Borrowers’ Ships definition

Borrowers’ Ships means, together, the Q ▇▇▇▇▇▇ Ship, the Q Anastasia Ship, the Q Kaki Ship and the Q Houston Ship and “Borrower’s Ship” means any one of them;
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Examples of Borrowers’ Ships in a sentence

  • This Agreement sets out the terms and conditions upon and subject to which the Banks agree, according to their several obligations, to make available to the Borrowers, jointly and severally, in up to fourteen (14) Advances, a loan of up to Thirty one million forty thousand Dollars ($31,040,000) for the purpose of financing part of the construction and acquisition cost of the Borrowers’ Ships.

  • This Agreement sets out the terms and conditions upon and subject to which the Banks agree, according to their several obligations, to make available to the Borrowers, jointly and severally, in up to six (6) Advances, a loan of up to Nine million four hundred and eighty thousand Dollars ($9,480,000) for the purpose of financing part of the construction and acquisition cost of the Borrowers’ Ships.