Title XI Debt definition

Title XI Debt means all Debt of the Borrower or any Subsidiary that is guaranteed by the United States pursuant to 46 USC Chapter 537.
Title XI Debt means the short and long term debt Guaranteed by the U.S. Government under Title XX xx xxx Xxxxxxxx Xxxxxx Xxx, 0000 used to finance the Borrower’s construction and acquisition of the vessel now known as the Q4000.
Title XI Debt means all Debt of the Company or Matson Navigation or any Subsidiary that is guaranteed by the United States of America pursuant to 46 USC Chapter 537.

Examples of Title XI Debt in a sentence

  • Upon the Closing and transfer to the Purchaser of the Acquired Assets, the Purchaser shall receive good and marketable title to, or a valid leasehold interest in, all of the Acquired Assets free and clear of any and all Liens, except for Liens related to the Title XI Debt and the Lien of Taxes not yet due and payable.

  • Purchaser's assumption of the Title XI Debt shall be on terms to be negotiated between Purchaser and MARAD.

  • The documents evidencing the assumption of the Title XI Debt shall have been executed in form and substance satisfactory to Purchaser.

  • In addition, Borrower acknowledges, confirms and agrees that the failure to make any payment, when due, in respect of the MARAD Title XI Debt shall constitute an Event of Default.

  • The delivery to the Purchaser of the instruments of transfer of ownership of the Vessels contemplated by Section 4.6(c) will vest good, marketable and exclusive title to the Vessels in the Purchaser, free and clear of any and all Liens, except for Liens related to the Title XI Debt and the Lien of Taxes not yet due and payable.

  • Borrower covenants that as of the date hereof Borrower has made that portion of the March, 2002 Bond Payment required to be paid pursuant to Borrower's agreement with the trustee of the MARAD Title XI Debt and agrees to provide to Lender evidence of such payment within three (3) days of the date hereof.

  • The documents evidencing the assumption of the Title XI Debt by the Purchaser shall have been executed in form and substance satisfactory to MARAD and the Indenture Trustee, and the Sellers and their Affiliates shall have been fully released from any and all Liability with respect to the Title XI Debt.

  • The documents evidencing the assumption of the Title XI Debt shall have been executed in form and substance satisfactory to MARAD and the Indenture Trustee.

  • The documents evidencing the assumption of the Title XI Debt shall have been executed in form and substance satisfactory to the Purchaser.

  • The aggregate principal amount of the Title XI Debt shall not exceed $35,463,906, excluding interest accruals.


More Definitions of Title XI Debt

Title XI Debt means all Debt of the Borrower or any Subsidiary that is guaranteed by the United States pursuant to 46 USC Chapter 537. “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations.
Title XI Debt means the outstanding MARAD Title XI debt in respect of the American Queen as described on SCHEDULE 2.3.
Title XI Debt means the short and long term debt guaranteed by the
Title XI Debt means the United States Government Guaranteed Ship Financing Bonds ("Title XI Bonds") issued pursuant to Title XI of the Merchant Marine Act of 1936, as amended, which consist of approximately Four Million Three Hundred Thousand Dollars ($4,300,000) in eight and one half percent (8.5%) Title XI Bonds due 1999 relating to M/V SEABULK CHALLENGER and approximately Ten Million Six Hundred Thousand Dollars ($10,600,000) in five and one quarter percent (5.25%) Title XI Bonds due 2000 relating to M/V SEABULK MAGNACHEM and five series of Title XI Bonds due 2006 totalling approximately Thirty Four Million Seven Hundred Thousand Dollars ($34,700,000) and bearing interest at an average rate of seven point sixty five percent (7.65%) relating to HMI PETROCHEM and HMI DYNACHEM.
Title XI Debt means the short and long term debt guaranteed by the U.S. Government under Title XI of the Merchant Marine Act, 1936 used to finance the Borrower's construction and acquisition of the vessel now known as the Q4000.
Title XI Debt means any United States Government Guaranteed Ship Financing Obligations issued pursuant to Title XX xx xxx Xxxxxxxx Xxxxxx Xxx, 0000, as amended (46 App. U.S.C. 1273) by any Subsidiary that is non-recourse to the Borrower;

Related to Title XI Debt

  • Title XVIII means title XVIII of the social security act, 42 USC 1395 to 1395lll.

  • Title XIX means title XIX of the social security act, 42 USC 1396

  • Assumed Debt has the meaning set forth in Section 2.2.

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Assumed Indebtedness means Indebtedness of a Person which is (a) in existence at the time such Person becomes a Restricted Subsidiary of the Borrower or (b) is assumed in connection with an Investment in or acquisition of such Person, and has not been incurred or created by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Borrower.

  • Related Real Estate Documents with respect to any Real Estate subject to a Mortgage, the following, in form and substance satisfactory to Agent and received by Agent for review at least 10 days prior to the effective date of the Mortgage: (a) a mortgagee title policy (or binder therefor) covering Agent’s interest under the Mortgage, in a form and amount and by an insurer acceptable to Agent, which must be fully paid on such effective date; (b) such assignments of leases, estoppel letters, attornment agreements, consents, waivers and releases as Agent may require with respect to other Persons having an interest in the Real Estate; (c) a current, as-built survey of the Real Estate, containing a metes-and-bounds property description and flood plain certification, and certified by a licensed surveyor acceptable to Agent; (d) flood insurance in an amount, with endorsements and by an insurer acceptable to Agent, if the Real Estate is within a flood plain; (e) a current appraisal of the Real Estate, prepared by an appraiser acceptable to Agent, and in form and substance satisfactory to Required Lenders; (f) an environmental assessment, prepared by environmental engineers acceptable to Agent, and accompanied by such reports, certificates, studies or data as Agent may reasonably require, which shall all be in form and substance satisfactory to Required Lenders; and (g) an Environmental Agreement and such other documents, instruments or agreements as Agent may reasonably require with respect to any environmental risks regarding the Real Estate.

  • Title IX means 20 U.S.C. §§ 1681-1688 and the implementing regulations.

  • Closing Debt means the aggregate principal amount of, and accrued interest on, all Debt of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Acquisition Debt means any Indebtedness incurred by the Borrower or any of its Subsidiaries for the purpose of financing, in whole or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of the Borrower, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds of such Indebtedness to the Borrower and/or its Subsidiaries is contingent upon the consummation of such Material Acquisition and, pending such release, such proceeds are held in escrow (and, if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of the Borrower and/or its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be).

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Closing Date Indebtedness means the aggregate amount of Indebtedness of the Company as of immediately prior to the Closing.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Closing Indebtedness means the aggregate amount of all Indebtedness of the Company and its Subsidiaries as of immediately prior, and without giving effect to, the Closing.

  • Permitted Existing Indebtedness means the Indebtedness of the Company and its Subsidiaries identified as such on Schedule 1.1.1 to this Agreement.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Real Property Documents means any material contract or agreement constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Permitted Existing Liens means the Liens on assets of the Company and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Wholesale acquisition cost means the same as that term is defined in 42 U.S.C. Sec. 1395w-3a.

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Acquisition Indebtedness means any Indebtedness of the Loan Parties that has been issued for the purpose of financing, in part, the acquisition of an Acquired Entity or Business.