PURCHASE OPTION MOA definition
PURCHASE OPTION MOA means, in relation to an Additional Collateral Ship (other than a MOA Ship), each memorandum of agreement made or (as the context may require) to be made between the relevant Seller and the relevant Additional Collateral Owner, in relation to the sale by the relevant Seller, and the purchase by the relevant Additional Collateral Owner, of such Additional Collateral Ship (other than a MOA Ship), as such memorandum of agreement may be amended and/or supplemented from time to time with the prior written consent of the Agent (acting on the instructions of the Majority Lenders) and "PURCHASE OPTION MOAS" means any or all of them.