Vessel Loans definition

Vessel Loans means more than one of them.
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Vessel Loans means more than one of them. 1.124. "Vessel One" means the Vessel designated as "Vessel One" in Schedule 1. 1.124A. "Vessel Six" means the Vessel designated as "Vessel Six" in Schedule 1. 1.125. "Vessel Three" means the Vessel designated as "Vessel Three" in Schedule 1. 1.126. "Vessel Two" means the Vessel designated as "Vessel Two" in Schedule 1. 1.127. "Vessels" means the vessels listed in Schedule 1 or any other vessel which may from time to time be mortgaged in favour of the Security Trustee as security for the obligations of the Security Parties under the Finance Documents, and everything now or in the future belonging to them on board and ashore and "Vessel" means any one of them. 1.
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Vessel Loans means Vessel Loan A and Vessel Loan B and each a “Vessel Loan”.
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Examples of Vessel Loans in a sentence

  • The Borrowers shall use the Vessel Loans for the purposes referred to in Recital (B).

  • We select the period of [ ] ([ ]) month[s] as the first Interest Period for the Vessel Loan[s] requested in this Drawdown Notice.

  • Subject to the terms of this Agreement, the Lenders agree to make available to the Borrowers on a joint and several basis a term loan comprising all the Vessel Loans and not exceeding in aggregate the Maximum Loan Amount.

  • The consideration payable by Arkstar Offshore in respect of the charter contracts shall be an amount equivalent to the monthly repayments due to the relevant Lenders in respect of the Outstanding Vessel Loans.

  • The Borrower will prepay the aggregate principal amount of the outstanding Vessel Loans in whole, together with all accrued and unpaid interest thereon within 60 days after any date when the Vessel Construction Contract shall have been terminated or rescinded.

  • The applicable repayment schedule set out in Schedule 6 to apply for each New Vessel Loan shall depend on whether the Advance Date for the New Vessel Loans is a date that would make it a Transfer Date X, a Transfer Date Y or a Transfer Date Z.

  • The Vessel Construction Loans and the Capitalized Interest Loans are collectively referred to herein as the "Vessel Loans." The Borrower promises to pay interest on the unpaid principal amount of each Vessel Loan made by the Bank to the Borrower, from the date of such Vessel Loan until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.

  • The Borrower may, upon at least three (3) Business Days' prior written notice to Conoco (which notice shall be irrevocable), prepay the Vessel Loans in whole (but not in part), together with all accrued and unpaid interest thereon.

  • If any Event of Default described in Section 6.01(e) shall occur with respect to the Borrower, the Commitment (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Vessel Loans and all other obligations shall automatically be and become immediately due and payable, without notice or demand.

  • Notwithstanding anything herein to the contrary, Conoco shall have no obligation to make a Vessel Loan if the making of such Loan would cause the aggregate outstanding principal amount of all Vessel Loans to exceed $85,000,000.


More Definitions of Vessel Loans

Vessel Loans means the aggregate of Kea Vessel Loan, Spetses Vessel Loan and Hydra Vessel Loan and “Vessel Loans” means any of them.
Sample 1
Vessel Loans means any of them.
Sample 1
Vessel Loans means the Vessel Construction Loans and the Vessel Capitalized Interest Loans.
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Related to Vessel Loans

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Subject Loans has the meaning assigned to such term in Section 2.11(b)(ii).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Term A Loans has the meaning specified in Section 2.01(b).