Collateral Rig Mortgage definition

Collateral Rig Mortgage means a first preferred or priority mortgage, as the case may be, and deed of covenants, if applicable, substantially in the form of Appendix H, as such mortgage (and deed of covenants, as applicable) may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof, in each case granted by the Collateral Rig Owner in favor of the Collateral Agent, as security trustee and/or as mortgagee.
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Collateral Rig Mortgage means a first preferred mortgage, substantially in the form of Exhibit C-1, C-2 or C-3 for each of Liberia, Xxxxxxxx Islands and Vanuatu, respectively, or such other form (whether for one of those jurisdictions or another jurisdiction) as may be reasonably satisfactory to the Administrative Agent and Borrower, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
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Collateral Rig Mortgage means a mortgage substantially in the form provided to the Credit Facility Collateral Agent in respect of the Credit Facility Claims and Excess Credit Facility Claims, subject to differences reflecting differing priority of Liens, or such other form as may be reasonably satisfactory to the Notes Collateral Agent and the Issuer, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
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Examples of Collateral Rig Mortgage in a sentence

  • To ensure the legality, validity, enforceability or admissibility in evidence of each such Collateral Rig Mortgage in the applicable Acceptable Flag Jurisdiction or the jurisdiction of the applicable Credit Party party thereto, it is not necessary that any Collateral Rig Mortgage or any other document be filed or recorded with any court or other authority in any such jurisdiction, except as have been, or will be, made.

  • Each Collateral Rig is covered by all such insurance as is required in accordance with the requirements of the respective Collateral Rig Mortgage and Section 9.03.

  • These sectors can contribute significantly during an event as they can rapidly reduce production and effectively curtail usage when an event is called.

  • In addition to the requirements of the immediately preceding sentence, the Parent will at all times cause the Required Insurance to (i) be maintained and (ii) comply with the insurance requirements of each Collateral Rig Mortgage and the other Security Documents.

  • To ensure the legality, validity, enforceability or admissibility in evidence of each such Collateral Rig Mortgage in the applicable Acceptable Flag Jurisdiction or the jurisdiction of the applicable Loan Party that is party thereto, it is not necessary that any Collateral Rig Mortgage or any other document be filed or recorded with any court or other authority in any such jurisdiction, except as have been, or will be, made.

  • Each of the Holders by acquiring the Securities is hereby deemed to direct the Trustee to appoint the Collateral Agent as its mortgagee and security trustee to receive, hold, administer and enforce the Collateral Rig Mortgage covering the Collateral Rig, as contemplated under this Indenture.

  • For example, entrepreneurs have to wait over 150 days to obtain their business license unless they buy the protection of the president and his wider entourage.

  • In addition to the requirements of the immediately preceding sentence, the Parent will at all times cause insurance of the types described in Schedule IX to (i) be maintained (with the same scope of coverage as that described in Schedule IX) at levels which are at least as great as the respective amount described on Schedule IX and (ii) comply with the insurance requirements of each Collateral Rig Mortgage and the other Security Documents.

  • Each Collateral Rig is covered by all such insurance as is required in accordance with the requirements of the respective Collateral Rig Mortgage.

  • No Collateral Grantor shall take any action or otherwise attempt to enforce any claim or maritime lien held by it against a Collateral Rig that has priority over any claim or Lien of the Collateral Agent in respect of such Collateral Rig, including any claims or Liens arising under the applicable Collateral Rig Mortgage.


More Definitions of Collateral Rig Mortgage

Collateral Rig Mortgage means that certain Ship Mortgage Deed, dated July 13, 2018 by the Assignor, as Shipowner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly assigned to it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. For and on behalf of SONGA OFFSHORE RIG 3 AS By: Name: Title: XXXXXXXX X-0 FORM OF RECEIVABLES PLEDGE AGREEMENT FORM OF RECEIVABLES PLEDGE AGREEMENT MADE BY TRANSOCEAN [ENABLER/ENCOURAGE] LIMITED IN FAVOR OF XXXXX FARGO BANK, NATIONAL ASSOCIATION, AS THE COLLATERAL AGENT DATED AS OF JULY 13, 2018 This RECEIVABLES PLEDGE AGREEMENT dated as of July 13, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by TRANSOCEAN [ENABLER/ENCOURAGE] LIMITED, a Cayman Islands exempted company limited by shares (the “Pledgor”), in favor of XXXXX FARGO BANK, NATIONAL ASSOCIATION, in its capacity as collateral agent (in such capacity, together with any successor collateral agent, the “Collateral Agent”) for the Secured Creditors (as such term is defined in the Indenture referred to below).
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Collateral Rig Mortgage means that certain First Preferred Ship Mortgage, dated October 19, 2016 by the Assignor, as Shipowner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly assigned to it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. For and on behalf of TRANSOCEAN PHOENIX 2 OPCO, INC. By: Name: Title: Exhibit A to APPENDIX J FORM OF ACCOUNT AND RECEIVABLES PLEDGE AGREEMENT ACCOUNT AND RECEIVABLES PLEDGE AGREEMENT MADE BY TRITON CAPITAL II GMBH IN FAVOR OF XXXXX FARGO BANK, NATIONAL ASSOCIATION, AS THE COLLATERAL AGENT DATED AS OF OCTOBER 19, 0000 Xxxxxxxx X-0 This ACCOUNT AND RECEIVABLES PLEDGE AGREEMENT dated as of October 19, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by TRITON CAPITAL II GMBH, a Swiss limited liability company (the “Pledgor”) in favor of XXXXX FARGO BANK, NATIONAL ASSOCIATION, in its capacity as collateral agent (in such capacity, together with any successor collateral agent, the “Collateral Agent”) for the Secured Creditors (as such term is defined in the Indenture referred to below).
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Collateral Rig Mortgage means a mortgage substantially in the form attached hereto as Exhibit E (with respect to a Rig with a flag jurisdiction of the Republic of Liberia) or in such form as may be reasonably satisfactory to the Collateral Agent and the Issuer, as such mortgage may be amended, modified or supplemented from time to time in accordance with the terms hereof and thereof.
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Collateral Rig Mortgage means that certain first preferred mortgage, dated [________ __, 20__] by the Assignor, as Owner in favor of the Assignee, as Collateral Agent, as Mortgagee over the Collateral Rig, as it may be amended, restated, supplemented or otherwise modified from time to time. The undersigned confirms that the Charter has been duly executed by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. For and on behalf of [CHARTERER] By: Name: Title: EXHIBIT J FORM OF U.S. PLEDGE AND SECURITY AGREEMENT made by [Name of Each Grantor] and Each of the other Grantors (as defined herein) in favor of Citibank, N.A., as Collateral Agent Dated as of [ ], [ ] TABLE OF CONTENTS
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Related to Collateral Rig Mortgage

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Existing Mortgages means the Mortgages executed and delivered in connection with the Existing Credit Agreement.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Owner Mortgage Loan File A file maintained by the Custodian for each Mortgage Loan that contains the documents specified in Section 2.01(a) and any additional documents required to be added to the Owner Mortgage Loan File pursuant to this Agreement.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Additional Mortgaged Property shall have the meaning provided in Section 8.11(a).

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Collateral Rights means all rights, powers and remedies of the Collateral Agent provided by or pursuant to this Debenture or by law.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Aircraft Mortgage means that “Aircraft Mortgage” as defined in Section 4.01(e), as the same may be amended, restated, modified, supplemented, extended or amended and restated from time to time.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Collateral Pool means the aggregate total of the Collateral.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Driller I Co. NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Driller IV Co., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessel TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.