Time Charter Assignment means, in relation to a Ship, an assignment of the Time Charter for such Ship, in the form set out in Appendix K;
Time Charter Assignment means a deed creating security in respect of a time or consecutive voyage charter in respect of the Ship (including any guarantee in respect of the obligations of the charterer under the charter) executed or to be executed by the Borrower in favour of the Agent, the SACE Agent and the Lenders in the agreed form pursuant to Clause 13.12;
Time Charter Assignment has the meaning given in Clause 3.5. “Total Loss” means: (a) actual, constructive, compromised, agreed or arranged total loss of the Vessel; (b) requisition for title or other compulsory acquisition of the Vessel otherwise than by requisition for hire; (c) capture, seizure, arrest, detention, or confiscation of the Vessel by any person, governmental authority or government or by persons acting or purporting to act on behalf of any government or any other person which deprives the Buyer of the use of the Vessel for 90 days or more after that occurrence; and (d) requisition for hire of the Vessel by any government or by persons acting or purporting to act on behalf of any government which deprives the Buyer of the use of the Vessel for a period of 90 days or more. “Transaction Documents” means the Contract, this Agreement, the Second Security, the Promissory Notes, the Letter of Guarantee, the Time Charter Assignment and the Intercreditor Deed.
Examples of Time Charter Assignment in a sentence
Each Borrower undertakes with each Creditor Party to ensure that, subject only to the provisions of the relevant Time Charter Assignment or the relevant Earnings Assignment, all Earnings of the Ship owned by it are paid to the relevant Earnings Account.
More Definitions of Time Charter Assignment
Time Charter Assignment means, in relation to a Time Charter, an assignment of the rights of the Borrower thereunder and any guarantee given pursuant to the Time Charter (including, without limitation, the Charter Guarantee) in such form as the Lender may approve or require;
Time Charter Assignment has the meaning given in Clause 4.5
Time Charter Assignment has the meaning given in Clause 4.5 “Total Loss” means: (a) actual, constructive, compromised, agreed or arranged total loss of the Vessel; (b) requisition for title or other compulsory acquisition of the Vessel otherwise than by requisition for hire; (c) capture, seizure, arrest, detention, or confiscation of the Vessel by any person, governmental authority or government or by persons acting or purporting to act on behalf of any government or any other person which deprives the Buyer of the use of the Vessel for 90 days or more after that occurrence; and (d) requisition for hire of the Vessel by any government or by persons acting or purporting to act on behalf of any government which deprives the Buyer of the use of the Vessel for a period of 90 days or more.
Time Charter Assignment means, in relation to each of NORDIC ODIN, NORDIC OLYMPIC and NORDIC OSHIMA, an assignment of the Time Charter for such Ship, in the form set out in Appendix M;
Time Charter Assignment means, in relation to a Ship, (i) an assignment of the Time Charter for such Ship or (ii) in the case of a Ship that is subject to a Time Charter and Service Contract with Petrobras, a pledge of the respective contract rights of the relevant Bareboat Charterer and Approved Manager in respect of such Time Charter and Service Contract in Agreed Form.
Time Charter Assignment means each assignment of the Time Charter relating to a Vessel, executed or to be executed by the relevant Borrower relating to that vessel in favour of the Security Agent in the form set out in Schedule 14 (Form of Time Charter Assignment) and collectively the “Time Charter Assignments”. “Time Charterer” means CMA CGM S.A., or any other entity approved by the Agent (acting on the instructions of the Majority Lenders) as a time charterer. “Total Adjusted Assets” has the meaning given to it in Clause 21 (Financial covenants). “Total Commitments” means the aggregate of the Commitments being US$203,400,000 at the date of this Agreement. “Total Loss” means, in relation to each Vessel: (a) the actual, constructive, compromised, agreed or arranged total loss of that Vessel; or (b) the Compulsory Acquisition of that Vessel; or (c) the hijacking, theft, condemnation, capture, seizure, arrest, detention or confiscation of that Vessel (other than where the same amounts to Compulsory Acquisition of that Vessel) which deprives the relevant Borrower of the use of such Vessel for 30 consecutive days; “Total Loss Date” means, in relation to each Vessel: 21
Time Charter Assignment means, in relation to each Time Charter, an assignment of the relevant Owner’s rights under such Time Charter, to be executed in favour of the Security Trustee in such form as the Co-Arrangers may approve or reasonably require;