Released Finance Documents definition

Released Finance Documents means the Original Collateral Mortgages, the Original Collateral Deeds of Covenants, the Original Collateral General Assignments and the Original Collateral Charterparty Assignments;

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Released Finance Documents means the Original Mortgages, the Original Deeds of Covenants and the Original Assignments.

Released Finance Documents means the Mortgage and Deed of Covenant in respect of the Ship, the General Assignment in respect of the Ship, all Account Pledges, the Master Agreement Assignment, any Charterparty Assignment and the Corporate Guarantee.

Examples of Released Finance Documents in a sentence

• With effect on and from the Effective Date, and without prejudice to the obligations of the Security Parties under the Amended and Restated Loan Agreement and the Continuing Finance Documents to which each is a party, all of which shall remain in full force and effect, the Creditor Parties hereby irrevocably and unconditionally release all the Security Interests created in their favour by the Subject Security Parties under the Released Finance Documents.

• The Security Trustee releases all Security Interests created in its favour by the Remaining Borrower, without warranty, representation, covenant or other recourse whatsoever, under the Released Finance Documents.

• Lender releases all Security created in its favour by the Existing Guarantor and the Existing Approved Commercial Manager under the Released Finance Documents.

• The Security Trustee irrevocably and unconditionally releases all Security Interests created in its favour by each Collateral Owner under the Released Finance Documents.

• The Security Trustee, without any warranty, representation, covenant or other recourse, reassigns to the Subject Security Parties, all rights and interests of every kind which the Security Trustee now has to, in or in connection with the Released Finance Documents.

• The Security Trustee hereby unconditionally and irrevocably releases the Borrower, the Owner and the Approved Manager from all their respective obligations and liabilities under the Loan Agreement and the Released Finance Documents which documents shall cease to have effect.

• The Security Trustee hereby unconditionally and irrevocably releases and discharges all Security Interests created in its favour by the Borrower, the Owner and the Approved Manager under the Loan Agreement and the Released Finance Documents and irrevocably releases and discharges all claims and demands it may have against the Borrower, the Owner and the Approved Manager under the Loan Agreement and the Released Finance Documents.

More Definitions of Released Finance Documents

Released Finance Documents means each of the Mortgage and the General Assignment in respect of the Released Ship;

Released Finance Documents means (a) the first preferred Marshall Islands Mortgage over the relevant Released Ship, (b) the General Assignment over the relevant Released Ship, (c) the Charterparty Assignment in relation to the relevant Released Ship, (d) the Manager’s Undertaking in relation to the relevant Released Ship, (e) the Agency and Trust Deed as it pertains to the Released Borrower owning such Released Ship and (f) the Accounts Pledges as they pertain to the Released Borrower owning such Released Ship;

Released Finance Documents means each of the Existing Membership Interests Pledges and each of the Existing Commercial Manager’s Undertakings.

Released Finance Documents means (a) the Released Guarantees and executed by the Collateral Owners in favour of the Security Trustee, (b) each Collateral Account Pledge executed by a Collateral Owner in favour of the Security Trustee in respect of its Collateral Operating Account and the Collateral Retention Account, (c) each Collateral Mortgage dated 25 June 2015 and executed by a Collateral Owner in favour of the Security Trustee in respect of the Collateral Ship owned by that Collateral Owner, (d) each General Assignment dated 25 June 2015 and executed by a Collateral Owner in favour of the Security Trustee in respect of (inter alia) the Earnings, Insurances and any Requisition Compensation of the Collateral ship owned by that Collateral Owner, (e) the Collateral Charterparty Assignment dated 30 June 2015 and executed by Triton in favour of the Security Trustee and (f) the Collateral Charterparty Assignment dated 10 July 2015 executed by Rosetta in favour of the Security Trustee.

Released Finance Documents means the Released Earnings Account Pledge, the Released Mortgage, the Released Negative Pledge, the Released General Assignment and the Released Approved Manager’s Undertaking;