We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Moon Pool Sample Clauses

Moon PoolThe vessel shall be equipped with a dry moon pool capable of launching and recovering a manned DCS or SDV. Both may be deployed on the vessel at the same time so provisions shall be made to move one so the other can be launched and recovered through the moon pool. The moon pool shall be an adequate size to launch and recover the manned DCS and to deploy divers to secure or disconnect the DCS or SDV. The DCS and SDV can be launched and recovered either by lift lines secured to their lift points or by using a platform under them. The movement of the DCS and SDV shall be constrained during launch and recovery to prevent them from contacting the sides of the moon pool. The lift system shall be capable of safely and efficiently launching and recovering the DCS or SDV from the deck to a minimum submerged launch depth of 30 feet sea water (fsw). The launch and recovery system shall have passive or active heave compensation that separates the vessel’s motion from the DCS and SDV when submerged. The lift system shall be capable of raising the SDV at a maximum speed of 30 fpm. The moon pool shall have a watertight door on the bottom and a carriage or door on top. The carriage or top door shall be capable of supporting the weight of the DCS fully loaded and secured for transit in up to Sea State 8 conditions. The moon pool shall be able to be flooded by means that do not limit the stability of the ship or its ability for safety and repositioning in up to 5 knots during a launch and recovery evolution. Upon recovery and securing the DCS or SDV for sea the ship shall be able to xxxxxxx the moon pool and assume normal navigation and ship operations. Divers shall be recovered by means of a diver’s stage/lift (GFE) that is lowered/raised by a system rated for a manned diving stage C-2.11.3 Vessel shall be capable of launching and recovering craft in the following manners:
AutoNDA by SimpleDocs

Related to Moon Pool

  • Pool A grouping on the books and records of CAC or any of its subsidiaries of Advances or Contracts originated or to be originated with CAC or any of its subsidiaries by a Dealer and bearing the same pool identification number assigned by CAC’s computer system.

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $229,365,447.09.

  • No Delinquent Receivables As of the Cutoff Date, no payment due under any Receivable was more than 30 days past due.

  • The Mortgage Pool The Series ____-__ Certificates shall evidence the entire beneficial ownership interest in a mortgage pool (the "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of ________ __, ____ (the "Cut-off Date"):

  • Mortgage Loan repurchased (The Master Servicer hereby certifies that the Purchase Price has been credited to the Collection Account or the Certificate Account (whichever is applicable) pursuant to the Trust Agreement.)

  • Assuming Institution Portfolio Sales of Remaining Shared-Loss Loans The Assuming Institution shall have the right, with the consent of the Receiver, to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Shared-Loss Loans held by the Assuming Institution at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Institution exercises its option under this Section 4.1, it must give sixty

  • Mortgage Loan The appraisal was conducted by an appraiser who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof; and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and the appraiser both satisfy the applicable requirements of Title XI of the Financial Institution Reform, Recovery, and Enforcement Act of 1989 and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated;

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!