Assignment of Earnings and Insurances shall have the meaning provided in the definition of “Collateral and Guaranty Requirements”.
Assignment of Earnings and Insurances means the assignment between the Owner and the Indenture Trustee, as amended from time to time in accordance with the terms thereof, pursuant to which the Owner collaterally assigns to the Indenture Trustee all of the Owner's right, title and interest in, to and under the freights and hires (as well as any charters entered into after the Delivery Date) with respect to the Vessel to secure its obligations under the Indenture.
Assignment of Earnings and Insurances means an assignment of earnings and insurances to be entered into by the Borrower in favour of the Security Trustee pursuant to paragraph 2, Part 2 of the First Schedule;
Examples of Assignment of Earnings and Insurances in a sentence
In consideration of our making the Credit available to you, you agree to enter into the Mortgage and (where required by us) the Deed of Assignment of Earnings and Insurances.
You hereby agree to reimburse the Lender for all and any costs and expenses reasonably incurred by it (or by its agent or sub-contractor) in registering the Boat, the Mortgage and the Deed of Assignment of Earnings and Insurances.
First priority mortgage and related collateral (Assignment of Earnings and Insurances etc.) on the vessel “Rainbow N”.
More Definitions of Assignment of Earnings and Insurances
Assignment of Earnings and Insurances means the assignment of earnings and insurances of the Vessels in such form as the Lender may agree or require in its reasonable discretion, and in the plural means all of them;
Assignment of Earnings and Insurances means, with respect to a Vessel, one or more assignments between a Liner, manager, bareboat charterer, Borrower, Guarantor or any other Person that has a leasehold interest or ownership interest in a Vessel or control over the Earnings or Insurances with respect to such Vessel and the Agent, on behalf of the Lenders, as the same from time to time may be amended, restated, supplemented, renewed or otherwise modified, in each case in accordance with the terms thereof, pursuant to which such Person assigns to the Agent, on behalf of the Lenders, all of its right, title and interest in, to and under the Earnings and Insurances with respect to such Vessel.
Assignment of Earnings and Insurances means either of them;
Assignment of Earnings and Insurances means an assignment between the Borrower and the Agent, on behalf of the Lenders, as the same from time to time may be amended, restated, modified, supplemented or renewed, in each case in accordance with the terms thereof, pursuant to which the Borrower assigns to the Agent, on behalf of the Lenders, all of its right, title and interest in, to and under the Earnings and Insurances with respect to the Vessel.
Assignment of Earnings and Insurances means, in respect of each Vessel, the assignment of earnings and insurances thereof in such form as the Lender may agree or require in its sole discretion, and in the plural means all of them;
Assignment of Earnings and Insurances means, with respect to a Vessel, an assignment between the Shipowners and the Mortgagee, as the same from time to time may be amended, restated, modified, supplemented or renewed, in each case in accordance with the terms thereof, pursuant to which the Shipowners assign to the Mortgagee, on behalf of the Collateral Agent, the Agent, the Lenders, the Trustee and the Noteholders, all of its right, title and interest in, to and under the Earnings and Insurances with respect to their respective Vessels.
Assignment of Earnings and Insurances means the assignment of earnings and insurances relating to the Vessel presently known as MT Stavanger Sun dated 27 November 1997 between Stavanger Sun Ltd as Owner and the Security Trustee.