Examples of Bareboat Charterers in a sentence
The Owner may, for the purpose of claiming or proving in an insolvency of any Obligor, place any sum received or recovered under or by virtue of this Guarantee on a separate interest bearing suspense or other nominal account without applying it in satisfaction of the Bareboat Charterer's or Guarantor's obligations under any Leasing Document.
Clause 4.1 (Costs of preservation of rights, enforcement etc.) is without prejudice to the Guarantor's liabilities in respect of the Bareboat Charterer's obligations under clause 41 (Fees and Expenses) of the Bareboat Charter.
All requirements of the ISM Code and the ISPS Code as they relate to the Borrowers, the Bareboat Charterers, the Manager and the Vessels have been complied with in all material respects.
At Bareboat Charterer's written request (and only at such request) Time Charterer shall join Shipowner and Bareboat Charterer in a declaration of or agreement on a compromised, constructive or agreed total loss of the Vessel or tendering abandonment of the Vessel to the insurers.
The representations and warranties of the Borrowers contained in Section 4 hereof and the representations and warranties of the Borrowers, the Operators, the Bareboat Charterers, the Sponsor and Alperton contained in any other Financing Document to which such Person is a party shall be true and correct in all material respects on and as of such Disbursement Date as if made on and as of such date (or, if stated to have been made solely as of an earlier date, were true and correct as of such date).
The Replacement Bareboat Charterer has assumed all of the Original Bareboat Charterer's rights, obligations and liabilities under the Bareboat Charter pursuant to Addendum No.2 to the Bareboat Charter dated 21 November 2008 made between the Borrower, the Original Bareboat Charterer and the Replacement Bareboat Charterer.
At Bareboat Charterer's written request (and only at such request) Time Charterer shall join Shipowner, Bareboat Charterer and Sub-Bareboat Charterer in a declaration of or agreement on a compromised, constructive or agreed total loss of the Vessel or tendering abandonment of the Vessel to the insurers.
In the event that any of the Borrowers, the Operators or the Bareboat Charterers replaces its existing auditors for any reason, it shall appoint and maintain as auditors another firm of independent public accountants, which firm shall be internationally recognized.
Such audits may cover all aspects of Bareboat Charterer's performance hereunder and its operation of the Vessel, including the determination and control of Operating Costs, voyage and port performance, cargo handling, maintenance of the Vessel and its equipment, drydocking of the Vessel and spare gear and stores inventories.
Simultaneously with delivery and transfer of title to the Rig, the Buyers will bareboat charter the Rig back to the Sellers or their nominees (Bareboat Charterers) for the below period and rates: From delivery to completion of the current drilling contract with BP Petroleum Development of Norway A/S (expected to be around 1st December 1998): USD 40,000.00 per day or pro rata.