Alpha Ship definition

Alpha Ship means the ship described as such in Schedule 2 (Ship information). Approved Technical Manager means any of the technical managers listed in Schedule 6 or any other person appointed as technical managers by the Borrower, with the prior written consent of the Agent (acting on the instructions of the Majority Lenders).
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Examples of Alpha Ship in a sentence

  • If the Alpha Ship becomes a Total Loss (as defined in the Alpha Facility Agreement), the Borrower or the Parent shall procure that on the Total Loss Repayment Date (as defined in the Alpha Facility Agreement) the net total loss proceeds remaining following the prepayment in full of the sums owing under the Alpha Facility Agreement are applied (and the payment of any reasonable expenses as may be approved) in part prepayment of the Loan.

Related to Alpha Ship

  • cargo ship means any ship which is not a passenger ship;

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.