Collateral Loan Agreements definition
Collateral Loan Agreements means, together:
Collateral Loan Agreements means the Xingang/▇▇▇▇▇▇ Loan Agreement and the Pantelis Loan Agreement and "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 Jap...
Collateral Loan Agreements means Collateral Loan Agreement A and Collateral Loan Agreement B.
Examples of Collateral Loan Agreements in a sentence
Until the time when the Total Deferred Amount is reduced to zero, Cash Sweep amounts shall, on each Interest Payment Date following the end of the relevant quarter, be applied against prepayment of Total Deferred Amount on a pro rata basis between the Facility and each facility remaining outstanding under the Collateral Loan Agreements.
More Definitions of Collateral Loan Agreements
Collateral Loan Agreements to clause 1.1 of the Loan Agreement:
Collateral Loan Agreements means the Xingang/▇▇▇▇▇▇ Loan Agreement and the Pantelis Loan Agreement and "Collateral Loan Agreement" means either of them;