GENERAL AND PARTICULAR AVERAGE Sample Clauses

GENERAL AND PARTICULAR AVERAGE. Whenever necessary, average adjusters shall be appointed by the Charterer, who shall, at the Charterer's sole cost and expense, attend to the settlement and collection of both general and particular average losses.
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GENERAL AND PARTICULAR AVERAGE. General average if any shall be adjusted according to the York-Antwerp Rules 1994 or any subsequent modification thereof current at the time of the casualty.
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GENERAL AND PARTICULAR AVERAGE. 24- 28. SALVAGE . . . . . . . . . . . . . . . . -24- 29. AUDIT . . . . . . . . . . . . . . . . . -24- 30. DEFAULT . . . . . . . . . . . . . . . . -24- 31. REMEDIES. . . . . . . . . . . . . . . . -25- 32. MISCELLANEOUS . . . . . . . . . . . . . -27- Appendix A TECHNICAL DESCRIPTION AND DESIGN BASIS Appendix B-1 FORM OF JOINT VENTURER GUARANTEE AND INDEMNITY Appendix B-2 FORM OF LESSOR PARENT COMPANY GUARANTEE AND INDEMNITY Appendix C PURCHASE OPTION PRICE BAREBOAT CHARTER This Bareboat Charter (this "Agreement"), made and entered into as of the 9th day of February 1996, by and between Tantawan Production B.V., a Netherlands corporation("Lessor"), and Tantawan Services, L L C, a Delaware limited liability company ("Charterer"), acting through its Thai branch.
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GENERAL AND PARTICULAR AVERAGE. General average, if any, shall be adjusted, stated, and settled according to the York-Antwerp Rules (2004) or any subsequent modification thereof current at the time of the relevant casualty. The DAILY COMPENSATION FEE shall not contribute to general average. A company approved by both PARTIES shall be appointed average adjuster to attend to the settlement and collection of both general and particular average losses subject to customary charges. OWNER and COMPANY jointly agree to assist the adjuster in preparing the average statement and to take all other possible measures to protect the interests of OWNER, FPSO and COMPANY.
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GENERAL AND PARTICULAR AVERAGE. General average, if any, shall be adjusted, stated, and settled according to the York-Antwerp Rules (2004) or any subsequent modification thereof current at the time of the relevant casualty. The DAILY COMPENSATION FEE shall not contribute to general average. A company approved by both PARTIES shall be appointed average adjuster to attend to the settlement and collection of both general and particular average losses subject to customary charges. CONTRACTOR, COMPANY jointly agree to assist the adjuster in preparing the average statement and to take all other possible measures to protect the interests of CONTRACTOR, and COMPANY.
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GENERAL AND PARTICULAR AVERAGE. 25 28. SALVAGE............................................................................................... 25 29. AUDIT................................................................................................. 25 30. DEFAULT............................................................................................... 26 31. REMEDIES.............................................................................................. 26 32. MISCELLANEOUS......................................................................................... 28 Appendix A TECHNICAL DESCRIPTION AND DESIGN BASIS Appendix B1 FORM OF JOINT VENTURER GUARANTEE AND INDEMNITY Appendix B2 FORM OF LESSOR PARENT COMPANY GUARANTEE AND INDEMNITY Appendix C1 Appendix C2
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GENERAL AND PARTICULAR AVERAGE. 28 28. SALVAGE............................................................................................... 28 29. AUDIT................................................................................................. 29 30. DEFAULT............................................................................................... 29 31. REMEDIES.............................................................................................. 29 32. MISCELLANEOUS......................................................................................... 32 Appendix A TECHNICAL DESCRIPTION AND SPECIFICATIONS Appendix B-1 FORM OF LESSOR PARENT COMPANY GUARANTY AND INDEMNITY Appendix B-2 FORM OF PERFORMANCE GUARANTY Appendix C-1 PURCHASE PRICE Appendix C-2 PURCHASE PRICE Appendix D-1 INITIAL PERFORMANCE TESTS Appendix D-2 FINAL PERFORMANCE TESTS Appendix E QUIET ENJOYMENT LETTER
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GENERAL AND PARTICULAR AVERAGE. Average adjusters, appointed by Chaxxxxxx xxom a list of adjusters satisfactory to Owner, shall attend to the settlement and collection of both general and particular average losses subject to the customary charges. Chaxxxxxx xxrees to assist the adjuster in preparing the average statement and to take all other possible measures to protect the interests of the Vessel and Owner.
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GENERAL AND PARTICULAR AVERAGE. General average, if any, shall be adjusted, stated, and settled according to the York-Antwerp Rules (2004) or any subsequent modification thereof current at the time of the relevant casualty. The DAILY COMPENSATION FEE shall not contribute to general average. A company approved by both PARTIES shall be appointed average adjuster to attend to the settlement and collection of both general and particular average losses subject to customary charges. OWNER and COMPANY jointly agree to assist the adjuster in preparing the average statement and to take all other possible measures to protect the interests of OWNER, FPSO and COMPANY. 18 REDELIVERY OF FPSO The FPSO shall be deemed to have been redelivered (“DATE OF REDELIVERY”, for which COMPANY shall give OWNER at least 90 (ninety) days’ prior notice) and the DAILY COMPENSATION FEE shall cease when production at the AREA OF OPERATIONS is finally shut-in and COMPANY has removed the cargo from the FPSO. The FPSO shall from the DATE OF REDELIVERY be dismantled and removed from the AREA OF OPERATIONS by OWNER, and its ancillaries recovered, and towed and/or transported to a port/area to be agreed and cleaned and gas-freed. Compensation for such removal, towing, transportation etc. shall be paid in accordance with Clause 25.3 and Clause 1.3 of Section III - CHARTERPARTY Prices and Schedules for Variations.
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Related to GENERAL AND PARTICULAR AVERAGE

  • Certain Uniform Commercial Code Terms As used herein, the terms “Account”, “Chattel Paper”, “Commodity Account”, “Commodity Contract”, “Deposit Account”, “Document”, “Electronic Chattel Paper”, “General Intangible”, “Goods”, “Instrument”, “Inventory”, “Equipment”, “Investment Property”, “Letter-of-Credit Right”, “Money”, “Proceeds”, “Promissory Note”, “Supporting Obligations” and “Tangible Chattel Paper” have the respective meanings set forth in Article 9 of the NYUCC, and the terms “Certificated Security”, “Clearing Corporation”, “Entitlement Holder”, “Financial Asset”, “Indorsement”, “Securities Account”, “Securities Intermediary”, “Security”, “Security Entitlement” and “Uncertificated Security” have the respective meanings set forth in Article 8 of the NYUCC.

  • IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial organizations to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, you are required to provide your name, residential address, date of birth, and identification number. We may require other information that will allow us to identify you.

  • General Application The rules set forth below in this Article IV shall apply for the purposes of determining each Member’s general allocable share of the items of income, gain, loss or expense of the Company comprising Net Income or Net Loss of the Company for each Fiscal Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Fiscal Year, the special allocations in Section 4.4 shall be made immediately prior to the general allocations of Section 4.3.

  • Services and Exclusivity of Services The Company and Executive ------------------------------------ recognize that the services to be rendered by Executive are of such a nature as to be peculiarly rendered by Executive, encompass the individual ability, managerial skills and business experience of Executive and cannot be measured exclusively in terms of hours or services rendered in any particular period. Executive agrees to devote Executive's full business time and to use Executive's best efforts, energy and ability exclusively toward advancing the business, affairs and interests of the Company, and matters related thereto.

  • Environmental, Health and Safety Matters (a) The Company has complied and is in compliance with all Environmental, Health, and Safety Requirements.

  • Non-Exclusivity of Services The Manager is free to act for its own account and to provide investment management services to others. The Fund acknowledges that the Manager and its officers and employees, and the Manager's other funds, may at any time have, acquire, increase, decrease or dispose of positions in the same investments which are at the same time being held, acquired or disposed of under this Agreement for the Fund. Neither the Manager nor any of its officers or employees shall have any obligation to effect a transaction under this Agreement simply because such a transaction is effected for his or its own account or for the account of another fund. Fund agrees that the Manager may refrain from providing any advice or services concerning securities of companies for which any officers, directors, partners or employees of the Manager or any of the Manager's affiliates act as financial adviser, investment manager or in any capacity that the Manager deems confidential, unless the Manager determines in its sole discretion that it may appropriately do so. The Fund appreciates that, for good commercial and legal reasons, material nonpublic information which becomes available to affiliates of the Manager through these relationships cannot be passed on to Fund.

  • Uniform Commercial Code Terms All terms used herein and defined in the Uniform Commercial Code as adopted in the State of New York from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined herein. Without limiting the foregoing, the terms “accounts”, “chattel paper”, “commercial tort claims”, “instruments”, “general intangibles”, “goods”, “payment intangibles”, “proceeds”, “supporting obligations”, “securities”, “investment property”, “documents”, “deposit accounts”, “software”, “letter of credit rights”, “inventory”, “equipment” and “fixtures”, as and when used in the description of Collateral shall have the meanings given to such terms in Articles 8 or 9 of the Uniform Commercial Code. To the extent the definition of any category or type of collateral is expanded by any amendment, modification or revision to the Uniform Commercial Code, such expanded definition will apply automatically as of the date of such amendment, modification or revision.

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