Pincay definition
Pincay by replacing the term "Mortgage" each time it appears therein with the term "Mortgages".
Examples of Pincay in a sentence
The Lenders hereby consent to the amendment of the Charter with respect to the Pincay (the "Pincay Charter") to the extent such amendment (i) increases the daily payments by the Borrower to the Charterer thereunder from $2,800 to $5,000 and (ii) eliminates the participation discount rate in the event the Pincay is deployed for drilling activities on behalf of affiliates of the Borrower.
The Charterer shall have (i) with respect to the Pincay, entered into a Drilling Contract with a major international oil company and (ii) with respect to the Shoe▇▇▇▇▇, (▇) entered into a Drilling Contract with Tath▇▇ ▇▇▇shore, Inc.