Mortgage Addendum definition

Mortgage Addendum means the addendum to the Mortgage in the agreed form.

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Mortgage Addendum means, in respect of each Mortgage, an addendum thereto executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Agent may approve or require and, in the plural, means all of them; and

Mortgage Addendum means, in respect of each of the Vessels, an addendum to the Mortgage in respect thereof, in such form as the Agent and the Majority Lenders may in their sole discretion require, and in the plural means all of them.

Examples of Mortgage Addendum in a sentence

• Each Obligor that is a party to the Facility Agreement makes the representations and warranties set out in clause 20 (representations) of the Facility Agreement, as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement and, where appropriate, the relevant Mortgage Addendum, by reference to the circumstances then existing on the date of this Agreement and on the Effective Date.

• Each Obligor makes the representations and warranties set out in the Finance Documents (other than the Facility Agreement) to which it is a party, as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement and, where appropriate, the Mortgage Addendum, by reference to the circumstances then existing on the date of this Agreement and on the Effective Date.

More Definitions of Mortgage Addendum

Mortgage Addendum means, in relation to each Borrower Ship, the first addendum to the First Preferred Mortgage over that Borrower Ship;

Mortgage Addendum means, in relation to the Mortgage in respect of each of Ship A and Ship B, an addendum to that Mortgage in agreed form and, in the plural means, both of them.

Mortgage Addendum means, in relation to each Ship, any addendum executed or (as the context may require) to be executed between the relevant Owner and the Bank under the Supplemental Agreement (or any subsequent supplemental agreement to this Agreement) in such form as the Bank may require and being supplemental to the relevant Mortgage and "Mortgage Addenda" means any or all of them;

Mortgage Addendum means, in respect of each of the Existing Vessels an addendum to the Mortgage in respect thereof, in such form as the Agent and the Majority Lenders may in their sole discretion require, and in the plural means all of them;

Mortgage Addendum means, in relation to each Original Ship, the first addendum, to the Mortgage on that Original Ship, executed or to be executed by:

Mortgage Addendum means the addendum to the Mortgage made or to be made between Borrower B and the Lender in the agreed form.

Mortgage Addendum means an addendum to the Mortgage over Ship A executed or to be executed by the Borrower in favour of the Lender in the Agreed Form;