Mortgage Period definition

Mortgage Period means, in relation to a Mortgaged Ship, the period from the date the Mortgage over that Ship is executed and registered until the date such Mortgage is released and discharged or, if earlier, its Total Loss Date.

Mortgage Period means, with respect to any Financed SF Property, any period during which a Mortgage Event has occurred and is continuing.

Mortgage Period means, in relation to a Mortgaged Ship, the period from the date the Mortgage over that Ship is executed and registered until the date such Mortgage is released and discharged or, if earlier, its Total Loss Repayment Date.

Examples of Mortgage Period in a sentence

• Such other documents as Administrative Agent may commercially reasonably request in order to effect the purposes of this Agreement (other than any opinions related to Mortgages prepared during a Mortgage Period), in form and substance commercially reasonably acceptable to Administrative Agent.

• On or after the commencement of any Mortgage Period with respect to a Financed SF Property (or such period beginning on a later date as the applicable Lender may agree in writing (which agreement in writing may be via email) in its sole discretion), the Borrowers shall promptly execute Mortgage Documents with respect to such Financed SF Property and file or record, as applicable, such Mortgage Documents.

• The Borrower undertakes that this clause 25 will be complied with throughout any Mortgage Period.

• Each Ship shall on the first day of the relevant Mortgage Period be free of any charter commitment (other than any Charter if any Charter has been entered into by an Owner) which, if entered into after that date, would require approval under the Finance Documents.

• Each Borrower undertakes that this clause 23 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship’s Mortgage Period.

More Definitions of Mortgage Period

Mortgage Period means the period from the date the Mortgage is executed and registered until the date such Mortgage is released and discharged or the Total Loss Repayment Date.

Mortgage Period means, in relation to a Mortgaged Ship, the period from the date the Mortgage over that Ship is executed and registered until the date such Mortgage is released and discharged or, if earlier, its Total Loss Date. Mortgaged Ship means, at any relevant time, any Ship which is subject to a Mortgage and/or whose Earnings, Insurances and Requisition Compensation are subject to a Security Interest under the Finance Documents.

Mortgage Period means any period during which a Mortgage Event has occurred and is continuing.

Mortgage Period means, in relation to a Mortgaged Ship, the period from the date the Mortgage over that Ship is executed and registered until the date such Mortgage is released and discharged or, if earlier, its Total Loss Date. Mortgaged Ship means, at any relevant time, any Ship which is subject to a Mortgage and/or whose Earnings, Insurances and Requisition Compensation are subject to a Security Interest under the Finance Documents. Newbuilding Date means, in relation to the 21,000 CBM semi-refrigerated, ethylene capable LPG tanker with hull number 2531 which is being built by Jiangan Shipyard for the Parent or one of its Subsidiaries, either the date on which that vessel is delivered to and accepted by the Parent or the relevant Subsidiary of the Parent or the date on which the shipbuilding contract for such vessel is cancelled or terminated. Newbuilding Vessels means four 21,000 CBM semi-refrigerated, ethylene capable LPG tankers with hull numbers 2530, 2531, 2532 and 2533 to be built by Jiangan Shipyard for the Parent or one or more of its Subsidiaries.

Mortgage Period means the period commencing on the date on which the Mortgage over the Vessel is executed and submitted for registration until the earlier of the date on which the Mortgage is released and discharged and the Total Loss Date in respect of the Vessel. Net Hedging Expenses for any period means the amounts payable (or, in respect of a future period, projected to be payable) during that period under any Hedging Contract by the Borrower less the amounts payable (or, in respect of a future period, projected to be payable) during that period under any Hedging Contract to the Borrower in each case excluding any payment in respect of a party’s costs of entering into or terminating a Hedging Contract (and, for the avoidance of doubt, any Net Hedging Expenses may be a negative amount as well as a positive amount). New Lender has the meaning given to such term in clause 33.1 (Assignments and transfers by the Lenders).

Mortgage Period has the meaning assigned thereto in Section 8.14(c).

Mortgage Period means the period from the date of this Agreement and until the date the Mortgaged Property is discharged according to Section 11 (Termination and release) hereof.