Mortgage Addendum definition

Mortgage Addendum means the addendum to the Mortgage in the agreed form.

Mortgage Addendum means, in respect of each Mortgage, a third addendum thereto executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Agent may approve or require and, in the plural, means both of them.

Mortgage Addendum means, in respect of each of the Vessels, an addendum to the Mortgage in respect thereof, in such form as the Agent and the Majority Lenders may in their sole discretion require, and in the plural means all of them.

Examples of Mortgage Addendum in a sentence

• The Borrowers represent and warrant to the Agent that the representations and warranties in the Existing Finance Documents to which they are a party, as amended and restated by this Agreement and updated with appropriate modifications to refer to this Agreement and, where appropriate, the Mortgage Addendum, remain true and not misleading if repeated on the date of this Agreement with reference to the circumstances now existing.

• The Borrowers represent and warrant to the Agent that the representations and warranties in clause 10 of the Loan Agreement, as amended and restated by this Agreement and updated with appropriate modifications to refer to this Agreement and, where appropriate, the Mortgage Addendum, remain true and not misleading if repeated on the date of this Agreement with reference to the circumstances now existing.

• With effect on and from the Effective Date the Master Agreement shall be, and shall be deemed by this Agreement to be, amended so that the definition of, and references throughout to, the Loan Facility and the Credit Support Documents shall be construed as if the same referred to the Loan Agreement and those Credit Support Documents as amended and restated or supplemented by this Agreement and the Mortgage Addendum.

• With effect on and from the Effective Date, the Master Agreement shall be, and shall be deemed by this Agreement to be, amended so that references throughout to, the USD$120,000,000 Term Loan Facility Agreement dated 19 April 2006 and the Credit Support Documents shall be construed as if the same referred to the Loan Agreement and those Credit Support Documents as amended and restated or supplemented by this Agreement and the Mortgage Addendum.

• The Borrower represents and warrants to the Creditor Parties that the representations and warranties in clause 10 of the Loan Agreement (other than clause 10.3), as amended by this Agreement and updated with appropriate modifications to refer to this Agreement and, where appropriate, each Mortgage Addendum remain true and not misleading if repeated on the date of this Agreement with reference to the circumstances now existing.

More Definitions of Mortgage Addendum

Mortgage Addendum means, in relation to each Borrower Ship, the first addendum to the First Preferred Mortgage over that Borrower Ship;

Mortgage Addendum means, in relation to each Ship, any addendum executed or (as the context may require) to be executed between the relevant Borrower and the Bank under the Supplemental Agreement (or any subsequent supplemental agreement to this Agreement) in such form as the Bank may require and being supplemental to the relevant Mortgage and "Mortgage Addenda" means any or all of them; and

Mortgage Addendum means, in relation to each Ship, the addendum to the Mortgage in respect of such Ship in the Agreed Form.

Mortgage Addendum means the first addendum to the Mortgage executed or, as the case may be, to be executed, by the Borrower in favour of the Lender in such form as the Lender may reasonably approve or require;”;

Mortgage Addendum means, in relation to the Mortgage, the first addendum to the Mortgage, executed or to be executed by the Borrower and the Security Trustee substantially in the form set out in Appendix 2 .

Mortgage Addendum means, in relation to each Original Ship, the first addendum, to the Mortgage on that Original Ship, executed or to be executed by:

Mortgage Addendum means, in respect of the Mortgage relative to: