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
Each Borrower undertakes that this clause 22 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship’s Mortgage Period.
Each Borrower undertakes that this clause 25 will be complied with throughout any Mortgage Period.
Each Borrower undertakes that this clause 26 will be complied with in relation to each Mortgaged Ship and its Charter Documents and, if a Charterer is a Group Member, by the relevant Charterer at any time during the relevant Ship’s Mortgage Period that the Ship is subject to a Charter.
Each Borrower undertakes that this clause 23 will be complied with in relation to each Mortgaged Ship throughout the relevant Ship’s Mortgage Period.
Each Ship shall on the first day of the relevant Mortgage Period be free of any Charter.
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, if earlier, its Total Loss Date.
Mortgage Period means any period during which a Mortgage Event has occurred and is continuing.
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 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, in relation to a Mortgaged Vessel, the period from the date the Mortgage over that Vessel is executed and registered until the date such Mortgage is released and discharged or 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. “MSA” shall mean a Metropolitan Statistical Area as determined by the U.S. Office of Management and Budget.
Mortgage Period means the period from the date the Mortgage is executed and registered until the date such Mortgage is released and discharged or, if earlier, the Ship’s Total Loss Date. New Lender has the meaning given to that term in clause 30 (Changes to the Lenders).