Owned Vessels definition

Owned Vessels shall have the meaning ascribed to such term in Section 3.1(pp).

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Owned Vessels means the Vessels referred to in Schedule 2 Part A;

Owned Vessels has the meaning set forth in Section 5.15(a) below.

Examples of Owned Vessels in a sentence

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.
Credit Parties and the US Owned Vessels less the aggregate of (i) the principal amount outstanding under the Cdn.
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 (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.
The Company and each of its Subsidiaries are qualified to own and operate the Company Owned Vessels under applicable Laws in all material respects, including the Laws of each Company Owned Vessel’s flag state.

More Definitions of Owned Vessels

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

Owned Vessels means the Vessels except for the S&L Vessels.

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

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

Owned Vessels means the vessels and barges owned by Seller and identified on Schedule 1.1-OV.

Owned Vessels means Lady of ▇▇▇▇, ▇▇▇-my-Chree and ▇▇▇▇▇▇ Danmark; "the Pension Schemes" means the Steam Packet Scheme, the MNOPF, the MNRPP, the Sea Containers 1983 Scheme and the Sea Containers 1990 Scheme (or such one or more of them as the context requires);

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