Vessel Financing definition

Vessel Financing means a maximum amount of EUR 48,000,000 of third party interest bearing debt of the Group solely used to, together with the funds in the Vessel Funding Account, finance the purchase of the New Vessels.
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Vessel Financing means (i) the financing described on Schedule 1.01(d) and (ii) any other incurrence of Indebtedness (or guarantees thereof) by Holdings or any Excluded Vessel Subsidiary in connection with the acquisition, construction, improvement, ownership, operation, replacement or repair of any marine vessel in a single transaction or series of transactions.
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Vessel Financing means any financing obtained by any Financing Subsidiary from a governmental or quasi-governmental entity to acquire liftboats and other marine equipment (including related supplies); provided that:
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Examples of Vessel Financing in a sentence

  • Vessel Financing Y Yes 11-Dec-2015 10-Dec-2027 USD 37,000,000.00 1.00000 37,000,000.00 205705 DVB Bank XX Xxxx Caribbean, Ltd.

  • Vessel Financing Y Yes 11-Dec-2015 10-Dec-2027 USD 36,229,167.00 1.00000 36,229,167.00 200187 Bank of America Ventura Trading Ltd.

  • For so long as any Subject Vessel Financing Facility remains outstanding, the covenant contained in the preceding sentence shall be deemed not to have been breached unless at least one financial covenant under all of the then-outstanding Subject Vessel Financing Facilities has also been breached at such time, without giving effect to any amendments or waivers to such Subject Vessel Financing Facilities after the Issue Date (the “Financial Covenant Breach Condition”).

  • The Company has delivered or Made Available to each Purchaser (i) a copy of the "Global Ship Lease GSL Vessel Financing" presentation, dated May, 2022, (ii) access to an Intralinks VDR marketing dataroom opened by the Sole Structuring Agent and (iii) a copy of the "Global Ship Lease GSL Vessel Financing – Addendum dated May 18, 2022 (together, the "Memorandum"), relating to the transactions contemplated hereby.

  • The Borrower shall give the Agent at least three (3) Business Days' notice of the date on which it intends to effect a Vessel Financing Termination and the vessel affected thereby.

  • The Borrower shall also in the same manner effect a "true-up" of the financial terms of the Interest Rate Protection Agreement or Agreements in effect at such time, to the extent necessary, each time it shall make an optional or mandatory prepayment pursuant to Section 2.10 or 2.11, including, without limitation, as a result of an Event of Loss, a Casualty Event or a Vessel Financing Termination.

  • The Borrower may at any time elect to terminate the financing arrangements provided for in this Agreement and the other Credit Documents with respect to either of the Drillship or the Rig for any reason whatsoever (a "Vessel Financing Termination").

  • For so long as any Subject Vessel Financing Facility remains outstanding, this covenant shall be deemed not to have been breached at any time unless the Financial Covenant Breach Condition has been fulfilled.

  • For so long as any Subject Vessel Financing Facility remains outstanding, the covenant contained in the preceding sentence shall be deemed not to have been breached at any time unless the Financial Covenant Breach Condition has been fulfilled.

  • Vessel Financing Y Yes 11-Dec-2015 10-Dec-2027 USD 21,920,000.00 1.00000 21,920,000.00 205689 DVB Bank XX Xxxx Pacific, Ltd.


More Definitions of Vessel Financing

Vessel Financing is defined in Section 6.01.
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Related to Vessel Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • New Financing has the meaning specified in Section 2.04(a).

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Debt Financing has the meaning set forth in Section 5.7.

  • Bridge means a structure including supports erected over a depression or an obstruction, such as water, a highway, or a railway, for the purposes of carrying traffic or other moving loads, and having an opening measuring along the center of the roadway of more than 20 feet between undercopings of abutments or spring lines of arches, or extreme ends of openings for multiple boxes where the clear distance between openings is less than 1/2 of the smaller contiguous opening.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Bridge Financing has meaning set forth in Section 7.6.

  • Exit Financing means the financing under the Exit Facility.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Financing Transactions means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Project Financing means: (a) one or more loans, leases, equity and/or debt financings, together with all modifications, renewals, supplements, substitutions and replacements thereof, the proceeds of which are used to finance or refinance the costs of the Customer Facility, any alteration, expansion or improvement to the Customer Facility, the purchase and sale of the Customer Facility or the operation of the Customer Facility; (b) a power purchase agreement pursuant to which Interconnection Customer’s obligations are secured by a mortgage or other lien on the Customer Facility; or (c) loans and/or debt issues secured by the Customer Facility.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Financing Subsidiary means an SPE Subsidiary or an SBIC Subsidiary.

  • Securities Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements and any other transactions within the scope of SFTR that a Fund is permitted to engage in;

  • Financings has the meaning ascribed to it in the preamble.

  • Original Financing Agreement means the development credit agreement for a Social Investment Program Project between the Recipient and the Association, dated April 7, 2003, as amended to the date of this Agreement (Credit No. 3740-BD).

  • Financial Closure or Project Financing Arrangements means the agreements pursuant to which the SPG has sought financing for the Power Project including the loan agreements, security documents, notes, indentures, security agreements, letters of credit and other documents, as may be amended, modified, or replaced from time to time, but without in anyway increasing the liabilities of JDVVNL.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • Co-financing Agreement means the agreement to be entered into between the Recipient and the Co-financier providing for the Co-financing.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Financing has the meaning set forth in Section 5.7.