Qualified Vessel definition

Qualified Vessel as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned directly by the Company or a Mortgaged Vessel Guarantor.

Qualified Vessel means, as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned by the Company or a Mortgaged Vessel Guarantor.

Qualified Vessel means a Vessel that is subject to a Qualified Services Contract.

Examples of Qualified Vessel in a sentence

• Full details concerning the use of the proposed barge; if the barge is to be used for multiple purposes indicate approximate per- centage of time in which the barge will be engaged in each service.E. Payment of Principal on Existing Indebted- ness Incurred in Connection ith the Acquisi- tion, Construction or Reconstruction of a Quali- fied Vessel or a Barge, Container or Trailer hich is Part of the Complement of a Qualified Vessel.

• Full details concerning the use of the proposed barge; if the barge is to be used for multiple purposes indicate approximate per- centage of time in which the barge will be engaged in each service.E. Payment of Principal on Existing Indebted- ness Incurred in Connection with the Acquisi- tion, Construction or Reconstruction of a Quali- fied Vessel or a Barge, Container or Trailer which is Part of the Complement of a Qualified Vessel.

• Terry Evans’s art comes out of a knowledge of the history of landscape photography, art history, the history of her region, and America’s industrial development.

• VESSEL GEOGRAPHIC TRADING RESTRICTIONS Schedule B (Qualified Vessel) Areas of Great Lakes Trade Applies to commerce between points on the Great Lakes & their connecting waterways in the immediate evirons of the Great Lakes II.

• VESSEL GEOGRAPHIC TRADING RESTRICTIONS Schedule B (Qualified Vessel) Areas of “Noncontiguous Domestic” Trade 1.

• Substitution of a Qualified Vessel or Qualified Collateral; Designation as Future Mortgaged Vessel 124 SECTION 11.10.

• Pa yment of Principal on Existing I ndebted- ness I ncurred in Connection with t he Acquisi- tion, Construction or Reconstruction of a Quali- fied Vessel or a Barge, Container or Trailer which is Part of t he Complement of a Qualified Vessel.

• Substitution of a Qualified Vessel or Qualified Collateral; Designation as Mortgaged Vessel.

More Definitions of Qualified Vessel

Qualified Vessel means a 6th or 7th (or later) generation Vessel that is (i) subject to a Qualified Services Contract and (ii), in the case of any Vessel that is not a Vessel owned by the Company on the Issue Date, of substantially comparable (or better) quality and value as (or than) the Vessels owned by the Company on the Issue Date.

Qualified Vessel means, as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned by the Issuer or a Mortgaged Guarantor and (iii) is flagged in a Permitted Flag Jurisdiction.

Qualified Vessel means, as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned by the Parent or a Mortgaged Guarantor and (iii) is flagged in a Permitted Flag Jurisdiction.

Qualified Vessel means a 6th or 7th (or later) generation Vessel that is (i) subject to a Qualified Services Contract and (ii), in the case of any Vessel that is not a Vessel owned by the Borrower on the Issue Date, of substantially comparable (or better) quality and value as (or than) the Vessels owned by the Borrower on the Issue Date.

Qualified Vessel means, at any time, the completed and delivered Vessels owned by Parent and its Restricted Subsidiaries at such time that are of substantially comparable (or better) quality and value as (or than) the quality and value at such time of the Vessels owned on the Restructuring Effective Date by Parent and its Restricted Subsidiaries, as determined in good faith by a Financial Officer.