Preferred Ship Mortgage definition

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 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 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.

• 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®.

• 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.

• Confirmation of Recording of Amendment to First Preferred Ship Mortgage of Intermac 600.

• Also on October 8, Díaz-Santiago and his wife expressly guaranteed MDS's compliance with the terms of the promissory note and Preferred Ship Mortgage by executing and sending to FirstBank a continuing letter of guaranty, jointly and severally binding themselves to the amount owed should the vessel owner, MDS, default.

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 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 in substantially the form of Exhibit E-3 as the same may be amended, modified or supplemented from time to time.

Preferred Ship Mortgage means the first preferred ship mortgage executed by HGI Lakeside, a Nevada corporation, with respect to the motor vessel Osceola.

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"),

Preferred Ship Mortgage means a Preferred Ship Mortgage substantially in the form of Exhibit H executed now or at any time hereafter by Borrower or a Subsidiary and delivered to Agent, as the same may be amended, supplemented or otherwise modified from time to time.

Preferred Ship Mortgage means that certain Preferred Ship Mortgage executed by SAExploration Seismic Services (US), LLC in favor of Lender of even date herewith. Schedule 1.1