Preferred Ship Mortgages definition

Preferred Ship Mortgages means (a) that certain First Preferred Fleet Mortgage dated as of November 12, 1996, executed by Borrower, as owner and mortgagor, to and in favor of BANK ONE, TEXAS, N.A., as mortgagee, which creates a Lien on certain of the Drilling Rigs as security for the Obligations, and any and all amendments, modifications, and supplements, renewals, extensions, or restatements thereof, and (b) and any other mortgage or other security agreement which creates a Lien on any Drilling Rig as security for the Obligations.
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Preferred Ship Mortgages each of the amended and restated preferred ship mortgages made by any Loan Party in favor of the Administrative Agent for the benefit of the Secured Parties, as described in Schedule 1.1(b), which preferred ship mortgages shall be substantially in the form of Exhibit D, as the same may be further supplemented, modified, amended, extended or supplanted from time to time.
Sample 1
Preferred Ship Mortgages means (i) the preferred ship mortgage on the Tunica Vessel, dated as of the Issue Date, by and between Barden Mississippi Gaming, LLC and the Trustee, and (ii) the preferred ship mortgage on The Majestic Star Casino Vessel, dated as of the Issue Date, by and between the Company and the Trustee.
Sample 1

Examples of Preferred Ship Mortgages in a sentence

  • The Borrower lawfully owns and is lawfully possessed of the whole of the Vessel free from any lien whatsoever except the lien of this Mortgage, and liens expressly permitted herein and other Preferred Ship Mortgages in favor of the Government, and covenants that it will warrant and defend the title and possession thereto and every part thereof for the benefit of the Government against the claims and demands of all persons whomever.

  • Notwithstanding that the right to fly the Flag of the Republic shall have been withdrawn during the period of bareboat charter registration in the foreign State, in the event that the vessel remains subject to one or more Preferred Ship Mortgages recorded under this Title, such mortgage shall, unless satisfied, released or discharged of record, remain in full force and effect and be governed solely and exclusively by the laws of the Republic of the Marshall Islands.

  • Consent of mortgagee.In the event that the vessel is subject to one or more Preferred Ship Mortgages of the Republic, the written consent of each mortgagee to the foreign bareboat charter registration shall be duly filed prior to issuance of a Certificate of Permission under Section 272 of this Chapter.

  • The Administrative Agent shall have received evidence of recording of the First Preferred Ship Mortgages with the U.S. Coast Guard National Vessel Documentation Center.

  • Each Collateral Document, including the First Preferred Ship Mortgages and Assignment of Insurances, creates in favor of the Administrative Agent or the Mortgage Trust on behalf of the Secured Parties a Lien that has attached in the Collateral secured thereby.

  • The Company shall have the right, from time to time, without any release from or consent by or notice to the Trustee, (a) to sell or otherwise dispose of and to permit any sale or other disposition of, free from the Lien of this Indenture and the First Preferred Ship Mortgages, any Incidental Asset and any investment, security or instrument (other than Capital Stock of a Guarantor) pursuant to Section 4.09(c).

  • For the second session, questions such as how to determine what type of assistance was appropriate for a particular country, were relevant.

  • As set forth in the Final DIP Order, such Second Preferred Ship Mortgages and any other Perfection Documents shall be deemed for all purposes and all priorities of the Chapter 11 Cases and, to the extent permitted in the applicable foreign jurisdictions, to have been obtained, entered into, given, recorded, or filed, as of June 20, 2013.

  • Despite Plaintiff’s averment that it still “heavily dispute[s] the validity of the two Preferred Ship Mortgages [and] entitlement to the subject funds” in the Court’s Registry, neither Party denied that the Librati PSM was extinguished on July 1, 2021.

  • This Contract, including Parts I and II of this Contract, contains the entire agreement between the parties with respect to the subject matter hereof and all prior or contemporaneous agreements or understandings whether written or oral are merged into this Contract.


More Definitions of Preferred Ship Mortgages

Preferred Ship Mortgages means the Preferred Ship Mortgages referred to on Schedule 1.1E, as amended and restated on the Closing Date to be substantially in the form of Exhibit J, and each additional preferred ship mortgage hereafter delivered to the Administrative Agent pursuant to Section 5.10.
Sample 1
Preferred Ship Mortgages means the First Preferred Ship Mortgage on each barge comprising the Casino Vessel to be executed by Premier in favor of the Trustee for the benefit of the Holders of the Notes pursuant to Section 4.24 hereof each in the form attached hereto as EXHIBIT K, or as amended from to time in accordance with Article 9 hereof.
Sample 1
Preferred Ship Mortgages the preferred ship mortgages referred to on Schedule 1.1(c), substantially in the form of Exhibit H, as may be supplemented, modified, amended extended or supplanted from time to time.
Sample 1
Preferred Ship Mortgages. (i) each of the preferred ship mortgages made by any Loan Party in favor of the Administrative Agent for the benefit of the Secured Parties, which preferred ship mortgages shall be amended as of the date hereof by an amendment substantially in the form of Exhibit H-1, as the same may be further supplemented, modified, amended, extended or supplanted from time to time, and (ii) each of the preferred ship mortgages made by a Loan Party in favor of the Administrative Agent for the benefit of the Secured Parties, which preferred ship mortgages shall be substantially in the form of Exhibit H-2, as the same may be further supplemented, modified, amended, extended or supplanted from time to time.
Sample 1
Preferred Ship Mortgages shall have the meaning ascribed thereto in Section 3.09(a).
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Related to Preferred Ship Mortgages

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Drilling Netherlands BV NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Drilling (Malaysia) I SDN, a private company limited by shares duly incorporated with limited liability under the laws of Malaysia (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessels AQUAMARINE DRILLER and TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • Existing Mortgages means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Preferred ’ means any of the above securities that are publicly traded on a recognized securities exchange and the securities have a rating of ‘‘A’’ or above. If the securities are not ‘‘Preferred,’’ they are listed as ‘‘Other.’’

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Senior Security Documents means with respect to any Senior Secured Party, the Security Documents that secure the Senior Obligations.

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • Mortgage Instruments means such title reports, title insurance, opinions of counsel, surveys, appraisals and environmental reports as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.

  • Mortgage Amendments as defined in Section 6.11(a).

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • Series C or "Series C Equipment Notes" means Equipment Notes issued and designated as "Series C" hereunder, in the Principal Amount and maturities and bearing interest as specified in Section 2.02 and Schedule I hereto under the heading "Series C."

  • Share Pledge Agreement has the meaning given such term in the definition of Collateral and Guaranty Requirements.

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Borrower or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

  • Senior Secured Notes Documents means the Senior Secured Notes Indenture and the other transaction documents referred to therein (including the related guarantee, the notes and the notes purchase agreement).

  • mortgage agreement ’ means the note or debt instrument and the mortgage instrument, deed of trust instrument, trust deed, or instru- ment or instruments creating the mortgage, including any instrument incorporated by ref- erence therein (including any applicable regu- latory agreement), and any instrument or agreement amending or modifying any of the foregoing;

  • Series A or “Series A Equipment Notes” means Equipment Notes issued and designated as “Series A Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series A Equipment Notes” and bearing interest at the Debt Rate for Series A Equipment Notes specified in Schedule I to the Indenture.