NORWEGIAN JADE in each case in favour of the Restructuring Trustee as trustee for the Non-Guaranteed Loan Lenders;
NORWEGIAN JADE in each case in favour of the Restructuring Trustee as trustee for the Guaranteed Loan Lenders such assignments and notices to be in the form and on the terms and conditions agreed between the Lenders and the Guarantor on the date of the Eighth Supplemental Deed;
NORWEGIAN JADE in each case in favour of the New Term Loans Lenders or the collateral agent and/or trustee therefor and junior to all subordinations and/or assignments existing as of the date of the Eleventh Supplemental Deed in respect of such Xxxxxx Xxxxxx;
More Definitions of NORWEGIAN JADE
NORWEGIAN JADE in each case in favour of the Restructuring Trustee as trustee for (among others) the Non-Guaranteed Loan Lenders such assignments and notices to be in the form and on the terms and conditions agreed between the Lenders and the Borrower on the date of the Third Supplemental Deed;
NORWEGIAN JADE each in favour of the New Term Loans Lenders or a trustee therefor to secure the repayment of the New Term Loans (the “Fourth Priority Security Documents”) and (iii) the prepayment of the relevant part of the New Term Loans in full if (w) the construction contract in respect of a New Vessel is terminated prior to the delivery date of such New Vessel, (x) the delivery date of the relevant New Vessel does not occur on or before (I) in the case of the part of the New Term Loans related to the first New Vessel, 23 December 2013 and (II) in the case of the part of the New Term Loans related to the second New Vessel, 8 December 2014, (y) either new export credit facility to be entered into by the purchasers of the New Vessels shall terminate or (z) certain insolvency events (as specified in the loan documentation in respect of the New Term Loans) occur with respect to the yard that is building the New Vessels (a “Mandatory Prepayment”).
NORWEGIAN JADE. (together with the notices thereof) one (1) to be executed by each of the owners of the relevant Hermes Vessels in respect of its Hermes Vessel and the one (1) valid and effective subordination and assignment to be executed by the Manager (as bareboat charterer) in respect of m.v. “NORWEGIAN JADE” in each case in favour of the New Term Loans Lenders or the collateral agent and/or trustee therefor and junior to all subordinations and/or assignments existing as of the date of the Seventh Supplemental Deed in respect of such Hermes Vessel;
NORWEGIAN JADE over its Hermes Vessel in favour of the New Term Loans Lenders or the collateral agent and/or trustee therefor and junior to all ship mortgages and deeds of covenants existing as of the date of the Seventh Supplemental Deed in respect of such Hermes Vessel;
NORWEGIAN JADE in relation to the Fourth Mortgages and the Fourth Assignments such co-ordination deeds to be in the form and on the terms and conditions agreed between the Lenders and the other parties to the co-ordination deed on the date of the Seventh Supplemental Deed, such terms and conditions to include, without limitation, the conditional ability of the Borrower and Pride of Hawaii, LLC to, upon the cancellation of any construction contract for the New Vessels, prepay the relevant part of the New Term Loans in full;
NORWEGIAN JADE. (the “Vessel”) We hereby give you notice that by a fourth charter and earnings assignment dated November [__], 2010 (the “Assignment”) we assigned to KfW IPEX-Bank GmbH of Xxxxxxxxxxxxxxxxxxx 0-0, 00000 Xxxxxxxxx xx Xxxx, Xxxxxxx, acting not in its own individual capacity but solely as trustee for the Beneficiaries (as defined in the Assignment) (the “Assignee”) all our right and title to and interest in (i) the bareboat charter dated 10 February 2008 made between you and us in respect of the Vessel (the “Bareboat Charter”) and (ii) all hire, freights and other earnings of the Vessel. You are authorised to continue to pay to us the hire due under the Bareboat Charter and any other sums due to us under the Bareboat Charter unless you receive a notice from the Assignee to the contrary pursuant to an Event of Default under the said assignment. Will you please note that these instructions are not to be revoked or varied without the prior written consent of the Assignee. Will you please acknowledge receipt of this letter by signing and returning one (1) copy to us and one (1) copy to the Assignee with the endorsement below duly completed. Dated 2010 PRIDE OF HAWAII, LLC By: Title:
NORWEGIAN JADE. (the “Vessel”) PRIDE OF HAWAII, LLC (the “Assignor”) We confirm that we have effected insurances for the account of the Assignor as set out in Appendix “A” attached. Pursuant to instructions received from the Assignor and/or their authorised managers or agents and in consideration of your approving us as the appointed brokers in connection with the insurances covered by this letter, we hereby undertake: