Ship E definition
Examples of Ship E in a sentence
At the date of this Agreement (or on the Drawdown Date in relation to Ship C, Ship D and Ship E if appropriate), the Borrowers are in compliance with Clauses 11.2, 11.4, 11.9 and 11.13.
Each Borrower also undertakes with each Creditor Party to comply with the following provisions of this Clause 13 at all times during the Security Period in relation to the Ship owned by it (after that Ship has been delivered to it under the relevant MOA in the case of Ship C, Ship D and Ship E) except as the Agent, with the authorisation of the Majority Lenders, may otherwise permit.
The undertakings in this Clause 23 (Ship Undertakings) remain in force on and from, in relation to Ship A, Ship B, Ship C, Ship D, Ship E and Ship F, the date of this Agreement and, in relation to Ship G, the Delivery Date and throughout the rest of the Security Period except as the Lender may otherwise permit.
For the Third Quarter Date 2011 “Ship” shall include Ship A, Ship B, Ship C, Ship D and Ship E.
It shall keep the Ship owned by it registered in its name as a Bahamas ship flagged at the port of Nassau in the case of Ship A and Ship B and as a St. Xxxxxxx and Grenadines ship in the case of Ship C, Ship D and Ship E; it shall not do or allow to be done anything as a result of which such registration might be cancelled or imperilled; and it shall not change the name or port of registry of the Ship owned by it.