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 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.
Examples of Qualified Vessel in a sentence
Substitution of a Qualified Vessel or Qualified Collateral; Designation as Future Mortgaged Vessel 124 SECTION 11.10.
More Definitions of Qualified Vessel
Qualified Vessel means a Vessel that is subject to a Qualified Services Contract.
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 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.