Covered Shipwrecks definition
Covered Shipwrecks means (a) the shipwrecks included in the proprietary shipwreck database and research library of Borrower as of December 10, 2015, excluding any Excluded Shipwrecks, and (b) any other shipwrecks discovered or identified by or presented to Borrower or Lender or any of its Affiliates during the five-year period ending December 10, 2020.
Covered Shipwrecks means (a) the shipwrecks included in the proprietary shipwreck database and research library that constitute a portion of the Purchased Assets, excluding any shipwrecks the rights to which constitute Excluded Assets, and (b) any other shipwrecks discovered or identified by or presented to Seller or Magellan or any of its Affiliates during the five-year period after the date of this Agreement.