Lessee.

• Owners shall procure that any mortgage and charter hire assignment shall be subject to this Charter and to the rights of the Charterers hereunder, in accordance with, and subject to, a Letter of Quiet Enjoyment.

More Definitions of Letter of Quiet Enjoyment

Letter of Quiet Enjoyment means the letter of quiet enjoyment entered into or to be entered into between the Charterer, the Borrower and the Security Agent in form and substance acceptable to the Lenders.

Letter of Quiet Enjoyment means a letter executed by the Lender or any other beneficiary of a Lessor's Lien, in each case in the form of schedule 6, or such other form as the Lessee and the Lessor may agree;

Letter of Quiet Enjoyment means a Letter of Quiet Enjoyment in substantially the same form as attached inschedule 7 – Letter of Quiet Enjoyment hereto;

Letter of Quiet Enjoyment means a written confirmation by each of Owner, Servicer, Beneficiary, Superior Lessor, and any collateral agent or security trustee and their respective successors and permitted assigns, in form and substance reasonably satisfactory to Lessee, confirming such person’s covenant not to interfere with Lessee’s quiet and peaceful use and enjoyment of the Aircraft in the absence of an Event of Default.

Letter of Quiet Enjoyment means, with respect to each Engine, a letter of quiet enjoyment substantially in the form of Exhibit E hereto.

Letter of Quiet Enjoyment means a letter of quiet enjoyment in the form attached hereto as Schedule 6;

Letter of Quiet Enjoyment means a Letter of Quiet Enjoyment in substantially the same form as attached in ‎schedule 7 – Letter of Quiet Enjoyment hereto;