Bareboat Amendments definition
Bareboat Amendments means the amendments to the Bareboat Agreements as required by the Charterparty Restructuring to incorporate (corresponding to each Bareboat Election) each necessary amendment to a Bareboat Agreement including (without limitation) the Option A Bareboat Amendments, the Option B Bareboat Amendments and the Option C Bareboat Amendments (as applicable), and all other terms contemplated by the Restructuring Heads of Terms to be entered into pursuant to paragraph 7 (Original Time-Charter Owners and Original Bareboat Owners) of the Implementation Plan (including without limitation any piracy related provisions and the cancellation of any extension or purchase option in favour of the Company).
Examples of Bareboat Amendments in a sentence
Each of the Original Bareboat Owners and Charterers agrees that upon the occurrence of the Restructuring Effective Date and upon the entry into the relevant Bareboat Amendments any Extension Option relating to any Bareboat Agreements shall terminate and expire.