Use of Vessel Sample Clauses

Use of Vessel. Each Share carries with it the right to use the Vessel for a total of 57 days per Year in accordance with and subject to the terms of this Agreement and the Vessel Rules.

Use of Vessel. During the Charter Period, Charterer shall have ------------- the full use of the Vessel and may employ it worldwide in any lawful trades permitted by U.S. and Xxxxxxxx Islands laws and regulations, subject to the limits of then current Institute Warranties and Clauses, carrying such lawful cargoes as Charterer, Permitted Subcharterer or their authorized agents may direct.

Use of Vessel. The vessel and mooring slip shall be used only for personal recreational purposes and may not be let or hired to others or used for any commercial purpose including but not limited to the transportation of passengers or freight to or from Fire Island.

Use of Vessel. The Lessee undertakes that the Vessel is driven only by himself or by person(s) who are identified and accepted by the Lessor in a document attached to this contract, to which all the conditions of this Contract are applied.

Use of Vessel. MARINA licenses to LICENSEE use of the slip, moorage, or storage space upon the terms and conditions contained herein. LICENSEE warrants that while the Vessel is moored on Bullards Bar Reservoir, Licensee will not rent or charter, sublease, exchange, trade, barter or loan the Vessel or the slip, moorage or storage space to any other person for any purpose whatsoever, and will not engage in any commercial activity with the Vessel or otherwise use or allow any other person to use the Vessel for commercial purposes or activities. The LICENSEE further warrants that the Vessel shall be used solely for LICENSEE’S pleasure and for no commercial use of any kind. Any commercial use shall automatically terminate this agreement. LICENSEE also warrants that no person will live aboard the Vessel while it is stored or moored at Bullards Bar Reservoir.

Use of Vessel. The Lessee shall, subject to the provisions of this Agreement, as between itself and the Lessor, have full and exclusive use, possession, control and command of the Vessel during the Lease Period.

Use of Vessel. Each Share carries with it the right to use the Vessel for a total of 57 days per Year in accordance with and subject to the terms of this Agreement and the Vessel Rules. Additional daily standby use may be requested by a Shareholder in accordance with and subject to the terms of this Agreement and the Vessel Rules. BoatCo is the owner of the Vessel. The Shareholders are bound by the Vessel Rules. Following the successful completion of the Offer, BoatCo will repurchase the initial share held by Ownaship (Initial Share) $1.00. Upon the repurchase of the Initial Share, the Initial Share will be cancelled. The Shareholders waive any pre-emptive rights conferred on them (as at the date of this Agreement or in the future) by sec 45 of the Companies Xxx 0000, or otherwise in respect of the issue of Shares. This Agreement constitutes an agreement of all “entitled persons” pursuant to section 107(2) of the Companies Xxx 0000.

Use of Vessel. 11 Section 4.07 Notifications.................................................. 12 Section 4.08 Payment of Crew's Wages and Allotments......................... 13 Section 4.09 Charter of Vessel.............................................. 13 Section 4.10 Maintenance of Vessel.......................................... 13 Section 4.11 Statement of Classification Society............................ 14 Section 4.12 Surveys of Vessel.............................................. 14 Section 4.13 Access to Vessel............................................... 14 Section 4.14 Registration of Mortgage; Recordation of Mortgage.............. 14 Section 4.15 Notice of Mortgage............................................. 15 Section 4.16 Further Assurances............................................. 15 Section 4.17 Notice of Default.............................................. 16

Use of Vessel. 4.1 In FSRU Mode the Vessel shall be used as an FSRU in situ at the FSRU Site with Contractor providing the FSRU Services pursuant to the OSA on the terms and subject to the conditions in the OSA. 4.2 Charterer and Owner shall jointly evaluate power-to-shore as an additional service with a view to providing mutual benefit to both Parties.

Use of Vessel. 16.1 The Vessel’s principal use under this Charter shall be as an FSRU in order for Contractor to provide the FSRU Services in situ at the FSRU Site pursuant to the OSA. 16.2 If Charterer wishes to trade the Vessel as an FSRU to deploy the Vessel to an Alternative FSRU Site, it shall notify its request to Owner in writing and the Parties shall negotiate in good faith the terms on which the FSRU is to be redeployed or trade as FSRU with negotiations premised on the principle that the costs of redeployment of the Vessel should be at Charterers’ expense, or accounted for in a good faith negotiated adjustment to Hire and any redeployment being subject to the conditions in Clause 16.3 being met or waived by Owner. 16.3 The conditions referred to in Clause 16.2 are that the relocation of the Vessel shall: ​ (a) be subject to the prior written consent of Owner Financier; (b) not require the Vessel to be operated in any matter (or involving a counterparty or jurisdiction) which is contrary to Sanctions; (c) not impose any incremental Tax on Owner or Contractor for which Charterer does not compensate Owner; (d) not prevent the performance by Contractor of the FSRU Services as a direct result of the relocation to the Alternative FSRU Site; and (e) be subject to the Parties agreeing amendments to the FSRU Agreements which are necessary to put Owner and Contractor into the equivalent economic and legal risk position as they are in under the then current FSRU Agreements, including for the avoidance of doubt any minimum local crewing requirements and reimbursement regime pursuant to Clause 3.2 of the OSA and Charterer compensating Owner for any actual and documented costs of establishing a new entity to perform the services of Contractor in the new Applicable Jurisdiction. ​ If any structural changes or modifications are required to be made to the Vessel as a result of such relocation of the Vessel to an Alternative FSRU Site, Charterer shall also compensate Owner for (a) any actual and documented costs reasonably incurred by Owner (following the termination or expiration of this Charter) in reversing such structural changes or modifications to reinstate the Vessel to its original Specifications as at the Acceptance Date (together the “Post-Relocation Reinstatement Works”) and (b) the time spent on such Post-Relocation Reinstatement Works at the Hire rate (unless Owner elects to retain any such ​ ​ ​ ​ ​ ​ SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE THEY A...