General Assignment definition
General Assignment means, in relation to a Ship, a general assignment of the Earnings, the Insurances and any Requisition Compensation in the Agreed Form;
General Assignment means, in respect of each Vessel, the deed of assignment of its earnings, insurances and requisition compensation executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Agent and the Majority Lenders may require in their sole discretion and in the plural means all of them;
General Assignment means, in respect of each Vessel, the deed of assignment of its earnings, insurances and requisition compensation executed or to be executed by the relevant Owner in favour of the Bank in such form as the Bank may require in its sole discretion, and in the plural means both of them;
Examples of General Assignment in a sentence
Each Borrower hereby covenants with the Lender that its Operating Account and any moneys therein shall not be charged, assigned, transferred or pledged nor shall there be granted by any Borrower or suffered to arise any third party rights over or against the whole or any part of its respective Operating Account other than in favour of the Lender as promised herein and in the relevant General Assignment.
More Definitions of General Assignment
General Assignment shall have the meaning set forth in Section 5.2.3.
General Assignment has the meaning ascribed to it in Section 1.05.
General Assignment means, in relation to a Ship, the general assignment creating Security over:
General Assignment shall have the meaning ascribed thereto in Section 5.1(f) hereof.
General Assignment means, in relation to a Ship, the general assignment creating Security over that Ship's Earnings, its Insurances and any Requisition Compensation in relation to that Ship in agreed form.
General Assignment means an assignment of, inter alia, any Management Agreement, the Earnings, the Insurances, any charter and any Requisition Compensation, executed or to be executed by the Borrower and/or the Charterer as charterer.
General Assignment means, in relation to a Ship, a general assignment of (inter alia) the Earnings, the Insurances and any Requisition Compensation relative to that Ship in the Agreed Form and, in the plural, means all of them;