Delivery Tranche definition

Delivery Tranche means any Commercial Delivery Tranche or any K-SURE Secured Delivery Tranche.
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Delivery Tranche means a tranche of the Newbuilding Advance in the amount of up to $25,875,000;
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Delivery Tranche means, in relation to:
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Examples of Delivery Tranche in a sentence

  • The first Repayment Instalment in relation to each Delivery Tranche shall be repaid on the date falling six Months from the Delivery Date of the Ship relevant to such Delivery Tranche, each subsequent Repayment Instalment in relation to such Delivery Tranche shall be repaid at semi-annual intervals thereafter and the relevant Balloon Instalment shall be repaid on the Termination Date relating to such Delivery Tranche.

  • With respect to the K-SURE Secured Pre-delivery Tranche and K-SURE Secured Delivery Tranche, each K-SURE Secured Finance Party will cooperate with the Facility Agent and each other Lender and take such action and/or refrain from taking such action as may be reasonably necessary, to ensure that the relevant K-SURE Insurance Policy continue in full force and effect.