Bareboat Charterers definition
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.
No litigation, action, suit, investigation, claim or proceeding shall be pending or, to the knowledge of the Borrowers, threatened with respect to this Agreement or any other Financing Document, or the transactions contemplated hereby, or which could have a material adverse effect on the business, financial condition, operations, performance, properties or prospects of any of the Borrowers, the Operators, the Bareboat Charterers or the Sponsor.
The Administrative Agent shall have received a copy of a letter from Law Debenture accepting its appointment as process agent in New York for the Borrowers, the Operators, the Bareboat Charterers, QGOG, Queiroz ▇▇▇▇▇▇ ▇.▇., the Sponsor and Alperton.
Time Charterer shall not send the Vessel to ice-bound waters without Bareboat Charterer's consent, but such consent shall not be unreasonably withheld.
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).
Time Charterer may cause to be made during regular business hours, after the end of each fiscal year of Bareboat Charterer, an audit of Bareboat Charterer's accounts and records relating to Operating Costs for the Calendar Year ending during that fiscal year by certified public auditors selected and paid by Time Charterer.
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.
The cost of all repairs or changes necessary to cause the Vessel to comply with the requirements of ABS, including changes or additions to such requirements, shall be for the Bareboat Charterer's account.