Vessel Fleet Mortgage definition

Vessel Fleet Mortgage shall have the meaning set forth in the Security Agreement.
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Vessel Fleet Mortgage means the mortgage or other security document granting a Lien on a Vessel owned and registered in the name of a Grantor. The Vessel Fleet Mortgage shall be substantially in the form attached hereto as Exhibit E.
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Vessel Fleet Mortgage means the ship mortgage or other security document granting a Lien on a Mortgaged Vessel to secure the Credit Party Obligations. The Vessel Fleet Mortgage shall be substantially in the form attached hereto as Exhibit 1.1(k).
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Examples of Vessel Fleet Mortgage in a sentence

  • In the event of any conflict between any one or more provisions in this Agreement and one or more provisions in a Vessel Fleet Mortgage, such provisions of this Agreement shall control.

  • Promptly after the Closing Date, Agent shall have received a Coast Guard form CG-1330, Certificate of Ownership, covering the Vessels subject to the Vessel Fleet Mortgages, evidencing recordation of the Vessel Fleet Mortgage in favor of Agent and copies of each Vessel Fleet Mortgage certified by the U.S. Coast Guard National Vessel Documentation Center.

  • The Lenders hereby authorize the Administrative Agent, at the sole cost and expenses of the Borrower, to release any such Guarantor or Lien and to enter into any documentation (including, without limitation, any amendment to the Vessel Fleet Mortgage) as may be necessary or desirable to effectuate such release.

  • The Loan Parties shall maintain the insurance required to be maintained under the Vessel Fleet Mortgage.

  • The Lenders hereby authorize the Administrative Agent, at the sole cost and expenses of the Borrower, (a) to release any such Guarantor or Lien and to enter into any documentation (including, without limitation, any amendment to the Vessel Fleet Mortgage) as may be necessary or desirable to effectuate such release and (b) to enter into any amendment to the Vessel Fleet Mortgage and related documentation as may be necessary or desirable to secure any Bank Product or Incremental Facility.

  • Without limiting the foregoing, the Credit Parties hereby agree that upon entering any Bank Product after the Closing Date or exercising any right to incur any Incremental Facility, they will execute, deliver and cause to be recorded an amendment to the Vessel Fleet Mortgage required by Section 2.5 or as otherwise reasonably requested by the Administrative Agent.


More Definitions of Vessel Fleet Mortgage

Vessel Fleet Mortgage. First Preferred Fleet Mortgage, dated as of the date hereof, by the Loan Party party thereto in favor of the Ship Mortgage Trustee covering the Vessels specified therein.
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Related to Vessel Fleet Mortgage

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

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

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Mortgage Amendments as defined in Section 6.11(a).

  • Owner Mortgage Loan File A file maintained by the Custodian for each Mortgage Loan that contains the documents specified in Section 2.01(a) and any additional documents required to be added to the Owner Mortgage Loan File pursuant to this Agreement.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

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

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Mortgage Sale Agreement means the mortgage sale agreement dated 3 June 2005 as amended and restated on 4 October 2007, 20 May 2008, 23 June 2014, 24 April 2018, 18 April 2020, 16 June 2020 and as further amended and restated on 30 April 2021 made between Santander UK plc (1) Abbey Covered Bonds LLP (2) and Deutsche Trustee Company Limited (the "Security Trustee") (3) (as the same may be or have been amended, varied or supplemented from time to time with the consent of those parties).

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.