ACLTS definition
ACLTS shall have the meaning given to that term in clause (1) of the introductory paragraph hereof.
Examples of ACLTS in a sentence
Each of ACL and ACLTS shall have executed and delivered the Fleet Mortgages (it being understood that, notwithstanding the filing of the Fleet Mortgages with the United States Coast Guard on the Closing Date, written evidence of the recordation with the United States Coast Guard of the Fleet Mortgage may not be available for a period of up to 180 days following the Closing Date).