Approved Charterer definition

Approved Charterer means any counterparty approved by the Facility Agent (acting on the instructions of all of the Lenders) and which, unless otherwise agreed by the Facility Agent (acting on the instructions of all of the Lenders), is not on negative watch and has (or who provides a Charterer Parent Guarantee by its Holding Company which is not on negative watch and which has) a rating of BBB or higher from Xxxxx’x or a rating of Baa3 or higher from S&P;

Approved Charterer has the meaning given in Schedule 7;

Approved Charterer means a company approved by the Agent as the charterer of the Ship which is to be a party to the Approved Charter;

Examples of Approved Charterer in a sentence

• We also observed that the Unit’s State and Federal partners reported positive, cooperative relationships and held the South Carolina MFCU in high respect.

• There is no agreement or understanding to allow or pay any rebate, premium, commission, discount or other benefit or payment (howsoever described) to a Borrower, an Approved Charterer or the Builder or any third party in connection with the purchase y a Borrower of a Ship at the relevant Purchase Price of the chartering of a Ship other than as disclosed to the Agent in writing on or prior to the date of this Agreement.

• Each Underlying Document constitutes valid, binding and enforceable obligations of the parties thereto in accordance with its terms and: the copy of that Underlying Document delivered to the Agent before the date of this Agreement is a true and complete copy; no amendments or additions to that Underlying Document have been agreed nor has the relevant Borrower, Approved Charterer or, as the case may be, the Builder, waived any of their respective rights thereunder.

• There is no agreement or understanding to allow or pay any rebate, premium, commission, discount or other benefit or payment (howsoever described) to a Borrower, an Approved Charterer, the seller under the First Ship A MOA, the Seller A or the Builder or any third party in connection with the purchase by a Borrower of a Ship at the relevant Purchase Price of the chartering of a Ship other than as disclosed to the Agent in writing on or prior to the date of this Agreement.

• There is no agreement or understanding to allow or pay any rebate, premium, commission, discount or other benefit or payment (howsoever described) to a Borrower, an Approved Charterer, the seller under the First Ship A MOA, the Seller A or the Builder or any third party in connection with the purchase by Borrower A of Ship A at the Purchase Price of the chartering of a Ship other than as disclosed to the Agent in writing on or prior to the date of this Agreement.

More Definitions of Approved Charterer

Approved Charterer means CMA CGM S.A., a corporation incorporated in France whose registered office is at 0 Xxxx x’Xxxxx, 00000 Xxxxxxxxx, Xxxxxx;

Approved Charterer means, in relation to:

Approved Charterer. S LETTER OF UNDERTAKING" means the letter of undertaking to the Lenders to be signed by the Approved Charterer with respect to the Bare Boat Charter in the form and substance attached hereto as Appendix VI.

Approved Charterer means any of the charterers as specified in Schedule 10 (Approved Charterers) or otherwise approved in writing by the Facility Agreement, acting with the authorisation of the Majority Lenders.

Approved Charterer means either (i) the Guarantor, or (ii) a wholly owned Subsidiary of the Guarantor.

Approved Charterer has the meaning given to that term in Schedule 5;

Approved Charterer means Oldendorff Carriers GmbH and Co. KG of Xxxxx-Xxxxxx-Xxxxx 0, X-00000, Xxxxxx, Xxxxxxx or such other first class international shipping company notified to, and in accepted in writing by, the Agent;