Relevant Ships definition

Relevant Ships means any or all of them, as the context may require;
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Relevant Ships means, together, the-Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned (directly or indirectly) by, or chartered to, any Security Party or HoldCo and “Relevant Ship” means any of them;
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Relevant Ships has the meaning given such term in the definition of “Total Market Value Adjusted Assets” in Clause 1.2;
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Examples of Relevant Ships in a sentence

  • All costs in connection with the Mortgagee obtaining any valuation of each of the Relevant Ships referred to in clause 7.3.1 shall be borne by the Owner.

  • The value of each of the Relevant Ships determined in accordance with the provisions of this clause 7.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

  • Each of the Relevant Ships shall, for the purposes of this clause 7, be valued in Dollars as and when the Mortgagee shall require.

  • The value of each of the Relevant Ships determined in accordance with the provisions of this paragraph 10.3 shall be binding upon the parties hereto for the purposes of calculating the Total Market Value Adjusted Assets until such time as any further such valuations shall be obtained.

  • All costs in connection with the Beneficiary obtaining any valuation of each of the Relevant Ships referred to in paragraph 10.3.1 of this Guarantee shall be borne by the Guarantor.

  • Each of the Relevant Ships shall, for the purposes of this paragraph 10, be valued in United States Dollars as and when the Beneficiary shall require.

  • Apart from a relatively small category of ships mentioned below, all tankers will be Relevant Ships if they are of 29,548 tons or less and are insured by an International Group Club.

  • Each of the Relevant Ships shall, for the purposes of this paragraph [10], be valued in United States Dollars as and when the Beneficiary shall require.

  • The reduction of the Loan shall be achieved by the Borrower procuring the sale of the Relevant Ships and other Ships by the Relevant Owners and other Owners and the application of the entire sale proceeds of the Relevant Ships and other Ships in prepayment of the Loan.

  • Apart from a relatively small category of ships mentioned below, all tankers will be Relevant Ships if they are insured by an International Group Club.


More Definitions of Relevant Ships

Relevant Ships means m.v. “ENERGY 1”, m.v. “MSC OSLO” and m.t. “ARIUS” or where the context so requires or permits, means any or all of them;
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Related to Relevant Ships

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Relevant Authorities means any governmental or statutory authority with the