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" ... the vessel determined jointly by the Secretary of the Treasury and the Secretary of Commerce; (6) the loan agreement for the making of the loan secured by the mortgage, or the mortgage, provides that the underwriter or mortgagee will disburse the... "
Standby Mortgage Legislation - Page 47
by United States. Congress. Senate. Committee on Interstate and Foreign Commerce. Subcommittee on Merchant Marine and Fisheries - 1959 - 49 pages
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Financing of Ship Construction

United States. Congress. House. Merchant Marine and Fisheries - 1959 - 102 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes : (a) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any such payment is to reimburse the operator...
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The Merchant Marine Act, 1936, Merchant Ship Sales Act, 1946, Merchant ...

United States. Congress. Senate. Interstate and Foreign Commerce - 1960 - 276 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes: (a) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any such payment is to reimburse the operator...
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Laws Relating to Shipping and Merchant Marine

United States - 1960 - 924 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes: (a) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any such payment is to reimburse the operator...
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Hearings, Reports and Prints of the Senate Committee on Commerce

United States. Congress. Senate. Committee on Commerce - 1966 - 1094 pages
...fund, if he is a subsidized operator, and in a construction reserve fund, if he is an unsubsidized operator; if any deposit is made in a capital reserve...any reason such payments do not exhaust the deposit, then to pay off the loan secured by the mortgage that is to be insured; •'(which specifics the maximum...
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Draft of Proposed Merchant Marine Act of 1966, Prepared for the Use of the ...

United States. Congress. Senate. Commerce - 1966 - 328 pages
...fund, if he is a subsidized operator, and in a construction reserve fund, if he is an unsubsidized operator; if any deposit is made in a capital reserve fund, or construction reserve fund under [(c)] (C) hereof, such deposit may be withdrawn only to pay one of the components of actual cost of the vessels...
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The Merchant Marine Act, 1936, the Shipping Act, 1916: And Related Acts, as ...

United States, United States. Congress. House. Committee on Merchant Marine and Fisheries - 1966 - 316 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes: (a) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any such payment is to reimburse the operator...
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Maritime Legislation (consolidation of Shipping Laws; Restricting Cargo ...

United States. Congress. Senate. Commerce - 1966 - 188 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes: (A) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any such payment is to reimburse the operator...
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Hearings, Reports and Prints of the House Committee on Merchant Marine and ...

United States. Congress. House. Committee on Merchant Marine and Fisheries - 1966 - 658 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes: (a) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any sucli payment is to reimburse the operator...
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Laws Relating to Shipping and Merchant Marine, Volume 1

United States - 1968 - 1086 pages
...fund, if he is a subsidized operator, and in a construction reserve fund, if he is an unsubsidized operator ; if any deposit is made in a capital reserve...withdrawn only to pay one of the components of actual cost pi the, vessels that are to be constructed, reconstructed, or reconditioned, or if for any reason such...
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The Insurance Industry: Hearings Before the Subcommittee on Antitrust and ...

United States. Congress. Senate. Committee on the Judiciary - 1968 - 372 pages
...the underwriter or mortgagee will disburse the loan for one or more of the following purposes: (a) to pay one of the components of actual cost of the vessels to be constructed, reconstructed, or reconditioned and, if any such payment is to reimburse the operator...
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