ST Shipping definition
Examples of ST Shipping in a sentence
The Borrowers will provide the Agent with details of any legal or administrative action involving a Borrower, any other Security Party (other than the Glencore Guarantors and ST Shipping), the Approved Manager or a Ship, the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrowers that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.
All of the Equity Interests of Nordic Bulk Holding have been validly issued, are fully paid, non-assessable and free and clear of all Security Interests and are owned of record by Bulk Fleet, ST Shipping and ASO 2020.
The Borrowers will provide the Agent with details of any legal or administrative action involving a Borrower, any other Security Party (other than the Glencore Guarantors), ST Shipping, the Approved Manager or a Ship, the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrowers that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.
The Borrowers undertake with each Creditor Party to use the Advances only for the purposes of (i) repayment of a bridge loan provided by ST Shipping, (ii) repayment of subordinated shareholder loans provided by ST Shipping and Pangaea and (iii) delivery financing of NORDIC OSHIMA.
The Borrowers undertake with each Creditor Party to use the Advance only for the purpose of (i) repayment of a bridge loan provided by ST Shipping to the Borrowers, and (ii) repayment of subordinated shareholder loans provided by ST Shipping and Bulk Partners to the Borrowers.
The Borrowers shall use the proceeds of the first Advance solely for the purposes of (i) repayment of a bridge loan provided by ST Shipping, and (ii) repayment of subordinated shareholder loans provided by ST Shipping and Pangaea, and the proceeds of the second Advance solely for the purpose of financing the acquisition of NORDIC OSHIMA.
The Borrowers shall use the proceeds of the Advance solely for the purpose of (i) repayment of a bridge loan provided by ST Shipping to the Borrowers, and (ii) repayment of subordinated shareholder loans provided by ST Shipping and Bulk Partners to the Borrowers.
S-Oil Corporation 12 SINGAPORE PETROLEUM COMPANY LTD 12 ST SHIPPING AND TRANSPORT PTE LTD 12 ST Shipping & Transport Pte Ltd ST SHIPPING AND TRANSPORT PTE LTD Glencore Energy UK Ltd 12 Equinor ASA 12 EQUINOR MARKETING AND TRADING (US) INC Trafigura Trading LLC 12 Trafigura Maritime Logistics Pte Ltd Trafigura Maritime Logistic Ltd.
The Lenders have agreed to make available to the Borrowers a loan facility of up to the lesser of $40,000,000 or 65% of the aggregate Fair Market Value of the Panamanian registered vessels “NORDIC ODYSSEY” and “NORDIC ORION” for the purpose of (i) repayment of a bridge loan provided by ST Shipping to the Borrowers, and (ii) repayment of subordinated shareholder loans by ST Shipping and Bulk Partners to the Borrowers.
The Borrower will provide the Agent with details of any legal or administrative action involving the Borrower, any other Security Party (other than the Glencore Guarantors), ST Shipping, the Approved Manager or the Ship, the Earnings or the Insurances as soon as such action is instituted or it becomes apparent to the Borrower that it is likely to be instituted, unless it is clear that the legal or administrative action cannot be considered material in the context of any Finance Document.