NORDIC OSHIMA definition

NORDIC OSHIMA means the Ice Class 1A PMX motor vessel under construction at Oshima Shipbuilding Co., Ltd. with Hull Number 10758 to be named “NORDIC OSHIMA”, to be registered in the name of Bulk Oshima under Panamanian flag;
NORDIC OSHIMA means the 2014-built Ice Class 1A Panamax bulker motor vessel of 41,071 gross registered tons and 25,617 net registered tons named “NORDIC OSHIMA”, IMO Number 9687227, and registered in the name of Bulk Oshima under Panamanian flag;
NORDIC OSHIMA means the Ice Class 1A PMX motor vessel under construction at Oshima Shipbuilding Co., Ltd. with Hull Number 10758 to be named “NORDIC OSHIMA”, to be registered in the name of Bulk Oshima under Panamanian flag; “Non-indemnified Tax” means:

Examples of NORDIC OSHIMA in a sentence

  • Subject to the other provisions of this Agreement, the Lenders severally agree to make available to the Borrowers a loan facility in the principal amount of up to: (a) in respect of the Advance for NORDIC ODYSSEY and NORDIC ORION, the lesser of $40,000,000 and 65% of the aggregate Fair Market Value of such Ships; and (b) in respect of the Advance for NORDIC OSHIMA, the lesser of $22,500,000 and 70% of the Fair Market Value of such Ship.

  • The Borrowers shall use the proceeds of the first Advance solely for the purposes of (i) repayment of a bridge loan provided by ST Shipping, and (ii) repayment of subordinated shareholder loans provided by ST Shipping and Pangaea, and the proceeds of the second Advance solely for the purpose of financing the acquisition of NORDIC OSHIMA.

  • The Borrowers undertake with each Creditor Party to use the Advances only for the purposes of (i) repayment of a bridge loan provided by ST Shipping, (ii) repayment of subordinated shareholder loans provided by ST Shipping and Pangaea and (iii) delivery financing of NORDIC OSHIMA.

  • Upon the terms and conditions of this Agreement, the parties hereto have agreed to amend and restate the Original LoanAgreement to, among other things, provide for an additional Advance to finance the acquisition of NORDIC OSHIMA.


More Definitions of NORDIC OSHIMA

NORDIC OSHIMA. The Borrowers shall cause Pangaea to refinance the indebtedness due by the owners of said vessels to DVB Bank SE and the other lenders party to that certain Amended and Restated Loan Agreement dated as of September 18, 2015 and cause Pangaea to notify the Lender by no later than February 28, 2021 if such refinancing is anticipated to extend beyond March 31, 2021. 4822-8289-8388

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