VPCM definition
Examples of VPCM in a sentence
This Note is the Note referred to and secured by the Amended, Restated and Consolidated Mortgage and Security Agreement of even date herewith between ▇▇▇▇▇▇▇▇, as mortgagor, and ▇▇▇▇▇▇ and VPCM, as mortgagee, to be recorded in the real estate records of Bergen County, New Jersey (the “Instrument”) and is secured by the Property.
The Existing Assignment has been assigned by The Prudential Insurance Company of America to The Prudential Insurance Company of America and VPCM, LLC, and is hereby amended, replaced and restated in its entirety by this Assignment.
This Note is the Note referred to and secured by the Amended, Restated and Consolidated Mortgage and Security Agreement of even date herewith between Borrower, as mortgagor, and Lender and VPCM, as mortgagee, to be recorded in the real estate records of Bergen County, New Jersey (the “Instrument”) and is secured by the Property.
VPCM and the Provider both acknowledge that other people will be using the common user areas of Station Pier and West Finger Pier in addition to VPCM and the Provider.
The Owner's liability to indemnify VPCM shall be reduced proportionately to the extent that a negligent act or omission of VPCM contributed to the loss, damage, death or injury.
The Shipping Agent must at all times cooperate with VPCM and other users of Port Facilities, the Common User Wharves and Common User Terminals, at least to the extent that such cooperation is necessary to ensure compliance with all Legislative Requirements, including the MTOFSA.
The Provider may be required to comply with directions given by VPCM in respect of that marine safety plan.
The Provider must pay or reimburse VPCM on demand for any reasonable costs incurred by VPCM in connection with remedying the breach.
In the event that a Vessel is temporarily immobilised at the Common User Wharves with prior approval of VPCM, VPCM shall provide the Owner or the Shipping Agent with reasonable notice of its requirement that the Vessel vacate the Common User Wharves.
If the Owner does not pay the relevant Port Charge in accordance with this Agreement, the Owner will be liable to VPCM for interest on the unpaid Port Charge at the interest rate fixed from time to time pursuant to section 2 of the Penalty Interest Rates Act 1983 (Vic).