Acceptable Charter definition

Acceptable Charter means, with respect to a Mexican-flagged Vessel, a Pemex Charter or any time charter, or other employment acceptable to the Facility Agent, under the Mexican Navigation and Maritime Commerce Law (Ley de Navegación y Comercio Marítimos) with an Acceptable Charterer, with rates (denominated in Dollars), projected cash flow, and all other terms and conditions satisfactory to the Facility Agent or, with respect to a non-Mexican flagged Vessel, any other Charter Party Agreement;

Acceptable Charter means, in respect of a Vessel, any time charter having a duration of 18 months or more which is acceptable to and has been approved by the Agent in writing (such approval not to be unreasonably withheld).

Acceptable Charter means in relation to each Vessel, each of the charter commitments of that Vessel set out in Schedule 2 (Vessel Information) or, for the purposes of Clause 28.17 (Charter termination) only, such other Charter acceptable in all respects to the Lenders.

Examples of Acceptable Charter in a sentence

• The term ‘calibration’ was suggested by Mansur and Whalley (1984) to describe the process of estimating the parameter values within a CGE model.

• Long Term Charter means, in relation to a Ship, any Acceptable Charter or other charter with a term of thirteen (13) months or longer (including extension options).

• A Member or a Subscriber PR pays exactly the same price for the same Event Ticket – the published price as described above.

• Additional Vessel means any new or used container vessel of a standard design which will be, from its Delivery Date, employed by way of Acceptable Charter, and in respect of which the Borrower has notified the Facility Agent that it wishes such vessel be designated as an Additional Vessel.

• Definitions and interpretation 1.1 Definitions In this Agreement and (unless otherwise defined in the relevant Finance Document) the other Finance Documents: Acceptable Charter means for any Ship, a charterparty, and if approved by the Required Lenders, any contract of affreightment entered into between the relevant Upstream Guarantor and an Acceptable Charterer at a monthly rate of at least $680,000.

More Definitions of Acceptable Charter

Acceptable Charter means in respect of “FANTASTIKS”, a charterparty in respect thereof which (i) covers at least the period March 2011 until September 2014, (ii) is at a net daily charterhire of at least USD35,000 and (iii) is made with a charterer acceptable to the Agent;

Acceptable Charter means, in respect of a Vessel or any other Group Vessel:

Acceptable Charter means for any Ship, a charterparty, and if approved by the Required Lenders, any contract of affreightment entered into between the relevant Upstream Guarantor and an Acceptable Charterer at a monthly rate of at least $680,000.

Acceptable Charter means a time charter of the Vessel for a minimum period of twelve (12) months with an independent third party charterer acceptable to the Lender and on terms approved by the Lender.

Acceptable Charter means, in respect of a Vessel or any other Group Vessel, any time charter or other contract of employment which:

Acceptable Charter means, in respect of the Vessel, any time charter having a duration of 24 months or more which is acceptable to and has been approved by the Agent in writing (such approval not to be unreasonably withheld).

Acceptable Charter means, in relation to a Ship, a charterparty entered into by the relevant Owner in respect of such Ship, at a minimum Daily Charter Rate and a minimum term (commencing (a) from the relevant Drawdown Date (in the case of a New Ship) or (b) from the first Drawdown Date (in the case of a Collateral Ship)), as specified for such Ship in the table below, and with such charterer and otherwise on such other terms and conditions, as shall be in all respects acceptable to the Bank: New Ship Minimum Daily Charter Rate minimum term Harmony $17,000 2 years Phoenix $14,500 1 year Goddess $26,000 3 years Daisy $11,500 Spot Provided that, in the case of Goddess, the minimum Daily Charter Rate for the purposes of this table, may, at the Borrowers’ option notified to the Bank in writing, be substituted for by an average net daily charterhire of $26,000 over the relevant minimum term of 3 years of the relevant Acceptable Charter; Collateral Ships Minimum Daily Charter Rate minimum term Free Destiny $15,000 Spot Free Envoy $17,000 12 months less 2 weeks