Charter Agreements Clause Samples

Charter Agreements. The Company shall have delivered to the Purchaser a duly executed copy of the Data License Agreement and Service Order substantially in the form attached hereto as Exhibit E (the “Charter Agreements”).

Charter Agreements. Immediately prior to the delivery date of New-Build 3, NBC shall enter into a "NewCo 3 Head Charterparty" with NewCo 3 pursuant to which NBC shall charter from NewCo 3 the New-Build 3 for a period of five (5) years at the rate of USD 11,350 per day plus any NewCo 3 Profit Share Amount earned pursuant to the NewCo 3 Profit Sharing Addendum. NBC shall earn a 1.25% address commission pursuant to the terms of the NewCo 3 Head Charterparty. Bulk Partners (Bermuda) Ltd. shall guarantee the full and timely performance by NBC of any and all of its obligations and liabilities under the NewCo 3 Head Charterparty. Notwithstanding the above principal terms, as well as, the terms of the NewCo 3 Profit Sharing Addendum mentioned in clause 3.18 herein, the NewCo 3 Head Charterparty shall have the same content, form and aspects with the BN Odyssey Head Charterparty

Charter Agreements. Each of the Charter Agreements entered into by the Company or any of its subsidiaries and described or referred to in the Registration Statement, the Time of Sale Prospectus or the Prospectus is in full force and effect; to the Company’s knowledge, none of the Charter Parties is in breach or violation of, or in default under (nor has any event occurred which with notice, lapse of time, or both would result in any breach or violation of, or constitute a default under) any such Charter Agreement; neither the Company nor any of its subsidiaries nor, to the Company’s knowledge, any Charter Party has the right to terminate any Charter Agreement prior to the termination of its stated term, and no event or circumstance has occurred which, with notice, lapse of time or both, would create such a right; and neither the Company nor any of its subsidiaries has received, or been threatened with, a termination notice from any Charter Party or any other party with respect to a Charter Agreement, nor is the Company aware that any person or entity intends to furnish such a notice.

Charter Agreements. The Purchaser shall have delivered to the Company a copy of the Charter Agreements, duly executed by the Purchaser.

Charter Agreements. Each of the Charter Agreements entered into by the Company or any of its subsidiaries and described or referred to in the Registration Statement, the Time of Sale Prospectus or the Prospectus is in full force and effect; to the Company’s knowledge, none of the Charter Parties is in breach or violation of, or in default under (nor has any event occurred which with notice, lapse of time, or both would result in any breach or violation of, or constitute a default under) any such Charter Agreement; and neither the Company nor any of its subsidiaries has received any written termination notice from any Charter Party with respect to a Charter Agreement, nor is the Company aware that any person or entity intends to furnish such notice.