Ship Finance definition
Examples of Ship Finance in a sentence
Ship Finance represents and warrants to Borrower that it does not derive income which is effectively connected with the conduct of a trade or business in the United States for U.S. federal income tax purposes.
Each of Borrower and Ship Finance acknowledges and agrees that Lender is not registered as a broker-dealer and will not be required to take any action that would require it to become registered as such.
Each of Lender and Ship Finance acknowledges and agrees that Borrower is not registered as a broker-dealer and will not be required to take any action that would require it to become registered as such.
Lender and Ship Finance each acknowledge that Ship Finance will benefit directly, and the Lender, a wholly-owned subsidiary of Ship Finance, indirectly, from the Loan of any Loaned Shares hereunder, which benefit is hereby acknowledged as consideration for the Loan made hereunder.
Ship Finance See the term sheet at Annex 7 to Exhibit A of the RSA.
All notices or other communications which are required to be made to the Assignee hereunder shall be made by airmail postage prepaid letter or by telefax, confirmed by letter as follows: The Royal Bank of Scotland plc, as Security Trustee ▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Attention: Ship Finance Portfolio Management Team Telefacsimile: +▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ or at such other address as may have been furnished in writing by the Assignee.
Further details relating to the intercreditor principles, cash pooling arrangements, the arrangements for the Existing Bonds and the amendments to the Ship Finance Agreements are set out in Exhibit A of the RSA.
Lender and Ship Finance each acknowledge that Ship Finance will benefit directly and the Lender, a wholly-owned subsidiary of Ship Finance, indirectly, from the Loan of any Loaned Shares hereunder, which benefit is hereby acknowledged as consideration for the Loan made hereunder.
If required, any release documents in respect of the existing security; and (f) Signed copies of other relevant finance documents, Ship Finance documents, New Secured Notes purchase agreement, etc.
Liabilities owed by RigCo to the Creditors and the Ship Finance Parties shall rank in the following order: • first, the Senior Debt; • second, the New Secured Notes; • third, the Ship Finance Parties; and • fourth, the Intra Group Debt.