Examples of Owned Vessels in a sentence

Each of the Owned Vessels is classed by a classification society which is a full member of the International Association of Classification Societies and such Owned Vessels are in class with valid class and trading certificates, without overdue recommendations, in each case based on the classification and certification requirements in effect on the date hereof.
Vessels and the US Owned Vessels (based on the most recent appraisal obtained by the Agent) less (ii) the obligations secured by the Liens attaching to the Cdn.
Each of the Owned Vessels is in good standing with respect to the payment of past and current taxes, fees and other amounts payable under the laws of the jurisdiction in which it is registered, except for any failure which would not result in a Material Adverse Change.
Credit Parties and the US Owned Vessels less the aggregate of (i) the principal amount outstanding under the Cdn.
Vessels and (B) if a US Owned Vessel is sold, the aggregate principal amount of all outstanding US Term Loans shall not exceed 80% of the orderly liquidation value of the remaining US Owned Vessels.

More Definitions of Owned Vessels

Owned Vessels means all the vessels that are owned by NM on the Closing Date;

Owned Vessels has the meaning specified in Section 4.26(a).

Owned Vessels means together the Venetico Vessel and the Markela Vessel and in the singular means either of them;

Owned Vessels shall have the meaning assigned to such term in Section 2.11.

Owned Vessels means collectively those of the Vessels which are owned by a Borrower and, in the singular, means any of them;

Owned Vessels means all the vessels that are owned by NM on the Closing Date; “Services” has the meaning set forth in the recitals to this Agreement;

Owned Vessels. Section 2.15(a) “Permitted Liens” Section 10.2(h) “Person” Section 10.2(d) “Personal Property” Section 2.14(c)