Approved Charter definition

Approved Charter means, in relation to:

Approved Charter means in respect of the Ship, a time charter to be made between the Borrower and a charterer acceptable to the Lender in its reasonable discretion, for a period of not less than twenty four (24) months, at such hire rate and on such other terms and conditions as may be acceptable to the Lender in its reasonable discretion;

Approved Charter means, in relation to a Ship, any time charter party of that Ship to be entered by the relevant Borrower and a charterer in all respects acceptable to the Lender, exceeding or which, by virtue of any optional extensions is capable of exceeding, 12 months in duration as the same may be amended or supplemented from time to time in favour and substance in all respects acceptable to the Lender;

Examples of Approved Charter in a sentence

• The Charter School shall utilize an autonomous governing body in the form of a Governing Board, which shall operate in accordance with its bylaws and Appendix B (Locally Approved Charter School Partners Roles and Responsibilities Chart) of this Charter and which shall be responsible for complying with and carrying out the provisions of this Charter, including compliance with all applicable law.

• CLCS shall furnish to the District an annual written report and evaluation of its educational program and general operation in accordance with the Approved Charter and the Education Code.

• The provisions of this Agreement are hereby incorporated into the Approved Charter.

• CLCS and the Charter School and all of its officers and employees shall continue to comply with the conflict of interest provisions contained in the originally Approved Charter petition.

• Students must be enrolled according to the numbers and grades included in the Charter Applicant Information Sheet in the Final Amended and Approved Charter Application.

More Definitions of Approved Charter

Approved Charter means, at any relevant time, any charter or other contract of employment entered into by the Borrower in respect of the Ship, which:

Approved Charter means each of:

Approved Charter means, collectively, (i) the time charters described in Part II of Schedule 12 (Details of Existing Ships and Approved Charters), and (ii) any other time or consecutive voyage charter in respect of a Ship for a term which exceeds, or which by virtue of any optional extensions may exceed, 24 months and has been approved by the Agent.

Approved Charter means any charterparty, contract or engagement of affreightment or for the carriage or transportation of cargo, mail or passengers or any of them, relating to any of the Mortgaged Vessels, whether now existing or hereafter entered into by any of the Borrowers or any person, firm or company on its behalf, the terms of which are approved in writing by the Bank;

Approved Charter means the Initial Charter Party Agreement and any other charter party to be entered with an internationally recognized PCTC operator acceptable to the Facility Agent (such consent not to be unreasonably withheld); provided, that such other charter party has charter hire rates that are comparable to the then current market charter hire rates for similar vessels and having other prevailing market terms;

Approved Charter means, in relation to a Ship or a Fleet Vessel, a charterparty or other contract of employment in respect of that Ship or Fleet Vessel having an unexpired duration of at least 3 months entered into by the Owner of the Ship (or the applicable member of the Group in the case of a Fleet Vessel) with an Approved Charterer;

Approved Charter means the time charterparty dated 3 September 2008 entered into between the Owner and the relevant Approved Charterer for a duration of 119 months (extendable by 2 months at that Approved Charterer’s option) and at a daily hire rate of $53,100 for the first 5 years and $33,100 for the remainder of the Approved Charter’s duration which has been reviewed by the Lender and found to be in form and substance satisfactory to the Lender;