The Vessel. The Vessel has not been delivered to the Borrower by the Builder pursuant to the Building Contract by the Termination Date.
The Vessel. The Vessel has not been redelivered to the Borrower by the Builder pursuant to the Building Contract by 3 December 2005 (or such later date as is agreed between the Borrower, the Lenders and Hermes).
The Vessel. Immediately following the delivery of the Vessel to the Borrower under the Construction Contract the Vessel will be:
The Vessel. The Vessel will on the Delivery Date be:
The Vessel. The Vessel will on the Utilisation Date be:
The Vessel. The Borrower will:
The Vessel. The Guarantor is the registered owner of the liquefied natural gas tanker named “[ — ]” (hull number [ — ]) (the “Vessel’).
The Vessel. The Borrower will be the registered owner of a cubic meter liquefied natural gas tanker [under construction]/[to be constructed] at and having hull number (the “Vessel”) which the Borrower will acquire from (the “Ship Builder”) pursuant to a shipbuilding contract dated between the Borrower and the Ship Builder (the “Ship Building Contract”).
The Vessel. The Vessel will on the Drawdown Date be:
The Vessel. As of the Effective Date, Seller has good and marketable title to the Vessel and the Attendant Plant free and clear of all Liens except for the Liens set forth in Exhibit H. As of the Closing Date, upon receipt of the Purchase Price, Seller shall sell, convey and transfer to Buyer good and marketable title to the Vessel and Attendant Plant free and clear of all Liens. The Vessel is validly documented under the laws of the United States.
