Definition of Portion 3


Portion 3 means up to [*] of the Pre-Delivery Interest or (as the context may require) the amount thereof for the time being drawn down and outstanding hereunder; Possible Event of Default means any event which, with the giving of notice, passage of time or occurrence of any other event, would constitute an Event of Default; Post Delivery Mortgage means the first priority statutory Bahamian mortgage and deed of covenants collateral thereto, to be granted by the Borrower over the Vessel in favour of the Trustee as security pursuant hereto, such mortgage and deed of covenants to be in the form and on the terms and conditions required by the Agent and the Hermes Agent and agreed on the signing hereof and as specified in paragraph 41 of Schedule 4; Pre-Delivery Interest Payment Date means the last day of each Pre-Delivery Interest Period; Pre-Delivery Interest Period means each period ascertained in accordance with Clause 5.3 or Clause 5.12 other than an Interest Period; Pre-Delivery Interest means the aggregate of the interest payable on the Loan on each Pre-Delivery Interest Payment Date; Pre-Delivery Mortgage means the first priority abstract acknowledgement of debt and mortgage (Abstraktes Schuldversprechen und Schiffshypothekenbestellungsurkunde) and part submission (Unterwerfung unter die sofortige Zwangsvollstreckung), to be granted by the Borrower over the Vessel in favour of the Trustee as security pursuant hereto during the Construction Period, such abstract, mortgage and submission being in the form and on the terms and conditions required by the Agent and the Hermes Agent and agreed on the signing hereof and as specified in paragraph 26 of Schedule 4; Process Agent means, in respect of any Security Documents executed prior to the date of the Fourth Supplemental Deed, Clifford Chance Secretaries Limited whose registered office is presently at 10 Upper Bank Street, London E14 5JJ and, thereafter, EC3 Services Limited whose registered office is presently at The St Botolph Building, 138 Houndsditch, London EC3A 7AR or any other person in England nominated by the Borrower or any other Obligor and approved by the Agent as agent to accept service of legal proceedings on their behalf under any of the Security Documents; Quotation Date means, in relation to any Pre-Delivery Interest Period or Interest Period, the day on which quotations would ordinarily be given in the London Interbank eurocurrency market for Dollar deposits for delivery on the first day of that Pre-Delivery Interest Period or Interest Period; Reference Banks means Commerzbank Aktiengesellschaft and HSBC Bank plc; Reimbursement Agreement means the reimbursement and distribution agreement dated 17 August 2007, by and among Investor I, Star and the Guarantor;
Sample 1

Examples of Portion 3 in a sentence

A permit was also issue to RPM, Permit Number PP 294/2002 (Reference RDNW (KL) 5/2/2/4414) over the following areas: the portions of Frischgewaagd covered by PP 294/2002 include the following areas: Portion RE4 (286.8951 Ha), Portion 3 (made up of Portion RE and Portion 13) (466.7884 Ha), Portion 2 (made of up Portion RE2 and Portion 7 (a Portion of Portion 2)) (616.3842 + 300.7757 Ha), Portion 15 (78.7091 Ha), Portion 16 (22.2698 Ha) and Portion 18 (45.0343 Ha).
A prospecting permit application over Onderstepoort 3 and 8 (Onderstepoort 98JQ, Remaining Extent of Portion 3 (a total area of 274.3291 Ha) and Portion 8 (a Portion of Portion 1) (a total area of 177.8467 Ha), was issued on 24 March 2004, Prospecting Permit Number PP 26/2004 (Reference RDNW (KL) 5/2/2/4717) and is valid until 23 April 2006.
A new order prospecting right for Onderstepoort (RPM) (Onderstepoort Previous Portion 9) (a Portion of Portion 3) (127.2794 Ha) has been applied for.
Portion 3 consists of the remaining two (2) Floors of Office Space and the remaining undivided 2/5 of the Lobby Space.
The application covers the same area of interest as that of Permit Number PP 294/2002 (Reference RDNW (KL) 5/2/2/4414) issued to RPM (see above paragraph): 17 Portion RE4 (286.8951 ha), Portion 3 (made up of Portion RE and Portion 13) (466.7884 ha), Portion 2 (made of up Portion RE2 and Portion 7 (a Portion of Portion 2)) (616.3842 + 300.7757 ha), Portion 15 (78.7091 ha), Portion 16 (22.2698 Ha) and Portion 18 (45.0343 ha).