Delivery Date CPs definition
Delivery Date CPs means, in respect of a Vessel Loan, those conditions precedent listed in Clause 3.1 or, as the case may be, Clause 3.2 to which the Borrowers and all Banks may mutually agree after the date of this Agreement are permitted to be satisfied on the delivery date of the relevant Vessel if that occurs later than the Advance Date of that Vessel Loan.
Delivery Date CPs means the conditions precedent set out in paragraphs (a)(i), (a)(iv), (a)(vii), (a)(ix), (a)(xii)(A) and (a)(xii)(C) of Clause 8 (Conditions precedent).
Delivery Date CPs means, in respect of a Vessel Loan, the conditions precedent set out at Clauses 3.2.3, 3.2.5, 3.2.12 and 3.2.13 and such other conditions precedent listed in Clause 3.2 to which the Borrowers and all Banks may mutually agree after the date of this Agreement are permitted to be satisfied on the delivery date of the relevant Vessel if that occurs later than the Advance Date of that Vessel Loan. 1.32. "DOC" means a valid Document of Compliance issued for the Company by the Administration pursuant to paragraph 13.2 of the ISM Code. 1.33. "Dollars" and "$" each means available and freely transferable and convertible funds in lawful currency of the United States of America. 1.34. "Drawdown Notice" means a notice complying with Clause 2 and materially in the form of Appendix A. 1.35. "Drawing" means any part of the Loan advanced or to be advanced pursuant to a Drawdown Notice. 1.36. "Earnings" means, in relation to each Vessel, all hires, freights, pool income and other sums payable from time to time to or for the account of the relevant Borrower in respect of that Vessel including (without limitation) all remuneration for salvage and towage services, demurrage and detention moneys, contributions in general average, compensation in respect of any requisition for hire and damages (whether awarded by any court or arbitral tribunal or by agreement or otherwise) for breach, termination or variation of any contract for the operation, employment or use of that Vessel. 1.37. "Early Termination Date" has the meaning given to it in a Master Agreement. 1.38. "Effective Date" shall have the meaning set out in the First Supplemental (as such term is defined in the definition of "Supplemental Agreements"). 1.39. "Encumbrance" means any mortgage, charge, pledge, lien, assignment, hypothecation, title retention or trust arrangement or any other agreement or arrangement which has the effect of creating security. 1.40. "Event of Default" means any of the events set out in Clause 13.2. 1.40A "Existing Loan" means the aggregate of the Existing Vessel Loans.