Ship Property definition

Ship Property means each of the vessels listed on Schedule XI on which the riverboat casino hotel businesses and related activities of the Borrower and its Subsidiaries are conducted.
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Examples of Ship Property in a sentence

  • The Borrower agrees to pay all costs and expenses in connection with the negotiation and execution of the amendments to the Mortgages, Ship Mortgages, deeds of trust and any and all other agreements and documents relating to the Real Property or the Ship Property, including, without limitation, recordation and filing fees, taxes, reasonable attorneys’ fees and expenses, and, to the extent incurred in connection with updating the Mortgage Policies, charges for title examination and title insurance premiums.

  • Schedule IX contains a true and complete list of each Ship Property owned or leased by the Borrower and its Subsidiaries on the Initial Borrowing Date and the type of interest therein held by the Borrower or such Subsidiary.

  • Schedule XI contains a true and complete list of each Ship Property owned or leased by the Borrower and its Subsidiaries on the Initial Borrowing Date and the type of interest therein held by the Borrower or such Subsidiary.