Tripartite General Assignment definition

Tripartite General Assignment means the general assignment entered into on or around the Effective Date and made between the Borrower as owner, the Charterer as bareboat charterer and the Collateral Agent.
View Source
Tripartite General Assignment means the tripartite general assignment dated 30 June 2016 and executed by the Borrower as owner and Seven Seas as bareboat charterer in favour of the Security Trustee (as amended pursuant to the October 2023 Amendment Agreement).
View Source
Tripartite General Assignment means an assignment of the Seven Seas Charter, the Earnings, the Insurances and any Requisition Compensation, executed or to be executed by the Borrower, Seven Seas (as bareboat charterer) and, in the event that the Approved Manager is not a member of the Group and is named as a co-assured in the Insurances, the Approved Manager in favour of the Security Trustee in the agreed form.
View Source

Examples of Tripartite General Assignment in a sentence

  • Subject to the Borrower paying to the Security Trustee all expenses incurred by the Security Trustee in accordance with clause 11.11 (Transaction Costs) of the Facility Agreement, the Security Trustee shall promptly after execution of this Agreement and the Tripartite General Assignment, deliver to the Borrower an executed notice of reassignment of Insurances in the form set out in Schedule 4 (Form of Notice of reassignment).

  • Subject to the Borrower paying to the Security Trustee all expenses incurred by the Security Trustee in accordance with clause 11.11 (Transaction Costs) of the Facility Agreement , the Security Trustee shall promptly after execution of this Agreement and the Tripartite General Assignment, deliver to the Borrower an executed notice of reassignment of Insurances in the form set out in Schedule 4 (Form of Notice of reassignment).