Purchased Vessel definition

Purchased Vessel is defined in the preamble.

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Purchased Vessel means the passenger cruise vessel bearing Builder’s hull number A34 constructed or to be constructed pursuant to the Construction Contract.

Purchased Vessel is defined in the first recital.

Examples of Purchased Vessel in a sentence

The Purchased Vessel is sold to a company which is not the Borrower or any other Subsidiary of the Borrower (other than for the purpose of a lease back to the Borrower or any other Subsidiary of the Borrower).
The Purchased Vessel shall be condemned or otherwise taken under colour of law or requisitioned and the same shall continue unremedied for at least 20 days, unless such condemnation or other taking would not have a Material Adverse Effect.
If the Construction Contract is terminated in accordance with its terms or by other lawful means prior to delivery of the Purchased Vessel and the parties thereto do not reach an agreement to reinstate the Construction Contract within 30 days after such termination.
In the event that no agreement is reached and the delivery of the Purchased Vessel does not occur on or before 9 February 2026, the proceeds in the Pledged Accounts shall be applied as a prepayment against the Loan in accordance with Section 9.2.
In the event that no agreement is reached and the delivery of the Purchased Vessel does not occur on or before 8 March 2027, the proceeds in the Pledged Accounts shall be applied as a prepayment against the Loan in accordance with Section 9.2.
Each Lender's Commitment shall terminate on the earlier of (i) the Commitment Termination Date if the Purchased Vessel is not delivered to the Borrower prior to such date and (ii) the Actual Delivery Date.

More Definitions of Purchased Vessel

Purchased Vessel is defined in the third recital.

Purchased Vessel means the passenger cruise vessel bearing Builder’s hull number S-691;

Purchased Vessel is defined in the fourth recital.

Purchased Vessel is defined in the preamble. "Recovered Amount" is defined in Section 4.10.1. "Recovering Lender" is defined Section 4.10.1. "Redistributed Amount" is defined Section 4.10.4.

Purchased Vessel is defined in the preamble.“Quarterly Payment Date” means the last day of each of March, June, September and December or, if any such day is not a Business Day, the next succeeding Business Day.

Purchased Vessel means a dry bulk vessel which is to become a Fleet Vessel to be purchased by the Guarantor or a Subsidiary on the terms of an MOA and, upon completion of the sale, to be registered in the ownership of the Guarantor or a Subsidiary and “Purchased Vessels” means more than one of them.