Examples of Collateral Vessel Mortgage in a sentence
Each Collateral Vessel is (i) or will be, classified in the highest class available for Vessels of its age and type with a classification society listed on Schedule X hereto or another internationally recognized classification society acceptable to the Collateral Agent, free of any conditions or recommendations, other than as permitted, or will be permitted, under the Collateral Vessel Mortgage or the Secondary Collateral Vessel Mortgage, as applicable, and (ii) flagged in an Acceptable Flag Jurisdiction.
Each Lender hereby consents in connection with any Flag Jurisdiction Transfer and subject to the satisfaction of the requirements thereof to be satisfied by the relevant Credit Party, to (x) deregister such Collateral Vessel from its previous flag jurisdiction and (y) release and hereby direct the Collateral Agent to release the relevant Collateral Vessel Mortgage.
Australia Awards Scholarships (AAS) are long term development awards that provide opportunities for full-time postgraduate study (one to two years) at participating Australian institutions.
To the extent any Collateral Vessel is subject to and covered by a valid and enforceable Collateral Vessel Mortgage in favor of the Collateral Agent, the provisions of such Collateral Vessel Mortgage shall prevail in the event of any conflict between such Collateral Vessel Mortgage and this Agreement.
All such UCC-1 financing statements and Collateral Vessel Mortgage filings have been delivered to the Collateral Agent in completed and, to the extent necessary or appropriate, duly executed form for filing in each applicable governmental, municipal or other office specified on Schedule 6 and Schedule 13 of the Perfection Certificate, as applicable.