Collateral Loan Agreement definition
Collateral Loan Agreement means the loan agreement dated 17 December 2014 (as amended and restated by an amending and restating agreement dated 24 April 2015 and as the same may be further amended, supplemented, restated and/or novated from time to time) and made between (i) the Tasman Collateral Owners as joint and several borrowers, (ii) the banks and financial institutions listed in schedule 1 thereto as lenders, (iii) ABN AMRO Bank N.V. as agent, arranger and swap bank and (iv) the Tasman Security Agent in respect of a loan facility of (originally) up to $62,500,000 secured on (inter alia) the Tasman Collateral Vessels upon the terms and conditions therein contained.”;
Collateral Loan Agreement means the loan agreement dated 11 December 2007 (as amended) made between the Collateral Guarantors as borrowers and the Bank as lender;
Collateral Loan Agreement means the loan agreement dated 17 December 2014 and made between (i) Tasman Marine LLC, ▇▇▇▇▇▇ Marine LLC, Drake Marine LLC, Mercator Marine LLC and Barentsz Marine LLC, as joint and several borrowers, (ii) the banks and financial institutions listed therein as lenders and (iii) ABN Amro Bank N.V. as agent, arranger, swap bank and security trustee, in respect of a loan facility of up to $62,500,000 secured on (inter alia) m.vs. “NEDLLOYD TASMAN” (tbr “TASMAN”), “NEDLLOYD ▇▇▇▇▇▇” (tbr “▇▇▇▇▇▇”), “NEDLLOYD MERCATOR” (tbr “MERCATOR I”), “NEDLLOYD BARENTSZ” (tbr “BARENTSZ”) and “NEDLLOYD DRAKE” (tbr “DRAKE”) (as amended, supplemented and/or novated from time to time);”;
Examples of Collateral Loan Agreement in a sentence
A Collateral Loan Agreement and Promissory Note was entered into between the Company and a third party lender ("Lender") pursuant to which the Lender is to provide the Company with a loan in the amount of Five Million United States dollars ($5,000,000) ("the Loan Proceeds").
Borrower and one or more affiliates of Borrower (collectively, “Borrowers”) have entered into that certain Collateral Loan Agreement with Lender dated of even date herewith (as the same may be amended from time to time, the “Loan Agreement”).
Loan Agreement Any Tasman Collateral Owner fails to pay when due any sum representing principal or interest payable under the Collateral Loan Agreement.
Evidence that each Collateral Vessel is insured in the manner required by the Additional Security Documents and that letters of undertaking will be issued in the manner required by the Additional Security Documents, together with (if required by the Lender) the written approval of each Collateral Vessel's Insurances (as such term is defined in the relevant Collateral Loan Agreement) by an insurance adviser appointed by the Lender.
The Borrowers shall procure that the Collateral Owners shall maintain the Earnings Accounts with the Account Holder for the duration of the Facility Period free of Encumbrances and rights of set off other than those created by or under the Finance Documents and the applicable Collateral Loan Agreement.
More Definitions of Collateral Loan Agreement
Collateral Loan Agreement means either of them;
Collateral Loan Agreement means loan agreement dated 30 May 2008 as amended and restated and made between (among others) (i) Clan Navigation Limited, Ebba Navigation Limited, Olympia II Navigation Limited, ▇▇▇▇▇▇ Navigation Limited and Sui An Navigation Limited all of the ▇▇▇▇▇▇▇▇ Islands as joint and several borrowers, (ii) ABN as lenders, (iii) ABN as mandated lead arranger and (iv) ABN as agent and security trustee in respect of a term loan facility of up to US$40,000,000;
Collateral Loan Agreement means either of them; "Collateral Manager's Undertakings" means the manager's undertakings in respect of the Collateral Vessels to be executed by the Manager in favour of the Lender, in such form and containing such terms and conditions as the Lender shall require and "Collateral Manager's Undertaking" means any one of them; "Collateral Mortgages" means the second preferred Liberian mortgages in respect of the Collateral Vessels to be granted by the relevant Collateral Owners in favour of the Lender, in such form and containing such terms and conditions as the Lender shall require and "Collateral Mortgage" means any one of them; "Collateral Owners" means the Xingang Collateral Owner, the ▇▇▇▇▇▇ Collateral Owner and the Pantelis Collateral Owner and "Collateral Owner" means any one of them; "Collateral Vessels" means the Marinos Collateral Vessel, the ▇▇▇▇▇▇ Collateral Vessel and the Pantelis Collateral Vessel and "Collateral Vessel" means any one of them; "Effective Date" means the date on which the Lender confirms to the Borrowers in writing substantially in the form set out in Schedule 1 that all of the conditions referred to in clause 2.1 have been satisfied, which confirmation the Lender shall be under no obligation to give if Event of Default shall have occurred and be continuing; "▇▇▇▇▇▇ Collateral Owner" means ▇▇▇▇▇▇ Maritime Ltd, a company incorporated under the laws of the Republic of Liberia, having its registered address at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇; 4 "▇▇▇▇▇▇ Collateral Vessel" means the motor vessel named "▇▇▇▇▇▇" with IMO no. 9204477 built in Poland in 1999, currently registered under the flag of the Republic of Liberia in the ownership of the ▇▇▇▇▇▇ Collateral Owner and everything now or in the future belonging to her on board and ashore; "Marinos Collateral Vessel" means the motor vessel named "MARINOS" with IMO no. 9053232 built in Germany in 1993, currently registered under the flag of the Republic of Liberia in the ownership of the Xingang Collateral Owner and everything now or in the future belonging to her on board and ashore; "Pantelis Collateral Owner" means Pantelis Shipping Corp., a company incorporated under the laws of the Republic of Liberia, having its registered address at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇; "Pantelis Collateral Vessel" means the bulk carrier vessel named "PANTELIS" with IMO no. ▇▇▇▇▇▇▇ built in Japan in 2000, currently registered in the ownership of the Pantelis Collateral Owner under the flag of the...
Collateral Loan Agreement means each of the Zeus Loan Agreement, and the ▇▇▇▇▇▇-▇▇▇-Kronos-Socrates Loan Agreement and the Ikaros Loan Agreement, and, in the plural, means any or all of them;
Collateral Loan Agreement means the loan agreement between a Collateral Borrower and the Originator relating to a Collateral Loan.
Collateral Loan Agreement there shall occur an event of default (however therein described) under the Collateral Loan Agreement; or
Collateral Loan Agreement means a loan agreement dated 13 March 2008 (as amended and supplemented by supplemental agreements dated 12 December 2008 and July 2009 respectively) made (originally) between (i) Annapolis Shipping Company Limited, Atlas Owning Company Limited, Farat and Lansat Shipping Company Limited (the “Collateral Borrowers”) as joint and several borrowers and (ii) the Lender as lender, in respect of a loan facility of (originally) US$130,000,000;