Assignment of Earnings and Insurances definition

Assignment of Earnings and Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.

Assignment of Earnings and Insurances means the assignment between the Owner and the Indenture Trustee, as amended from time to time in accordance with the terms thereof, pursuant to which the Owner collaterally assigns to the Indenture Trustee all of the Owner's right, title and interest in, to and under the freights and hires (as well as any charters entered into after the Delivery Date) with respect to the Vessel to secure its obligations under the Indenture.

Assignment of Earnings and Insurances means an assignment of earnings and insurances to be entered into by the Borrower in favour of the Security Trustee pursuant to paragraph 2, Part 2 of the First Schedule;

Examples of Assignment of Earnings and Insurances in a sentence

• The provisions of clause 3.1 of the Assignment of Earnings and Insurances shall apply mutatis mutandis to this Assignment as if set out herein and as if references therein to “this Deed” were references to this Assignment.

• In the event that the balance referred to in clause 2.3 of the Assignment of Earnings and Insurances is insufficient to pay in full the whole of the Outstanding Indebtedness, the Collateral Agent shall be entitled to collect the shortfall from the Owner or any other person liable for the time being therefor.

• This Assignment shall be read together with the Assignment of Earnings and Insurances but in case of any conflict between the two instruments the provisions of the Assignment of Earnings and Insurances shall prevail.

• Interviews are conducted by computer assisted personal interviewing (CAPI).

• These income eligibility limits vary by property and in some cases by unit.

More Definitions of Assignment of Earnings and Insurances

Assignment of Earnings and Insurances means the assignment of earnings and insurances of the Vessels in such form as the Lender may agree or require in its reasonable discretion, and in the plural means all of them;

Assignment of Earnings and Insurances means either of them;

Assignment of Earnings and Insurances means, with respect to a Vessel, one or more assignments between a Liner, manager, bareboat charterer, Borrower, Guarantor or any other Person that has a leasehold interest or ownership interest in a Vessel or control over the Earnings or Insurances with respect to such Vessel and the Agent, on behalf of the Lenders, as the same from time to time may be amended, restated, supplemented, renewed or otherwise modified, in each case in accordance with the terms thereof, pursuant to which such Person assigns to the Agent, on behalf of the Lenders, all of its right, title and interest in, to and under the Earnings and Insurances with respect to such Vessel.

Assignment of Earnings and Insurances means an assignment between the Borrower and the Agent, on behalf of the Lenders, as the same from time to time may be amended, restated, modified, supplemented or renewed, in each case in accordance with the terms thereof, pursuant to which the Borrower assigns to the Agent, on behalf of the Lenders, all of its right, title and interest in, to and under the Earnings and Insurances with respect to the Vessel.

Assignment of Earnings and Insurances means the assignment of earnings and insurances of the Collateral Vessel in such form as the Lender may agree or require in its reasonable discretion;

Assignment of Earnings and Insurances means the assignment of earnings and insurances relating to the Vessel presently known as MT Stavanger Sun dated 27 November 1997 between Stavanger Sun Ltd as Owner and the Security Trustee.

Assignment of Earnings and Insurances means each assignment of Earnings and Insurances executed or to be executed in respect of the Vessels by each Borrower, the Time Charterer and the Security Agent in the form set out in Schedule 15 (Form of Assignment of Earnings and Insurances) and collectively the “Assignments of Earnings and Insurances”.