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.
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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.
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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.
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Examples of Title XI Debt in a sentence

  • The Sellers have 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.

  • It is home to a complex ecosystem supporting a number of endangered species.

  • Title XI Debt, (ii) financings to build, modify and/or acquire Vessel(s) secured by such Vessel(s) (other than Vessel(s) constituting Collateral) and (iii) for the avoidance of doubt, any Debt between or among the Borrower and its Subsidiaries.

  • 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.

  • 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 the Purchaser.

  • The Title XI Debt shall have been restructured to the satisfaction of the Purchaser.

  • 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.


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.
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Title XI Debt means the outstanding MARAD Title XI debt in respect of the American Queen as described on SCHEDULE 2.3.
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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.
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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;
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Title XI Debt means the short and long term debt guaranteed by the
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Related to Title XI Debt

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

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • Closing Indebtedness means the Indebtedness of the Company immediately prior to the Closing. For the avoidance of doubt, Closing Indebtedness will be determined without giving effect to the transactions contemplated hereby.

  • Acquisition Indebtedness any Indebtedness of the Company or any of its Subsidiaries that has been issued 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 Company, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds thereof to the Company and 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 Company and 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).