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.

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;

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

Examples of Additional Vessels in a sentence

• 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 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.

• If any of the Vessel(s) is sold or otherwise disposed of during the term of this Agreement and as a result CSM provides Technical Management Services at any time to fewer than 25 Vessels, DSS shall work in good faith to replace such Vessel(s) with an Other Vessel(s) or an Additional Vessel(s) within six (6) months.

• The Term Loan Facility contains an uncommitted accordion feature whereby, for a period of up to 24 months following the closing date, the amount of the loan thereunder may be increased up to an additional incremental $250 million (in increments of at least $10 million) for the acquisition of Additional Vessels, subject to certain conditions.

• They will also build stronger bonds with their peers and recognize their classmates' varying skills and interests.

More Definitions of Additional 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 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 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 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 Fantastiks, Navios Prosperity, Navios Aldebaran and Navios TBN (Hull No. ). Such Additional Vessels, after their acquisition by NMLP, for the purposes of this Agreement shall also be referred to herein as Vessels;

Additional Vessels set forth in Section 1 of the Management Agreement is hereby amended to read in its entirety as follows:

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.