Quiet Enjoyment Letter means a letter agreement between the Agent (on behalf of the Finance Parties) and the relevant end-user of a Drilling Unit, to be entered into, if it is required by the relevant end-user pursuant to the relevant drilling contract, regulating the enforcement of a Mortgage on terms acceptable to the Agent (on behalf of the Finance Parties).
Quiet Enjoyment Letter means, in relation to the Vessel, a quiet enjoyment letter to be made between (A) the Owners, (B) the Charterers, and (C) the relevant Sub-Charterers, provided that:
Quiet Enjoyment Letter means, in relation to a Vessel, the quiet enjoyment letter relating thereto dated 17 September 2012 and issued by the Security Trustee in favour of the Charterers as referred to in Clause 11 of the relevant Charter;
Examples of Quiet Enjoyment Letter in a sentence
Each of the other Banks confirms that it has authorised and instructed the Security Trustee to execute and perform the Quiet Enjoyment Letter in respect of each Vessel.
The farm manager’s age lies mostly between 35 - 55 years, and the most frequent education level is the high school diploma.
During the Lease Period the Lessor shall not sell, transfer, assign or otherwise dispose of the legal title to, or beneficial interest in the Ship, or agree to do so, save as expressly contemplated by the provisions of this Lease, the Proceeds Deed and the Quiet Enjoyment Letter.
If Charterers do not revert within the said period then approval shall be deemed to have been given and Charterers are obliged to sign the Dee (s) of Covenant and accept the Quiet Enjoyment Letter as set out below.
A certified copy of each of the executed Enterprise Contract, the Enterprise consent letter, the Bank's letter of quiet enjoyment and the Lessor's Quiet Enjoyment Letter.
More Definitions of Quiet Enjoyment Letter
Quiet Enjoyment Letter means the quiet enjoyment letter to be entered into between the Owners, any Permitted Mortgagee and the Charterers, in a form acceptable to all parties and, in particular, containing language to the effect that the Permitted Mortgagee (i) (in the absence of any Termination Event) allows the Charterers unfettered use and quiet enjoyment without interruption of the Vessel in accordance with the terms and conditions of this Charter and (ii) acknowledges that the Charterers shall have the right to purchase the Vessel at the Purchase Option Price, the Purchase Obligation Price or the Termination Sum in accordance with the terms and conditions of this Charter.
Quiet Enjoyment Letter means, in relation to a Vessel, the quiet enjoyment letter relating thereto agreed between the Borrower and the Charterers, to be issued by the Agent in favour of the Charterers as referred to in Clause 11 of the relevant Charter in such form and substance as the Agent may require.
Quiet Enjoyment Letter means, in respect of a Ship, a letter by the Security Agent addressed to, and acknowledged by, the relevant Owner, Bareboat Charterer and Time Charterer of the Ship in an agreed form. Quotation Day means, in relation to any period for which an interest rate is to be determined, two Business Days before the first day of that period unless market practice differs in the Interbank Market for a currency, in which case the Quotation Day for that currency shall be determined by the Agent in accordance with market practice in the Interbank Market (and if quotations would normally be given by leading banks in the Interbank Market on more than one day, the Quotation Day will be the last of those days). Receiver means a receiver or a receiver and manager or an administrative receiver appointed in relation to the whole or any part of any Charged Property under any relevant Security Document. Reference Banks means, in relation to LIBOR, the principal London offices of DNB Bank ASA, Nordea Bank Norge ASA, Oversea-Chinese Banking Corporation Limited, Skandinaviska Enskilda Xxxxxx XX (publ) and Commonwealth Bank of Australia or such other banks as may be appointed by the Agent in consultation with the Borrower.
Quiet Enjoyment Letter means, in respect of a Ship where required by the terms of any Charter, a letter by the Security Agent (in a form approved by all the Lenders) addressed to, and acknowledged by, the relevant Owner and Charterer under such Charter of the Ship in an agreed form. Receiver means a receiver or a receiver and manager or an administrative receiver appointed in relation to the whole or any part of any Charged Property under any relevant Security Document. Reference Rate Supplement means a document which:
Quiet Enjoyment Letter mean (i) in relation to the Uisge Gorm Contract, the Uisge Gorm Quiet Enjoyment Letter, (ii) in relation to the Glas Dowr Contract, the Glas Dowr Quiet Enjoyment Letter, (iii) in relation to the Bleo Xxxx Contract, the Bleo Xxxx Quiet Enjoyment Letter, (iv) in relation to the Bluewater (Munin) Contract, the Bluewater (Munin) Quiet Enjoyment Letter, (v) in relation to the Haewene Brim Contract, the Haewene Brim Quiet Enjoyment Letter, and (vi) in relation to the Aoka Mizu Contract, the Aoka Mizu Quiet Enjoyment Letter;
Quiet Enjoyment Letter means the letter entered or (as the context may require) to be entered into between the Lessor (or, following a Standby Ship Disposition, the Standby Purchaser), the Lessee, the Bareboat Charterer, the Security Agent and the Time Charterer in the form attached as Appendix H to the Time Charter;