Post-Delivery Commitment Letter definition
Post-Delivery Commitment Letter means a letter, issued by a banking institution (the “Post-Delivery Lender”) and addressed to the Parent Guarantor and/or the relevant Owner and accepted by the Parent Guarantor and/or the relevant Owner setting out the main terms and conditions pursuant to which the relevant Post Delivery Lender shall provide the Parent Guarantor and/or the relevant Owner with a certain loan facility (the “Post Delivery Loan”) for the purpose of financing one or more Ships on the Delivery Date(s) thereof under the terms and conditions therein set forth;