Additional Conditions with Respect to the Closing Date. On the Closing Date the Charterer shall not accept the Vessels on the Shipowner’s behalf or charter the same under the Demise Charter, and the Owner Participant shall not be obligated to advance funds to enable the Shipowner to acquire the Vessels or make any payment with respect thereto, unless all the following conditions shall have been fulfilled on or prior to the Closing Date:
Appears in 2 contracts
Samples: Agreement to Acquire and Charter (Teco Energy Inc), Agreement to Acquire and Charter (Tampa Electric Co)
Additional Conditions with Respect to the Closing Date. On the Closing Date the Date, each Charterer shall not accept the Vessels on the Shipowner’s behalf or charter the same under the applicable Demise Charter, and the Owner Participant shall not be obligated to advance funds to enable the Shipowner to acquire the Vessels or make any payment with respect thereto, unless all the following conditions shall have been fulfilled on or prior to the Closing Date:
Appears in 2 contracts
Samples: Agreement to Acquire and Charter (Tampa Electric Co), Agreement to Acquire and Charter (Teco Energy Inc)
