Preferred Ship Mortgage definition

Preferred Ship Mortgage means a Preferred Ship Mortgage, in form and substance satisfactory to Agent, executed by a Company on or after the Closing Date with respect to a Documented Vessel, as the same may from time to time be amended, restated or otherwise modified.

Preferred Ship Mortgage means that certain Preferred Ship Mortgage executed by SAExploration Seismic Services (US), LLC in favor of Collateral Trustee, dated as of even date hereof, as amended, restated, modified and/or supplemented in accordance with the provisions hereof.

Preferred Ship Mortgage means the preferred ship mortgage executed and delivered by Kansas City in the form of EXHIBIT O to the Predecessor Loan Agreement, either as originally executed or as it may from time to time be supplemented, modified, amended, extended or supplanted.

Examples of Preferred Ship Mortgage in a sentence

• Information concerning the security interest created by this instrument may be obtained from the Borrower or the Government, at the addresses sent out in the first paragraph of this Preferred Ship Mortgage.

• Dolan was the boat’s title owner.On July 13, 2006, Dolan signed a Preferred Ship Mortgage offered by Regions.

• Based upon the foregoing, the Court finds it proper to impose a tort duty on ABD owed to Wells Fargo to exercise reasonable care when providing documentation services in the Cribb transaction, which includes a duty to exercise reasonable care in recording the First Preferred Ship Mortgage and any other documents necessary to perfect any interest held by Wells Fargo in the Faithful.

• Loans Secured by Ship Mortgages In conjunction with ACG’s acquisition of American West, the Company assumed $41.5 million in fixed-rate, 4.63% debt payable through 2028 and guaranteed by the United States Government through MARAD under Title XI, Merchant Marine Act, 1936, as amended, and was secured by a First Preferred Ship Mortgage on the Empress of the North.

• In conjunction with ACG’s acquisition of the cruise-related assets of Delta Queen, the Company assumed $35.0 million of fixed-rate, 6.5% debt payable through 2020 and guaranteed by MARAD under Title XI, Merchant Marine Act, 1936, as amended, and secured by a First Preferred Ship Mortgage on the American Queen®.

More Definitions of Preferred Ship Mortgage

Preferred Ship Mortgage means the preferred ship mortgage on the Tunica Vessel, dated as of the Issue Date, by and between Barden Mississippi Gaming, LLC and the Trustee.

Preferred Ship Mortgage means a document in a form to be properly recorded with the United States Coast Guard, National Vessel Documentation Center, with respect to the PECOS HORIZON, which when recorded shall provide the Lender with a second lien against the Vessel and substantially in the form attached hereto as Exhibit “B”.

Preferred Ship Mortgage means the preferred ship mortgage on the Tunica Vessel, dated as of the Issue Date, by and between Barden Mississippi Gaming, LLC and the Trustee. "Pre-Opening Xxxxxses" means all costs of start-up activities that are required to be expensed (and are not capitalized) in accordance with SOP 98-5.

Preferred Ship Mortgage means a United States first preferred ship mortgage executed by each Borrower which owns any of the Rigs in favor of the Administrative Agent with respect to each of the Rigs and dated on or about the date hereof, in substantially the form of EXHIBIT "J" hereto, as the same may be amended, supplemented, or modified from time to time.

Preferred Ship Mortgage means the Preferred Ship Mortgage on the Vessel recorded in accordance with the laws of the Republic of Vanuatu.

Preferred Ship Mortgage means that certain First Preferred Ship Mortgage dated December 20, 2000, by Borrower in favor of Lender encumbering the Vessel, to be recorded in the Office of the Deputy Commissioner of Maritime Affairs of the Republic of Vanuatu, as amended, supplemented and modified from time to time in accordance with the terms thereof.

Preferred Ship Mortgage. THIS MORTGAGE, dated the 27th day of September, 1994, by Xxxxxx Protein (USA), Inc., P. O. Box 2868, Hammond, Louisiana, 70404, owning 100%, (herein, the "BORROWER") to the United States of America, acting by and through the Secretary of Commerce, NOAA, National Marine Fisheries Service, Financial Services, Southeastern Branch, 0000 Xxxxxxxxx Xxxxxx Xxxxx Xxxxx, Xx. Xxxxxxxxxx, Xxxxxxx 00000 (herein, the "GOVERNMENT"),