Total Loss Repayment Date definition

Total Loss Repayment Date means, where a Mortgaged Ship has become a Total Loss, the earlier of:
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Total Loss Repayment Date means, where a Ship has become a Total Loss, the earlier of:
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Total Loss Repayment Date means, where a Mortgaged Ship has become a Total Loss after its Delivery, the earlier of:
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Examples of Total Loss Repayment Date in a sentence

  • On the Total Loss Repayment Date, the Borrowers shall prepay the Loan relative to such Ship which has become a Total Loss and shall ensure that the Minimum Value is maintained.

  • Ship Loan - Total Loss: if a Mortgaged Ship becomes a Total Loss, then on the Total Loss Repayment Date for such Mortgaged Ship, the Borrowers shall prepay the amount of the relevant Ship Loan outstanding for such Mortgaged Ship together with accrued interest if any.

  • If the Alpha Ship becomes a Total Loss (as defined in the Alpha Facility Agreement), the Borrower or the Parent shall procure that on the Total Loss Repayment Date (as defined in the Alpha Facility Agreement) the net total loss proceeds remaining following the prepayment in full of the sums owing under the Alpha Facility Agreement are applied (and the payment of any reasonable expenses as may be approved) in part prepayment of the Loan.

  • On the Total Loss Repayment Date, the Borrowers shall prepay the Ship Commitment for such Ship which has become a Total Loss and shall ensure that the Minimum Value is maintained.

  • If the Beta Ship becomes a Total Loss (as defined in the Beta Facility Agreement), the Borrower or the Parent shall procure that on the Total Loss Repayment Date (as defined in the Beta Facility Agreement) the net total loss proceeds remaining following the prepayment in full of the sums owing under the Beta Facility Agreement are applied (and the payment of any reasonable expenses as may be approved) in part prepayment of the Loan.


More Definitions of Total Loss Repayment Date

Total Loss Repayment Date means the settlement date for the Total Loss Event pursuant to Clause 10.5 (Mandatory redemption upon a Total Loss Event).
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Total Loss Repayment Date means the date set out in a notice from the Issuer to the Bondholders pursuant to Clause 10.5 (Mandatory early redemption due to a Total Loss Event).
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Total Loss Repayment Date means where the Lampung FSRU has become a Total Loss the earlier of:
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Total Loss Repayment Date means where the Vessel or, as the case may be, the Mooring has become a Total Loss the earlier of:
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Total Loss Repayment Date means, in relation to a Ship, the date which is the earlier of:
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Total Loss Repayment Date means the date which is the earlier of:
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Total Loss Repayment Date means, where a Collateral Rig has become a Total Loss, the earlier of:
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