Second Mortgage Addendum means, in respect of each Mortgage, a second addendum thereto, executed or to be executed by the relevant Owner in favour of the Security Trustee in such form as the Agent may approve or require.
Second Mortgage Addendum means the second addendum to the Mortgage executed or, as the case may be, to be executed, by the Owner in favour of the Lender in such form as the Lender may reasonably approve or require;”;
Second Mortgage Addendum means, in relation to each Existing Ship, the second addendum to the Mortgage on that Existing Ship, executed or to be executed by the Owner of that Ship in favour of the Lenders in such form as the Lenders may approve or require and, in the plural, means all of them; and
Examples of Second Mortgage Addendum in a sentence
Documentary evidence that in respect of each Ship which is the subject of a Mortgage, a Second Mortgage Addendum has been duly registered against that Ship as a valid addendum in accordance with the laws of the jurisdiction of its Approved Flag.
More Definitions of Second Mortgage Addendum
Second Mortgage Addendum means the addendum to the first preferred Xxxxxxxx Islands mortgage over m.v. “KIND SEAS” dated 31 March 2009, as amended by the first mortgage addendum dated 23 March 2010, executed by the Corporate Guarantor as owner, in favour of the Security Trustee.
Second Mortgage Addendum means, in relation to a Relevant Ship, the addendum executed or (as the context may require) to be executed by the relevant Owner of that Relevant Ship in favour of the Security Trustee in the form required by the Agent in its sole discretion and supplemental to the Mortgage dated 20 November 2007 executed by such Owner of such Relevant Ship in favour of the Security Trustee and "Second Mortgage Addenda" means both of them.
Second Mortgage Addendum means the second addendum to the Mortgage on "STAR COSMO", executed or to be executed by the Owner in favour of the Lender in such form as the Lender may approve or require.
Second Mortgage Addendum means a second addendum to the Mortgage, in such form as the Lender may require in its sole discretion.
Second Mortgage Addendum means, in relation to each Borrower’s Ship, each addendum to the relevant Borrower’s Mortgage executed or (as the context may require) to be executed by the relevant Borrower in favour of the Lender under the Second Supplemental Agreement, in such form as the Lender may require in its sole discretion and “Second Mortgage Addenda” means both of them;
Second Mortgage Addendum means, in relation to each of m.v.s "CALM SEAS" and "CRYSTAL SEAS", the second addendum to the Mortgage over such Ship dated 24 March 2010 executed between the relevant Owner and the Security Trustee, and "Second Mortgage Addenda" means all of them;