Examples of Agreement to Acquire and Charter in a sentence
The respective rights and obligations of the Owners and the Charterers as between themselves during the construction and pre-delivery periods for the Vessel shall be as set forth in the Agreement to Acquire and Charter.
The Charterer shall pay to the Owner for the hire of the Vessel the Basic Hire payable during the Basic Period which is set forth in Box 22, as adjusted pursuant to the Agreement to Acquire and Charter.
Upon delivery of the Vessel in accordance with Clause 34, the Owner and the Charterer shall execute a Charter Supplement No. 1 substantially in the form of Appendix 1 hereto to reflect the Basic Hire, EBO Prices and Stipulated Loss Values as adjusted pursuant to the Agreement to Acquire and Charter.
It is recognized and acknowledged that SFL Holdings has entered into the MOA pursuant to the Agreement to Acquire and Charter for the purpose of transferring title to the Vessel to the Owner for charter to the Charterer hereunder.
In the event the Charterer elects to extend the Charter for the Renewal Period, the Charterer shall pay the Basic Hire payable during the Renewal Period which is set forth in Box 22, as adjusted pursuant to the Agreement to Acquire and Charter.
The Owner may sell the Vessel and assign its rights under this Charter pursuant to and in accordance with Section 8.1 of the Agreement to Acquire and Charter.
It is acknowledged and agreed that the Basic Hire, EBO Prices and Stipulated Loss Values established on the Vessel Delivery Date pursuant to Clause 45(b) above are subject to further adjustment in accordance with Section 1.5(c) of the Agreement to Acquire and Charter.
The Owner shall assign this Charter to any Person to whom the Owner has sold the Vessel in accordance with Section 8.1 of the Agreement to Acquire and Charter, and Owner and such Person shall execute and deliver to Charterer an assignment and assumption agreement in form and substance reasonably satisfactory to the Charterer evidencing such assignment.
Same as Exhibit I to Exhibit A to the Agreement to Acquire and Charter filed as Exhibit 10.6 with Registrant's Form 10-Q for the quarter ended April 8, 1994, except the recitals refer to the Second Amended and Restated Agreement to Acquire and Charter dated September 1, 1995 and related documents.
Concurrently with the execution and delivery of this Amendment, APL, the Transferees and the Lenders are entering into a Second Amended and Restated Agreement to Acquire and Charter dated as of the date hereof, respecting, among other things, the permitted exchange and transfer of each of the Vessels as set forth above.