DRYDOCK Sample Clauses

DRYDOCK. On or before March 30, 2002, Borrower agrees to deliver to Lender a first preferred ship mortgage and security interest in the Drydock to secure the payment and performance of the Obligations to be documented upon terms and conditions satisfactory to Lender. V. The Loan Agreement is hereby amended by amending and restating Section 4.01 in its entirety: SECTION
Sample 1
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DRYDOCK. 61.1 Dry Docking during a Special Survey (a) EE shall, prior to the Effective Date, provide PREP A with details (including the date) of the most recent dry-docking of the Vessel. (b) Approximately every five (5) years after the dry-docking conducted prior to delivery of the Vessel, the Vessel shall be required to undergo a special survey. (c) In the event that the Vessel was not dry-docked at the time of its then most recent special survey (by agreement with the Classification Society) and PREP A elects to use the Vessel as an LNG Carrier, the Vessel shall be required to undergo a dry-docking before PREP A uses the Vessel as an LNG Carrier (to be conducted during the Vessel's next special survey if that next special survey is scheduled prior to PREP A's use of the Vessel as an LNG Carrier). (d) If a dry-docking would be required under Clause 6l.l(c) above as a result of a PREP A election to use the Vessel as an LNG Carrier, PREP A shall provide one month's written notice to EE of any intention to use the Vessel as an LNG Carrier so that EE can schedule a dry-dock at a shipyard acceptable to EE in its sole discretion. (e) Unless it is commercially impracticable to do so, EE shall schedule dry-dockings in due consideration of prudent operating practices, the safety of the Vessel, her cargo, officers and the crew, PREP A's LNG shipping schedule, and any requested use by PREP A of the Vessel as an LNG Carrier and: (i) the costs and expenses of scheduled and unscheduled dry-dockings shall be paid out of accruals for dry-docking accumulated from the Operating Cost Component; and (ii) the costs and expenses of unscheduled dry-dockings required as a result of a PREPA election to use the Vessel as an LNG Carrier shall (to the extent of insufficient dry-docking accumulations from the Operating Cost Component) be for PREP A's account (with no xxxx-up) provided that PREP A has received full details of the costing of such dry-docking from EE forty-five ( 45) days prior to the relevant dry-docking and approved that costing in advance of the dry- docking. (f) In the event of any dry-docking, EE shall use reasonable efforts to provide a Substitute Vessel if PREPA so requests in accordance with the provisions of Clause 12. The substitution back into service of the Vessel departing dry-dock shall be at EE's discretion subject also to Clause 12.1, provided that where the dry-docking was required due to PREP A wishing to use the Vessel as an LNG Carrier, the Vessel must be su...
Sample 1
DRYDOCK. The Purchaser understands that the Vessel's certifications have expired and have not been renewed. The Purchaser understands that the Vessel must be drydocked and that substantial steel replacement, hull and other work will be required in drydock. However, the Seller makes no warranties, express or implied, as to the costs relating to drydocking of the Vessel. The Purchaser agrees to take the Vessel to a drydock of its choice on or before August 15, 2000. The Purchaser agrees to pay for all costs and expenses relating to the repair and drydock of the Vessel. The Parties agree that the Purchaser shall pay the cost of transporting the Vessel to and from drydock regardless of whether the Purchaser elects to terminate this Agreement.
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DRYDOCK. At a minimum, drydock facility shall meet the following criteria: 1 Lift capacity of 2,001 long tons; 2 Clearance width at drydock floor of 70’-0”; and 3 Keel block height between 4’0” and 7’0”.
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DRYDOCK. Owner, at its expense, shall drydock, clean and maintain the Vessel’s bottom and propeller, and make all overhaul and other necessary repairs properly to maintain the Vessel(s) in class; maintain the Vessel(s) in compliance with F-2 (Condition) above and the warranties of C-3.1 above, and otherwise to keep the Vessel(s) tight, staunch, and strong, and in thoroughly efficient order and condition. For such purpose of drydock, Charterer shall allow Xxxxxx(s) to proceed to an appropriate port upon 60 days’ prior notice to the Contracting Officer. All towage, pilotage, fuel, gas-freeing if required, water, and other expenses incurred while proceeding to and from drydock shall be for Owner’s account.
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DRYDOCK. A First Preferred Ship Mortgage by Borrower granting Lender a preferred ship mortgage and security interest in the Drydock; XXXXXX SHIPYARD
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DRYDOCK. Seller shall in connection with the delivery of the ------- Vessel cause the Vessel to be drydocked at a port in Singapore on or about November 1, 1998 (or such other date as shall be agreed to by Seller and Buyer), with completion of inspection (as contemplated by Section 3(c) hereof), repair and improvements (as contemplated by Section 3(e) hereof) to be completed by or on behalf of the Buyer on or about November 11, 1998. The Buyer shall instruct D. X. Xxxxxxxxx xr such other independent marine surveyor to inspect the Vessel as aforesaid and shall pay such fees as may be required for such purpose. The expenses in connection with putting the Vessel in and taking her out of drydock, including drydock dues shall be paid by the Seller. The independent marine surveyor's fees shall be paid by the Buyer. The Buyer shall undertake the inspection without undue delay to the Vessel. Should the Buyer cause such delay, the Buyer shall compensate the Seller for losses thereby incurred. The Buyer shall inspect the Vessel without significant cost to the Seller. During the inspection, the Vessel's log books for engine and deck shall be made available for the Buyer's examination. If the Vessel is accepted after such afloat inspection, the purchase shall, save as set out in this Agreement, become definite provided the Seller receives written or telexed notice from the Buyer within 48 hours after completion of such inspection. Should notice of acceptance of the Vessel not be received by the Seller as aforesaid, the Deposit shall immediately be released, whereafter this Agreement shall ipso facto cease and ---------- determine and neither party shall have any claim against the other for costs, damages, compensation or otherwise.
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Related to DRYDOCK

  • Vessels (A) All of the vessels described in the Registration Statement, the General Disclosure Package and the Prospectus, except for the Contracted Vessels (each of which a Subsidiary has contracted to acquire), are owned directly by Subsidiaries); each of the vessels listed on Schedule F-1 (the “Owned Vessels”) hereto has been duly registered as a vessel under the laws and regulations and flag of the jurisdiction set forth opposite its name on Schedule F-1 in the sole ownership of the Subsidiary set forth opposite its name on Schedule F-1 and no other action is necessary to establish and perfect such entity’s title to and interest in such vessel as against any charterer or third party; each such Subsidiary has good title to the applicable Owned Vessel, free and clear of all mortgages, pledges, liens, security interests and claims and all defects of the title of record except for those liens arising under Credit Facilities, each as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, and such other encumbrances which would not, in the aggregate, result in a Material Adverse Effect; and each such Owned Vessel is in good standing with respect to the payment of past and current taxes, fees and other amounts payable under the laws of the jurisdiction where it is registered as would affect its registry with the ship registry of such jurisdiction except for failures to be in good standing which would not, in the aggregate, result in a Material Adverse Effect. Upon delivery to and acceptance by the relevant Subsidiary under the MoAs and the Newbuilding Contracts described in the Registration Statement, General Disclosure Package and Prospectus, each of the vessels listed on Schedule F-2 hereto and specified as being under contract (the “Contracted Vessels”) for delivery to and acceptance by a Subsidiary will be duly registered as a vessel under the laws of the jurisdiction set forth opposite its name on Schedule F-2, or under the laws of a generally accepted shipping industry flag jurisdiction, in the sole ownership of the Subsidiary set forth opposite its name on Schedule F-2, on such date, each such Subsidiary will have good title to the applicable Contracted Vessel, free and clear of all mortgages, pledges, liens, security interests, claims and all defects of the title of record, except for any mortgages, pledges, liens, security interests or claims arising from any financing arrangement which the Company or Subsidiary may enter to finance the acquisition of the Contracted Vessel and except such encumbrances which would not, in the aggregate, result in a Material Adverse Effect; and each such Contracted Vessel will be in good standing with respect to the payment of past and current taxes, fees and other amounts payable under the laws of the jurisdiction where it is registered as would affect its registry with the ship registry of such jurisdiction. (B) Each Owned Vessel is, and the Company will use reasonable commercial efforts to ensure that each Contracted Vessel will be, operated in compliance with the rules, codes of practice, conventions, protocols, guidelines or similar requirements or restrictions imposed, published or promulgated by any Governmental Authority, classification society or insurer applicable to the respective vessel (collectively, “Maritime Guidelines”) and all applicable international, national, state and local conventions, laws, regulations, orders, Governmental Licenses and other requirements (including, without limitation, all Environmental Laws), except where such failure to be in compliance would not have, individually or in the aggregate, a Material Adverse Effect. The Company and each applicable Subsidiary are, and with respect to the Contracted Vessels will be, qualified to own or lease, as the case may be, and operate such vessels under all applicable international, national, state and local conventions, laws, regulations, orders, Governmental Licenses and other requirements (including, without limitation, all Environmental Laws) and Maritime Guidelines, including the laws, regulations and orders of each such vessel’s flag state, except where such failure to be so qualified would not have, individually or in the aggregate, a Material Adverse Effect. (C) Each Owned Vessel is, and each Contracted Vessel will be, classed by any of Lloyd’s Register of Shipping, American Bureau of Shipping, Det Norske Veritas or a classification society which is a full member of the International Association of Classification Societies and each Owned Vessel is, and the Company will use reasonable commercial efforts to ensure each Contracted Vessel will be, in class with valid class and trading certificates, without any overdue recommendations.

  • MAINTENANCE & REPAIR Tenant agrees that if there is any delay in maintenance or repairs for reasons beyond Landlord's control, this shall have no effect on Tenant's obligations under this lease.

  • Maintenance & Repairs 5.1 Lessee shall at all times be responsible for maintaining at its own expense the leased premises in a clean, orderly and safety condition, except as hereinafter provided. Lessee shall be responsible, at its own expense, to clean and maintain all trade fixtures, machinery and equipment furnished by Lessee within the leased premises. Lessee shall be responsible to deposit normal office waste and rubbish at a location at the Central School as designated by Lessor. 5.2 Lessee shall be responsible to perform all repairs the need for which is caused by Xxxxxx's use of the premises except that Lessor shall be responsible to perform major repairs of a structural nature. Lessor shall be responsible to arrange for removal of waste and rubbish from the location designated as the deposit location for lessees. All costs incurred by Lessor pursuant to the obligations of this Paragraph shall be included within "operating costs". 5.3 Lessor shall provide custodian services for the common areas of Central School. Costs incurred by Lessor in providing such custodian services shall be included within "operating costs".

  • Equipment Cleaning (a) Areas, known by Forest Service prior to timber sale advertisement, that are infested with invasive species of concern are shown on Sale Area Map. A current list of invasive species of concern and a map showing the extent of known infestations is available at the Forest Supervisor’s Office. For purposes of this provision, “Off-Road Equipment” includes all logging and construction machinery, except for log trucks, chip vans, service vehicles, water trucks, pickup trucks, cars, and similar vehicles.

  • Planned Maintenance (a) Subject to any modification or amendment of this Agreement made pursuant to Section 4.2(c) or Section 7.3(d), Planned Maintenance occurring during the Delivery Term shall be coordinated and scheduled in accordance with this Section 9.6. Seller shall perform all Planned Maintenance (including Major Planned Maintenance) in a manner that optimizes the generation and benefits to Buyer of the Contract Energy, Storage Energy, and other Products (e.g., during off-peak periods and low-irradiance periods) and, without limiting the foregoing, either (i) outside of Daylight Hours or (ii) during the months of October and November only, during Daylight Hours; provided, however, that the foregoing restrictions shall not apply to any Planned Maintenance that Seller is required to perform pursuant to any applicable manufacturer warranty that cannot reasonably be performed by Seller subject to such restrictions. (b) Seller shall deliver to Buyer a proposed schedule for Planned Maintenance in respect of each Contract Year (“Planned Maintenance Schedule”) no later than ninety (90) Days before the start of such Contract Year. Planned Maintenance Schedules submitted by Seller shall (i) comply with the second sentence of Section 9.6(a) and (ii) include reasonably detailed descriptions of the Planned Maintenance to be performed, the Days and times in which each type of Planned Maintenance is scheduled to be performed, the estimated amount(s) of Contract Capacity and Storage Capacity that will be unavailable due to Planned Maintenance and the total number of hours that Seller expects that the Contract Capacity and Storage Capacity will be unavailable due to Planned Maintenance. The general form for the Planned Maintenance Schedule is set forth in Schedule 9.6. (The Planned Maintenance descriptions reflected in the general form set forth in Schedule 9.6 are provided for indicative purposes only, and are not necessarily representative of the detail, time periods, or certainty required for a Planned Maintenance Schedule hereunder.) (c) Buyer shall have the right to disapprove, in its reasonable discretion (provided that Buyer shall have the right to disapprove, in its sole and absolute discretion, any Planned Maintenance proposed by Seller that is inconsistent with the terms of this Agreement), any Planned Maintenance set out in any Planned Maintenance Schedule proposed by Seller for any Contract Year, except for any Planned Maintenance that (i) is scheduled to occur outside of Daylight Hours or during Daylight Hours during the months of October and November or (ii) Seller is required to perform pursuant to any applicable manufacturer warranty and that is scheduled to occur in compliance with Section 9.6(a). If Seller submits its Planned Maintenance Schedule for a Contract Year in accordance with the requirements of this Agreement and Buyer does not disapprove of any Planned Maintenance set out in such Planned Maintenance Schedule by sixty (60) days after submission, then such Planned Maintenance Schedule shall be deemed approved. If Buyer, in the exercise of its discretion as set forth above, disapproves any Planned Maintenance in such Planned Maintenance Schedule within the applicable time period specified above after its submission, Buyer shall notify Seller and the Parties shall use Commercially Reasonable Efforts to agree upon and finalize a mutually acceptable Planned Maintenance Schedule for the applicable Contract Year. Seller shall conduct Planned Maintenance during such Contract Year only in accordance with an agreed Planned Maintenance Schedule; provided, however, that Seller may (A) move Planned Maintenance included in an agreed Planned Maintenance Schedule that is not Major Planned Maintenance, so long as such move is consistent with the terms of this Agreement (including the second sentence of Section 9.6(a)) or, with respect to Major Planned Maintenance, if such Major Planned Maintenance is scheduled to occur outside of Daylight Hours or during Daylight Hours during the months of October and November and (B) schedule and perform Planned Maintenance not reflected in the Planned Maintenance Schedule so long as such Planned Maintenance is scheduled to be performed outside of Daylight Hours or during Daylight Hours during the months of October and November and Seller provides Buyer at least two (2) weeks’ prior written notice of such Planned Maintenance; provided further that Buyer shall have the right to advise Seller of periods when Buyer prefers, based on solar irradiance, supply, market and other conditions, that any Major Planned Maintenance be deferred, and Seller shall use Commercially Reasonable Efforts to comply with such request. (d) Seller shall use Commercially Reasonable Efforts to complete any Planned Maintenance and place the Facility back into full commercial operation as soon as reasonably possible. If Seller determines that any Planned Maintenance scheduled in an agreed Planned Maintenance Schedule no longer needs to be completed or will not consume the entire time scheduled therefor in the agreed Planned Maintenance Schedule, Seller shall provide (i) a Generation Forecast to Buyer reflecting the forecasted amount of Delivered Energy during each affected interval that takes into account such change and (ii) in the case of any Major Planned Maintenance, a written notice declaring the cessation and termination of the applicable Major Planned Maintenance period (in which event, the Major Planned Maintenance period shall terminate in accordance with the terms of such Generation Forecast and written notice).

  • Aircraft This peril includes self-propelled missiles and spacecraft.

  • Aircraft Maintenance Operator shall, at its own expense, cause the Aircraft to be inspected, maintained, serviced, repaired, overhauled, and tested in accordance with FAR Part 91 so that the Aircraft will remain in good operating condition and in a condition consistent with its airworthiness certification and shall take such requirements into account in scheduling the Aircraft hereunder, including but not limited compliance with applicable airworthiness directives and service bulletins. Performance of maintenance, preventive maintenance or inspection shall not be delayed or postponed for the purpose of scheduling the Aircraft unless such maintenance or inspection can safely be conducted at a later time in compliance with applicable laws, regulations and requirements, and such delay or postponement is consistent with the sound discretion of the pilot-in-command. In the event that any non-standard maintenance is required during the term and will interfere with User’s requested or scheduled flights, Operator, or Operator’s pilot-in-command, shall notify User of the maintenance required, the effect on the ability to comply with User’s requested or scheduled flights and the manner in which the parties will proceed with the performance of such maintenance and conduct of such flight(s). In no event shall Operator be liable to User or any other person for loss, injury or damage occasioned by the delay or failure to furnish the Aircraft under this Agreement, whether or not maintenance-related.

  • MAINTENANCE, REPAIR, AND RULES Tenant will, at Tenant’s sole expense, keep and maintain the Property in a good, clean and sanitary condition and repair during the term of this Agreement and any renewal thereof. Tenant shall be responsible to make all repairs to the Property, fixtures, appliances, and equipment therein that may have been damaged by Tenant’s misuse, waste or neglect, or that of the Tenant’s family or visitors. Tenant agrees that no painting will be done on or about the Property without the prior written consent of Landlord. Tenant shall promptly notify Landlord of any damage, defect or destruction of the Property or in the event of the failure of any of the appliances or equipment. The Landlord will use their best efforts to repair or replace any such damaged or defective areas, appliances or equipment.

  • Operating Hours Subject to Building Rules and Regulations and such security standards as Landlord may from time to time adopt, the Building shall be open to the public during the Building Operating Hours and the Premises shall be open to Tenant during hours other than Building Operating Hours.

  • Delivery Location All Goods shall be delivered to the address specified in this Order (the "Delivery Location") during Buyer's normal business hours or as otherwise instructed by Buyer.

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