Vessel Financing definition

Vessel Financing means (i) the financing described on Schedule 1.01(d) and (ii) any other incurrence of Indebtedness (or guarantees thereof) by Holdings or any Excluded Vessel Subsidiary in connection with the acquisition, construction, improvement, ownership, operation, replacement or repair of any marine vessel in a single transaction or series of transactions.
Sample 1Sample 2Sample 3
Vessel Financing means a maximum amount of EUR 48,000,000 of third party interest bearing debt of the Group solely used to, together with the funds in the Vessel Funding Account, finance the purchase of the New Vessels.
Sample 1Sample 2Sample 3
Vessel Financing is defined in Section 6.01.
Sample 1

Examples of Vessel Financing in a sentence

  • The Company has delivered or Made Available to each Purchaser (i) a copy of the "Global Ship Lease GSL Vessel Financing" presentation, dated May, 2022, (ii) access to an Intralinks VDR marketing dataroom opened by the Sole Structuring Agent and (iii) a copy of the "Global Ship Lease GSL Vessel Financing – Addendum dated May 18, 2022 (together, the "Memorandum"), relating to the transactions contemplated hereby.

  • These vessels continue to be recognized on the Company's consolidated balance sheet as Property, plant and equipment, and the Company has recognized the proceeds received from this failed sale leaseback financing as debt ("Vessel Financing Obligation").

  • The Borrower may at any time elect to terminate the financing arrangements provided for in this Agreement and the other Credit Documents with respect to either of the Drillship or the Rig for any reason whatsoever (a "Vessel Financing Termination").

  • The Company’s construction in progress activity during the nine months ended September 30, 2022 is detailed below: Interest expense of $56,778 and $18,924, inclusive of amortized debt issuance costs and non-cash interest and financing costs associated with the Vessel Financing Transaction, was capitalized for the nine months ended September 30, 2022 and 2021, respectively.

  • Obligation under Vessel Financing Transaction In connection with the Vessel Financing Transaction (see discussion in Note 5), the Company entered into long-term time charter agreements for certain vessels.

  • For so long as any Subject Vessel Financing Facility remains outstanding, the covenant contained in the preceding sentence shall be deemed not to have been breached at any time unless the Financial Covenant Breach Condition has been fulfilled.

  • Coastal and Inland Shipping (Cabotage) Act (No. 5 of 2003)An Act to restrict the use of Foreign Vessels in Domestic Coastal Trade to promote the development of Indigenous Tonnage and to establish a Cabotage Vessel Financing Fund and for Related Matters.

  • Except where such representation or warranty is made expressly as of a particular date, each of the representations and warranties (a) made by the Company and its Subsidiaries to the Agent and the Banks in the Syndicated Facility Documents and Vessel Financing Documents, and (b) each of the representations and warranties made by the Company in the Subordinated Notes Indenture is true and correct.

  • The Company agrees to provide the Collateral Agent with thirty (30) days prior written notice if any of the Liens granted pursuant to the Vessel Financing Documents are to be discharged and, if so requested by the Collateral Agent, the Company agrees to permit the Collateral Agent to file a Lien against the applicable vessel or vessels in form and substance reasonably satisfactory to it.

  • Due to the Vessel Financing Transaction, such uncertain tax liabilities are no longer recognized on the Company’s condensed consolidated balance sheet.


More Definitions of Vessel Financing

Vessel Financing means any financing obtained by any Financing Subsidiary from a governmental or quasi-governmental entity to acquire liftboats and other marine equipment (including related supplies); provided that:
Sample 1

Related to Vessel Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Additional Financing has the meaning set forth in Section 16.3(a).

  • New Financing has the meaning specified in Section 2.04(a).

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Bridge means a structure including supports erected over a depression or an obstruction, such as water, a highway, or a railway, for the purposes of carrying traffic or other moving loads, and having an opening measuring along the center of the roadway of more than 20 feet between undercopings of abutments or spring lines of arches, or extreme ends of openings for multiple boxes where the clear distance between openings is less than 1/2 of the smaller contiguous opening.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Bridge Financing means interim financing to cover Eligible Project Costs until DWSRF financing for the project is received from the State Water Board.

  • Exit Financing means the financing under the Exit Facility.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Financing Subsidiary means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.

  • Securities Financing Transactions means collectively securities lending transactions, sale and repurchase transactions and reverse repurchase transactions.

  • Financings has the meaning ascribed to it in the preamble.

  • Original Financing Agreement means the development credit agreement for a Social Investment Program Project between the Recipient and the Association, dated April 7, 2003, as amended to the date of this Agreement (Credit No. 3740-BD).

  • Financial Closure or Project Financing Arrangements means the agreements pursuant to which the SPG has sought financing for the Power Project including the loan agreements, security documents, notes, indentures, security agreements, letters of credit and other documents, as may be amended, modified, or replaced from time to time, but without in anyway increasing the liabilities of JDVVNL.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith in consultation with the Administrative Agent) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary)).

  • Co-financing Agreement means the agreement to be entered into between the Recipient and the Co-financier providing for the Co-financing.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Financing has the meaning set forth in Section 5.7.