Relevant Ship definition

Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

Relevant Ship has the meaning set out in Clause III(B).

Relevant Ship means, in relation to an Acquisition Advance, the Ship which is to be part-financed by that Advance.

Examples of Relevant Ship in a sentence

• Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the Mortgagee.

• Such valuation shall be made without, unless required by the Mortgagee, physical inspection, and on the basis of a sale for prompt delivery for cash at arm's length, on normal commercial terms as between a willing buyer and a willing seller and without taking into account the benefit of any charterparty or other employment of such Relevant Ship.

• The Charter Guarantor undertakes to the Mortgagee to supply to the Mortgagee and to any such shipbroker such information concerning any Relevant Ship and its condition as such shipbrokers may reasonably require for the purpose of making any such valuation.

• The Guarantor undertakes to the Beneficiary to supply to the Beneficiary and to any such shipbroker such information concerning any Relevant Ship and its condition as such shipbrokers may reasonably require for the purpose of making any such valuation.

• Each such valuation of a Relevant Ship shall be made by an independent firm of shipbrokers appointed by the Beneficiary.

More Definitions of Relevant Ship

Relevant Ship means the New Ship to which the Existing Ship Tranche that is the subject of the Utilisation Request relates;

Relevant Ship means the motor vessel listed in schedule 3 (being one (1) of the Ships referred to in the Principal Agreement).

Relevant Ship means the Ship which is to be acquired by using the proceeds of the Tranche being advanced on the relevant Drawdown Date.

Relevant Ship means the Ship which is to be financed by using the proceeds of the Loan being drawn on the Drawdown Date.

Relevant Ship means all Fleet Vessels, (including without limitation the Ship), and any other ship from time to time owned, managed or crewed by, or demise or bareboat chartered to the Borrower, the Manager or any other member of the Group;

Relevant Ship means the Ship which is relevant to the Advance being borrowed on the relevant Drawdown Date.

Relevant Ship means, in relation to each Advance under Tranche B, the Additional Ship in respect of such Advance.