Vessel Term Loan Agreement definition

Vessel Term Loan Agreement means, collectively: (a) the Credit Agreement, dated as of July 14, 1997, by and among ON Marine Services Co. (as borrower), ON Marine Services LLC (as borrower) and National City Bank (as lender); (b) all amendments thereto and extensions thereof; and (c) all security agreements and instruments related to the documents identified in (a) and (b).
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Vessel Term Loan Agreement means, collectively, (a) the Credit Agreement, dated as of July 14, 1997, by and among ON Marine Services Co. and Marine Services, as borrowers, and National City Bank, as lenders and (b) all security agreements and instruments related to the document identified in clause (a), in each case, as the same may have been amended or modified on or prior to the Effective Date and as amended or otherwise modified from time to time in accordance with the terms hereof. EXHIBIT B AMENDED AND RESTATED NOTE $________________ Cleveland, Ohio, July ___, 2005 FOR VALUE RECEIVED, the undersigned, ON MARINE SERVICES COMPANY (formerly known as Oglebay Norton Company), a Delaware corporation, and OGLEBAY NORTON MARINE SERVICES COMPANY, LLC, an Ohio limited liability company, jointly and severally promise to pay to the order of NATIONAL CITY BANK, at the payee's main office in Cleveland, Ohio, the principal sum of ___________________________________________ _______________________________________________ payable in semi-annual installments of interest and principal commencing on July 15, 2005 and continuing on each January 15 and July 15 thereafter, with the principal hereof being paid in accordance with the amortization schedule attached as Exhibit C to the Credit Agreement (as hereinafter defined). This Note shall bear interest at the rates and at the times provided in subsections 2.01 and 2.04 of the Credit Agreement (as hereinafter defined). This Note is issued pursuant to a certain Amended and Restated Credit Agreement between the undersigned and the payee, dated as of July ___, 2005, and as from time to time hereafter further amended and supplemented in accordance with the provisions thereof, by and between the payee and the undersigned, which contains provisions for the acceleration of Maturity of this Note upon the happening of certain events and for certain rights of the undersigned to prepay this Note. This Note replaces the Amended Note dated as of September 30, 2001 (the "Prior Note"), executed by undersigned in favor of the payee pursuant to the terms of the Credit Agreement. This Note evidences the same indebtedness evidenced by the Prior Note. The execution of this Note in no way represents the satisfaction, repayment, novation or cancellation of all or any part of the indebtedness represented by the Prior Note.
Sample 1
Vessel Term Loan Agreement means, collectively, (a) the Credit Agreement, dated as of July 14, 1997, by and among ON Marine Services Co. and Marine Services, as borrowers, and National City Bank, as lenders and (b) all security agreements and instruments related to the document identified in clause (a), in each case, as the same may have been amended or modified on or prior to the Effective Date and as amended or otherwise modified from time to time in accordance with the terms hereof.
Sample 1

Examples of Vessel Term Loan Agreement in a sentence

  • On the Effective Date, the Vessel Term Loan Agreement will be Reinstated in accordance with Section I.A.91.b. In addition, each holder of an Allowed Vessel Term Loan Claim shall be entitled to retain any amounts paid to it or on its behalf as adequate protection (and receive and retain any other amounts that as of the Effective Date are due as adequate protection under the First Final DIP Order, the Second Final DIP Order or any other Final Order of the Bankruptcy Court but not previously paid).

  • On the Effective Date, the Vessel Term Loan Agreement will be Reinstated in accordance with Section I.A.94.b. In addition, each holder of an Allowed Vessel Term Loan Claim shall be entitled to retain any amounts paid to it or on its behalf as adequate protection (and receive and retain any other amounts that as of the Effective Date are due as adequate protection under the First Final DIP Order, the Second Final DIP Order or any other Final Order of the Bankruptcy Court but not previously paid).

Related to Vessel Term Loan Agreement

  • Term Loan Agreement has the meaning assigned to such term in the recitals of this Agreement.

  • Existing Term Loan Agreement means that certain Term Loan Agreement dated as of September 29, 2016 among the Borrower, the Parent, the other guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent, as the same has been or may hereafter be, amended or otherwise modified, together with any replacement or successor term loan facility that Borrower may enter into (including without limitation, any amendment and restatement of the Term Loan Agreement referred to above).

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Existing Term Loan Credit Agreement means the Term Loan Credit Agreement, dated as of August 30, 2012, among the Borrower, Credit Suisse, as administrative agent, and the various lenders and agents party thereto from time to time.

  • Senior Loan Agreement means that certain Term Loan Agreement, dated as of June 26, 2015, by and among Borrower and Senior Lenders, as amended, restated, supplemented or otherwise modified from time to time.

  • Original Loan Agreement has the meaning set forth in the Recitals to this Agreement.

  • Loan Agreement shall have the meaning assigned to such term in the recitals.

  • Bridge Loan Agreement means that certain Senior Unsecured Interim Loan Agreement, dated as of December 20, 2007, among Tribune, the Bridge Lenders, the Former Bridge Loan Agent, JPMorgan Chase Bank, N.A., as syndication agent, and Citicorp North America, Inc. and Bank of America, N.A., as co-documentation agents, as amended, restated, supplemented or otherwise modified from time to time.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Prior Loan Agreement is defined in Recital A.

  • Borrower Loan Agreement means this Borrower Loan Agreement.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Term Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Facility Agreement means the Facility Agreement referred to in Recital (A).

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Underlying Loan Agreement means, with respect to any Loan, the document or documents evidencing the commercial loan agreement or facility pursuant to which such Loan is made.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Whole Loan Agreement Any Reconstitution Agreement in respect of a Whole Loan Transfer.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Construction Loan Agreement means the Construction Loan Agreement between Lender and Borrower for construction on the Land.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Loan Agreements means any other loan agreements entered into by and between the Trust and one or more of the Borrowers pursuant to which the Trust will make Loans to such Borrowers from moneys on deposit in the Project Fund, excluding the Project Loan Account, financed with the proceeds of the Trust Bonds.