Relevant Ships definition

Relevant Ships means any or all of them, as the context may require;
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Relevant Ships means m.v. “ENERGY 1”, m.v. “MSC OSLO” and m.t. “ARIUS” or where the context so requires or permits, means any or all of them;
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Relevant Ships has the meaning given such term in the definition of “Total Market Value Adjusted Assets” in Clause 1.2;
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Examples of Relevant Ships in a sentence

  • The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

  • All costs in connection with the Mortgagee obtaining any valuation of each of the Relevant Ships referred to in clause 7.3.1 shall be borne by the Owner.

  • Each of the Relevant Ships shall, for the purposes of this clause 7, be valued in Dollars as and when the Mortgagee shall require.

  • All costs in connection with the Beneficiary obtaining any valuation of each of the Relevant Ships referred to in paragraph 10.3.1 of this Guarantee shall be borne by the Guarantor.

  • The value of each of the Relevant Ships determined in accordance with the provisions of this paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

  • Each of the Relevant Ships shall, for the purposes of this paragraph 10, be valued in United States Dollars as and when the Beneficiary shall require.

  • Each of the Relevant Ships shall, for the purposes of this paragraph [10], be valued in United States Dollars as and when the Beneficiary shall require.

  • The reduction of the Loan shall be achieved by the Borrower procuring the sale of the Relevant Ships and other Ships by the Relevant Owners and other Owners and the application of the entire sale proceeds of the Relevant Ships and other Ships in prepayment of the Loan.

  • Each of the Relevant Ships shall, for the purposes of this paragraph [101 be valued in United States Dollars as and when the Beneficiary shall require.


More Definitions of Relevant Ships

Relevant Ships means, together, the-Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned (directly or indirectly) by, or chartered to, any Security Party or HoldCo and “Relevant Ship” means any of them;
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Related to Relevant Ships

  • 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;

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Relevant Authorities means any governmental or statutory authority with the

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Vessels shall have the meaning set forth in the recitals.

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • existing vessel means a vessel that is not a new fishing vessel.

  • relevant system means a relevant system for the holding and transfer of shares in uncertificated form;

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • Ships means any or all of them;

  • relevant scheme means a scheme of financial assistance provided under—

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;