NCLC Fleet definition

NCLC Fleet means the vessels owned by the companies in the NCLC Group.
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NCLC Fleet means the vessels owned by the companies in the NCLC Group. “NCLC Group” shall mean the Parent and its Subsidiaries.
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Examples of NCLC Fleet in a sentence

  • The Borrower will procure that each of the Vessels is traded within the NCLC Fleet from her Delivery Date and throughout the remainder of the Security Period.

  • The Borrower shall also procure that any and all of the indebtedness, except Permitted Indebtedness, of the owners or prospective owners of mortgaged vessels in the NCLC Fleet is at all times fully subordinated to the Security Documents and the obligations of the Borrower hereunder.

  • Save as contemplated by this Agreement, the Borrower will procure that none of the owners of mortgaged vessels in the NCLC Fleet will issue or enter into any guarantee or indemnity or otherwise become directly or contingently liable for the obligations of any other person, firm or corporation, otherwise than in the ordinary course of its business as owner of its vessel.

  • Save as contemplated by this Agreement or notified by the Borrower to the Agent prior to the Restatement Date, the Borrower will procure that none of the owners or prospective owners of mortgaged vessels in the NCLC Fleet will issue or enter into any guarantee or indemnity or otherwise become directly or contingently liable for the obligations of any other person, firm or corporation, otherwise than in the ordinary course of its business as owner of its vessel.

  • The Borrower will procure that each of the Vessels is traded within the NCLC Fleet from the first Advance Date and throughout the remainder of the Security Period.

  • The Borrower shall also procure that any and all of the indebtedness, except indebtedness not prohibited under the Security Documents, of the owners or prospective owners of mortgaged vessels in the NCLC Fleet is at all times fully subordinated to the Security Documents and the obligations of the Borrower hereunder.

  • The Guarantor shall also procure that any and all of the indebtedness, except Permitted Indebtedness, of the owners or prospective owners of mortgaged vessels in the NCLC Fleet is at all times fully subordinated to the Security Documents and the obligations of the Guarantor hereunder.

Related to NCLC Fleet

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

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

  • Fleet means one or more commercial vehicles.

  • spare part means a separate part of an EEE that can replace a part of an EEE. The EEE cannot function as intended without that part of the EEE. The functionality of EEE is restored or is upgraded when the part is replaced by a spare part;

  • LIBOR Replacement Date has the meaning specified in Section 3.03(c).