Additional Vessels definition

Additional Vessels means vessels not in the ownership of CLP on the date of this Agreement that CLP may subsequently purchase to be managed by CSM under the Fee structure described herein at the election of CLP. For the purposes of this Agreement, any such Additional Vessels to be managed by CSM under the terms of this Agreement shall also be referred to herein as Vessels.

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Additional Vessels means any other vessel of any size and type the management of which, after its delivery as a charter-in or acquisition by NM, may be entrusted from time to time to NSM. Any such Additional Vessel for the purpose of this Agreement shall also be referred to herein as Vessels;

Additional Vessels means the Optional Vessels and any other vessel of similar size and type the management of which, after its acquisition by Navios Maritime Midstream, may be entrusted from time to time to NTM. Any such Additional Vessel for the purpose of this Agreement shall also be referred to herein as Vessels;

Examples of Additional Vessels in a sentence

The Company and the Manager each acknowledge that the Initial Technical Services Fee for the IPO Vessels represents the fair market value of providing the Technical Services for each IPO Vessel on August 8, 2005 and that the Initial Technical Services Fee for the Additional Vessels represents the fair market value of providing the Technical Services Fee for each Additional Vessel as of the date such Additional Vessel was acquired by the Company.
At or around each Upsize Trigger Date, the Agent shall circulate to each of the parties an amended Schedule 8 to reflect the increased Maximum Amount, which shall be calculated on the same basis as the initial Schedule 8, with a balloon payment of forty five per cent (45%), and amended Schedules 1 and 2 to reflect the amended Commitments and the Additional Vessels and Additional Borrowers.
The Borrower has requested that the Lender advance an aggregate amount of up to $401,000,000 to the Borrower in order (a) together with the proceeds of the IPO, to assist in the financing of the Initial Vessels, (b) to provide working capital in an amount up to $15,000,000, and (c) to finance all or a portion of the purchase price of Additional Vessels.
If any of the Vessels is sold or otherwise disposed of during the term of this Agreement and as a result CSM provides Commercial Management Services at any time to fewer than 25 Vessels, DSS shall replace such Vessel(s) with an Other Vessel(s) or an Additional Vessel(s) within three (3) months, in order for CSM to provide Commercial Management Services for no fewer than 25 Vessels.
If DSS acquires or orders any additional vessels during the term of this Agreement, CSM will have a right of first refusal, exercisable up to four (4) times, to provide the Technical Management Services, any such vessels for which the offer has been exercised shall be deemed Additional Vessels up to a total number of 29 Vessels under the terms of this Agreement.

More Definitions of Additional Vessels

Additional Vessels means any vessel NMLP shall acquire after the execution date of this Agreement. For the purposes of this Agreement, such Additional Vessels, after their acquisition by NMLP, shall also be referred to herein as Vessels.”

Additional Vessels means any delivered vessels of a type, value and age acceptable to the Majority Lenders to be purchased by a member of the relevant Group (which will become an Additional A Borrower or an Additional B Borrower, as the case may be) in respect of which an Upsize Amount is requested by the Borrowers, each of which shall be designated a Tranche A Vessel or a Tranche B Vessel with effect from the relevant Upsize Trigger Date.

Additional Vessels means vessels not in the ownership of ▇▇▇▇▇ on the date of this Agreement, that ▇▇▇▇▇ ▇▇▇ subsequently directly or indirectly wholly or partially purchase or charter in, to be managed by the Manager under the fee structure described herein and that may be listed in any additional schedules which may be introduced. For the purposes of this Agreement, any such Additional Vessels to be managed by the Manager under the terms of this Agreement shall also be referred to herein as Vessels. For each Additional Vessel its respective shipowning entity shall adhere to this Agreement by entering into an adhesion agreement to be executed between such shipowning entity and the Parties to this Agreement.

Additional Vessels means such of “NAVIOS FULVIA”, “NAVIOS VECTOR” and “NAVIOS MELODIA” as is at any relevant time subject to an Additional Mortgage;

Additional Vessels means tankers not in the ownership of CLP on the date of this agreement and tankers not forming part of the newbuildings fleet as set out in Schedule “C” to this Agreement, that CLP may subsequently purchase. Such Additional Vessels, after their acquisition by CLP, for the purposes of this Agreement shall also be referred to herein as Vessels.

Additional Vessels means vessels not in the ownership of DSS on the date of this Agreement that DSS (or any of its Affiliates or subsidiaries) may subsequently purchase (as assets or by novation of any shipbuilding contract or by acquisition of shares in a vessel owning entity or holding of same) and which are to be managed by CSM pursuant to the terms of this Agreement. For the purposes of this Agreement, any such Additional Vessels to be managed by CSM under the terms of this Agreement shall also be referred to herein as Vessels.

Additional Vessels means, together, Vessel A, Vessel B and Vessel C and in the plural means all of them;