Charter Event of Default definition

Charter Event of Default wherever used herein, shall mean ------------------------ any of the following events (whatever the reason for such Charter Event of Default and whether it shall be voluntary or involuntary, or come about or be effected by operation of law, or be pursuant to or in compliance with any judgment, decree or order of any court or any Governmental Rule or Governmental Action):
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Charter Event of Default means, for each Initial Charter, each of the events designated as an event of default in such Initial Charter. For a description of certain events constituting Charter Events of Default, see "The Initial Charters--Charter Events of Default."
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Charter Event of Default has the meaning specified in Section 16.1 of the ------------------------ Master Charter.
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Examples of Charter Event of Default in a sentence

  • The Vessel shall have been duly ------------------------ accepted by the Charterer under the Charter and in evidence thereof the Pass Through Trustee and the Indenture Trustee shall have received a protocol of delivery and acceptance executed by Charterer and no Charter Default or Charter Event of Default shall have occurred and be continuing.

  • Notwithstanding any other provision of any Operative Document, unless a Charter Event of Default shall have occurred and be continuing and the Charter shall have been declared to be in default pursuant to Article 22 thereof, the Indenture Trustee shall not take or cause to be taken any action contrary to the Charterer's rights under the Charter, including without limitation the rights of the Charterer under Article 7 thereof.

  • The Charterer will deliver to the Owner --------------------- Participant, the Owner Trust and the Indenture Trustee on or before November 1 of each year during the Charter Period, an Officer's Certificate of the Charterer to the effect that the signer is familiar with or has reviewed the relevant terms of the Charter and the signer does not have knowledge of the existence, as of the date of such certificate, of any condition or event which constitutes a Charter Event of Default.

  • No express or implied waiver by Owner of any Charter Party Default or Charter Event of Default shall in any way be, or be construed to be, a waiver of any future or subsequent Charter Party Default or Charter Event of Default.

  • In addition, so long as the Charter is in effect and no Charter Event of Default shall have occurred, the Mortgagee shall not, without the prior written consent of the Charterer exercise any remedy resulting in an in rem judicial sale of the Vessel.

  • Notwithstanding any other provision of this Indenture (including, without limitation, Section 5.04 and 5.05 hereof) or any Operative Document, unless a Charter Event of Default shall have occurred and be continuing and the Charter shall have been declared to be in default pursuant to Article 22 thereof, the Indenture Trustee shall not take or cause to be taken any action contrary to the Charterer's rights under the Charter, including without limitation the rights of the Charterer under Article 7 thereof.

  • During the Charter Period, Owner shall have the right at ---------- any time, on reasonable notice, to inspect the Vessel in order to ascertain whether the Vessel is being properly repaired and maintained; provided that unless a Charter Event of Default shall have occurred and be continuing, no such inspection shall be made more than once in any calendar year.

  • Unless a Charter Event of Default shall have occurred and be continuing, the Charterer shall not be required to disclose any confidential information or allow anyone to inspect confidential materials.

  • Provided no Charter Event of Default shall have ----------- occurred and be continuing, the Indenture Trustee agrees it will not exercise any remedies under the Indenture, the Ship Mortgage or any other Operative Document in such a manner that disqualifies the Vessel from engaging in U.S. coastwise trade.

  • In Technical Part the rates should be not filled under any circumstances.


More Definitions of Charter Event of Default

Charter Event of Default means any one or more Events of Default set forth in Article 21 of the Bareboat Charters or Article XIV of the Time Charters. "Charter Period" shall mean the period for which the related Time Charter, Bareboat Charter and Operating Lease are in effect. "Charters" shall mean any of the Bareboat Charters and the Time Charters. "Chicago Assignment of Charterhire" shall mean that certain Assignment of Charterhire dated as of the Delivery Date, executed by the Chicago Owner in favor of the Collateral Trustee. "Chicago Assignment of Insurances" shall mean that certain Assignment of Insurances dated as of the Delivery Date, executed by the Chicago Owner and the Bareboat Charterer in favor of the Collateral Trustee. "Chicago Bareboat Charter" shall mean that certain Bareboat Charter dated as of March 30, 1999, by and between the Chicago Owner and the Bareboat Charterer, as amended by Amendment No. 1 dated as of August 20, 1999, in respect of the OVERSEAS CHICAGO. "Chicago Finance Lease" shall mean that certain Finance Lease dated as of the Delivery Date, by and between the Chicago Owner and the Owner Trust pursuant to which the Chicago Owner will lease the OVERSEAS CHICAGO to the Owner Trust.
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Charter Event of Default means an Indenture Event of Default. ------------------------
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Charter Event of Default means, for each Charter, each of the events designated as a default in Clause 17 of such Charter.
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Related to Charter Event of Default

  • Owner Event of Default shall have the meaning set forth in Section 18.3.

  • Senior Event of Default means an Event of Default under the Senior Loan Documents.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Issuer Event of Default means the occurrence of any of the following events:

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • Event of Default has the meaning specified in Section 8.01.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Specified Event of Default means an Event of Default under Section 7.01(a), (b), (h) or (i).

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Guarantee Event of Default means a default by the Guarantor on any of its payment or other obligations under this Guarantee.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Potential Issuer Event of Default means any condition, event or act which, with the lapse of time and/or the issue, making or giving of any notice, certification, declaration, demand, determination and/or request and/or the taking of any similar action and/or the fulfilment of any similar condition, would constitute an Issuer Event of Default;

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Unmatured Event of Default means any event which, with the giving of notice, the passage of time or both, would constitute an Event of Default.