FPU Equipment definition
FPU Equipment means, following the Additional Conversion, the TPF and other assets attached, installed or rigged on the Vessel from time to time.
Examples of FPU Equipment in a sentence
The Borrower shall not create or permit to subsist any Security Interest over the Vessel or its equipment (including the FPU Equipment), the Earnings, the Insurances, the shares (or other equity interest) in the Borrower) other than the Security Interest under the Security Documents, the Bareboat Charterer Security, liens permitted under the Mortgage and Security Interests consented to in writing by the Agent (acting upon instruction from the Majority Lenders).