Bareboat Charter Clause Samples

Bareboat Charter not without the prior written consent of the Security Trustee and, if such consent (which consent not to be unreasonably withheld or delayed) is given only subject to the conditions as specified in clause 8.2.8 of the Loan Agreement, to let the Ship under any Bareboat Charter.

Bareboat Charter. (a) Pursuant to the Bareboat Charter Party of even date between the Buyers (as owners) and the Sellers (as charterers) (as the same may be amended, supplemented and varied from time to time, the "Bareboat Charter"), the Buyers have agreed to let and the Sellers have agreed to hire the Vessel upon and subject to the terms and conditions therein. (b) The Sellers’ obligation to sell the Vessel to the Buyers and the Buyers’ obligation to purchase the Vessel from the Sellers pursuant to this Agreement is conditional upon and subject to the execution of the Bareboat Charter by both the Sellers and Buyers simultaneously with this Agreement. (c) The Buyers shall simultaneously with the delivery of the Vessel under this Agreement, be obliged to deliver the Vessel to the Sellers upon and subject to the terms of the Bareboat Charter.

Bareboat Charter. LYC agrees and hereby does charter the Vessel to Charterer “bareboat”. ▇▇▇▇▇▇▇▇▇ shall, at his/her own expense, crew, maintain, navigate, operate, provision, and supply the Vessel and shall have full control over the Vessel within the terms and conditions of this Charter.

Bareboat Charter. This is a bareboat charter agreement which means, among other things, that no captain is provided. You are solely responsible for all aspects of Vessel operation including sailing, provisioning, mooring, anchoring, fueling and navigating. We reserve the right to require a demonstration of your seamanship and navigational skills prior to your depar- ture with the Vessel, but have no obligation to require such demonstration or to evaluate your ability to operate the Vessel safely and you undertake full and complete responsibility for the safe operation of the Vessel at all times during the charter. We have the right to cancel the charter and refund your money or, alternatively, require you to change to a captained charter if, in our sole discretion, you do not demonstrate the seamanship and navigational skills required to safely operate the Vessel.

Bareboat Charter. If the Bareboat Charter is terminated, cancelled or repudiated or is not in force at any time during the period of its duration or if the Bareboat Charterer defaults in the performance of any of its material obligations under or pursuant to the Bareboat Charter.

Bareboat Charter. In consideration of the rental fees and strict adherence to this Rental Agreement, LESSEE shall be permitted to utilize the watercraft and equipment on a “bareboat charter” basis. LESSEE is free to designate or hire, at LESSEE’s own expense and direction, a captain and/or crew of their own choosing. However, any captain and/or crew hired or designated by LESSEE must be identified and included as a LESSEE on this Rental Agreement, and shall be physically and mentally fit and legally allowed to operate the rented watercraft consistent with this Rental Agreement. Such captain and/or crew shall not be considered employees or under the direction of LESSOR.

Bareboat Charter. The MLP and Ocean Rig shall cause each of Drillship Skyros Owners II Inc. and Ocean Rig Global Chartering Inc., respectively, to enter into the Bareboat Agreement immediately prior to the Effective Time.

Bareboat Charter the Agent shall have received a copy, certified by an officer of each of the Borrower and the Operating Entity, of the Bareboat Charter between the Borrower and the Operating Entity;

Bareboat Charter. The Borrower (as owner) shall, by the date of this Agreement, enter into the Bareboat Charter, such Bareboat Charter to be in form and substance, and on terms and conditions, satisfactory to the Lender in all respects.