Shipyard definition

Shipyard means a facility capable of performing overhaul, repair, and maintenance work on covered vessels.

Shipyard means Daewoo Shipbuilding & Marine Engineering Co., Ltd.

Shipyard means any yard or dry dock (including the precincts thereof) in which ships or vessels are constructed, reconstructed, repaired, refitted or finished;

Examples of Shipyard in a sentence

• Under normal cir- cumstances, a Guarantee shall not be endorsed on any Obligation until we re- ceive satisfactory evidence that we hold a Mortgage in one or more Vessels or a Mortgage or other security inter- est in the Shipyard Project.

• During construction of a new Vessel or any Shipyard Project, a security interest may be perfected by a filing under the Uniform Commercial Code.

• We shall not issue a Letter Commitment for guaran- tees unless we find that the proposed project, regarding the Vessel(s) or Shipyard Project for which you seek Title XI financing or refinancing, will be economically sound.

• We may issue Guar- antees to finance a Shipyard Project at a General Shipyard Facility.

• In the event that on such date the payment of the full amount of the aggregate Actual Cost of all of the Vessels or Shipyard Project has not been made or the amounts with respect to such Actual Cost are not then due and payable, then we and the Obligor by written agreement shall extend the Termi- nation Date for such period as we and the Obligor shall determine is suffi- cient to allow for such contingencies.

More Definitions of Shipyard

Shipyard means the Builder’s shipyard at Papenburg, Germany;

Shipyard means, in relation to the Vessel, the Builders’ facilities where the Vessel is being built and which are located at Numakuma, Japan or Tadotsu, Japan, as the case may be.

Shipyard means the place or places stated in Box 5 where the Vessel will be assembled and/or constructed.

Shipyard means any floating or a land based facility comprising of all or any amongst the following as essential features, namely,- waterfront, turning basin, berthing and docking facility, slipways and ship lifts, and, located within the territories of India and undertaking construction, manufacture, reconstruction or repair of vessels in India.

Shipyard or “Hunters Point Shipyard” means all that real property situate in the City and County of San Francisco, State of California, described as follows:

Shipyard or "Shipbuilder" means TDI-Halter, Limited Partnership, a Louisiana limited partnership.

Shipyard means each, and “Shipyards” means every, Shipyard set forth on Annex A of this Agreement opposite such term.