Other Vessels. Buyer warrants that throughout the term of service of any Vessel (other than a tanker) under a Transaction, such Vessel shall maintain full and valid P&I Insurance, including valid Pollution Cover, from a P&I Club that is a member of the International Group of P&I Clubs, or, if such Vessel is not entered with a P&I Club, full and valid commercial insurance covering the same classes of risks as would be covered by customary P&I Insurance and Pollution Cover (“Commercial Insurance”) on such Vessel. Such P&I Insurance, Pollution Cover or Commercial Insurance shall be for Buyer’s account, free of cost and expense to Seller. If requested to do so at any time during the term of a Transaction, Buyer shall promptly furnish to Seller reasonable evidence of the foregoing required P&I Insurance, Pollution Cover or Commercial Insurance. Buyer shall notify Seller immediately of any change or threatened change in the aforesaid P&I Insurance, Pollution Cover or Commercial Insurance. The foregoing obligations of Buyer are an essential part of a Transaction. The obligations of Seller under a Transaction are conditioned on such insurance obligations. Any breach of such insurance obligations shall entitle Seller to terminate the relevant Transaction without limiting its right to recover damages.
Other Vessels. In consideration for the provision of the Services by CSM to DSS or the Vessel Owners (in respect of the Technical Management Services), in respect of each Vessel not on a time charter, for a 90-day period commencing the first day after the date of the INSW Transaction Closing, irrespective of when actual delivery of a Vessel occurs pursuant to the Termination Agreement (the “Termination Agreement”), dated as of March 30, 2021, by and between DSS and CSM (the “Transition Period – Other Vessels”), DSS or its designee and/or Newco shall:
(i) pay CSM a technical management fee equal to United States Dollars eight hundred fifty (US $850) per Vessel per day for Technical Management Services provided to DSS or the relevant Vessel Owner; provided, that if any Vessel has not been delivered to DSS pursuant to the Termination Agreement for more than 180 days after the INSW Transaction Closing for any reason whatsoever, then from and after such 180 day period, DSS and/or Newco shall pay CSM a technical management fee equal to United States Dollars four hundred fifty (US $450) per Vessel per day (“Late Delivery Fees”). For the avoidance of doubt, if a Vessel is delivered prior to the end of the Transition Period – Other Vessels, the fees for Technical Management Services payable pursuant to this Section 2(i) shall be paid to CSM for the entire Transition Period – Other Vessels, in equal monthly instalments in advance payable at the beginning of every calendar month as if such Vessel were delivered to DSS at end of such Transition Period – Other Vessels. For the avoidance of doubt, if any Vessel has not been delivered to DSS prior to the end of the Transition Period – Other Vessels, CSM shall not be entitled to any payments pursuant to this clause (2)(i) for the period after the Transition Period – Other Vessels other than the Late Delivery Fees which shall only accrue beginning on the 181st day after the INSW Transaction Closing and until the delivery of such Vessel pursuant to the Termination Agreement.
(ii) pay CSM (and/or any Sub-Manager or Affiliate as the case may be appointed and nominated by CSM) a Commercial Management Fee generated by each such Vessel; provided, that if any such Vessel has not been delivered to DSS pursuant to the Termination Agreement for more than 180 days after the INSW Transaction Closing for any reason whatsoever, then from and after such 180 day period, DSS and/or Newco shall pay CSM (and/or any Sub-Manager or Affiliate as the case may ...
Other Vessels. (1) A naval vessel not subject to subsection (a) may be disposed of to another nation (whether by sale, lease, grant, loan, barter, transfer, or otherwise) in accord- ance with applicable provisions of law, but only after—
(A) the Secretary of the Navy notifies the Committee on Armed Services of the Senate and the Committee on Armed Services of the House of Representatives in writing of the pro- posed disposition; and
(B) 30 days of continuous session of Congress have expired following the date on which such notice is sent to those committees.
(2) For purposes of paragraph (1)(B), the con- tinuity of a session of Congress is broken only by an adjournment of the Congress sine die, and the days on which either House is not in session because of an adjournment of more than 3 days to a day certain are excluded in the computa- tion of such 30-day period.
Other Vessels. (a) Following the Closing, Purchaser may decide that it wishes to acquire some or all of The Columbia Queen, The Cape May Light and The Cape Cod Light (collectively, the "OTHER VESSELS"). Sellers shall make reasonable efforts to give Purchaser prompt written notice of any third party's interest in acquiring the Other Vessels from Sellers or one or more Affiliates of Sellers and shall afford Purchaser the right to participate in non-exclusive discussions with Sellers with respect to the acquisition by Purchaser (or an Affiliate of Purchaser) of the Other Vessels, including the right, exercisable in Purchaser's sole discretion, to make an offer for such Other Vessels.
(b) In the event that Purchaser or any Affiliate of Purchaser acquires or enters into an agreement to acquire title to one or more of the Other Vessels from MARAD, Sellers, any Affiliate of Sellers or Atlantic Marine Inc. on or before December 31, 2003, then the Purchaser shall pay to Sellers or their designee, with respect to each Other Vessel acquired by Purchaser or its Affiliate on or before December 31, 2003, additional consideration of $500,000 in cash per vessel acquired and shall receive in consideration thereof, all right, title and interest of Sellers in any of their unencumbered property which relates to the Other Vessel acquired, including, without limitation, related intellectual property, but excluding intangibles not used in connection with the operation of the Other Vessel.
(c) In the event that Purchaser or any Affiliate of Purchaser acquires or enters into an agreement to acquire one or more of the Other Vessels, Sellers will reasonably cooperate and assist Purchaser with the transition of the operations of such Other Vessels to Purchaser; provided, however, that the foregoing shall not require Sellers to incur any out-of-pocket expense in connection with any cooperation or assistance rendered to Purchaser, nor shall Sellers be required to continue to maintain employees, facilities, contract rights or any other property or assets for the purpose of providing such cooperation or assistance.
(d) In the event Sellers, the Committee, MARAD and Purchaser agree after the date hereof but prior to the Closing to include the Columbia Queen riverboat, Official No. 1023608, together with its registries, logs (including maintenance logs), maintenance schedules, life safety, firefighting and abandon ship procedures, applicable crew and employee lists, blueprints, correspondence with govern...
Other Vessels. In the event RCCL desires to add other vessels to this ------------- Agreement, [Redacted - confidential treatment requested]. SEAVISION acknowledges that in the event RCCL [Redacted - confidential treatment requested], or if RCCL [Redacted - confidential treatment requested], that RCCL shall have the right to [Redacted - confidential treatment requested].
Other Vessels. In the event RCCL desires to add other vessels to this ------------- Agreement, the terms and conditions governing such vessels shall be subject to the mutual agreement of the parties. SEAVISION acknowledges that in the event RCCL significantly increases the number of vessels on which the system is installed, or if RCCL grants SEAVISION an exclusive right to provide interactive television on RCCL's vessels, that RCCL shall have the right to re-negotiate the terms and conditions governing such additional vessels, including but not limited to the revenue Sharing provisions set forth in Section 5.
Other Vessels. In the event that the Principal shall request from the Mxxxxxx Agent suitable, qualified and experienced Seafarers for employment on a Vessel or Vessels other than those Vessels stated in paragraph 1.1, then the Mxxxxxx Agent shall, on behalf of the Principal, seek to recruit and engage such Seafarers from sources as considered suitable by the Mxxxxxx Agent. 4 MXXXXXX AGREEMENT BETWEEN HOEGH LNG COLOMBIA AND HÖEGH FLEET SERVICES PHILS – 1ST September 2016
Other Vessels. The Licensee must not permit any vessels other than the Vessel to occupy the Berth without the consent of the Licensor which will not be unreasonably withheld.
