Pre-Delivery Assignment definition
Pre-Delivery Assignment means the deed of assignment dated on or about the date of this Agreement and executed by the Sellers (as assignor) in favour of the Buyers (as assignee) in relation to the Sellers’ rights, title and interests in and to, and all benefits accruing to it under or pursuant to the Building Contract and the Refund Guarantee.
Pre-Delivery Assignment has the meaning given to such term in the MOA.
Pre-Delivery Assignment means the first priority assignment and charge executed or to be executed by the Borrower in favour of the Facility Security Trustee, in the Agreed Form. Proceeds means:
Examples of Pre-Delivery Assignment in a sentence
Evidence acceptable to the Facility Agent that notices of assignment (as required) have been served by the Borrower (and consent and/or acknowledgement relating thereto where relevant) in respect of the Pre-Delivery Assignment.
More Definitions of Pre-Delivery Assignment
Pre-Delivery Assignment means, with respect to a Newbuilding Vessel, an assignment by the relevant Subsidiary Guarantor of such Newbuilding Vessel’s Shipbuilding Contract and/or related Refund Guarantee, in substantially the form attached hereto as Exhibit P or such other form reasonably acceptable to the Security Trustee and the Majority Lenders;