ManCo Agreement definition
ManCo Agreement has the meaning given to it in Recital (G). "Net Asset Value" has the meaning given to it in Clause 2.2.4. "New Bank Loan" means a senior secured loan facility of up to USD 570 mill. to be provided to the Subsidiaries (other than those party to the Continuing Lease Agreements) by the Finance Providers for the purpose of financing the purchase price for their respective Vessels on completion of the Purchase Options and refinancing the Existing Bank Loan at Completion. “New Bank Loan Agreement” means an agreement between the Finance Providers of the Subsidiaries not party to the Continuing Lease Agreements, such Subsidiaries and the Company which will be concluded based on the Term Sheet. "NFE" means New Fortress Energy Inc. “Permitted Encumbrance” means: (a) any Encumbrance in respect of Terminating Lease Agreement and the Existing Bank Loan before Completion; (b) any Encumbrance in respect of the New Bank Loan and the Continuing Lease Agreements;