Chartered Vessel definition

Chartered Vessel means any Vessel leased, chartered, subleased or subchartered by a Grantor or any Subsidiary pursuant to one or more Chartered Vessel Documents.

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Chartered Vessel means a vessel flying the flag of a contracting or cooperating non-contracting party of a relevant regional fisheries management organisation, which is contracted by an operator in another member state for a defined period of time, without a change of flag;

Chartered Vessel shall have the meaning specified in Section 3.9.

Examples of Chartered Vessel in a sentence

• Each Vessel and Chartered Vessel owned, leased or operated by a Restricted Party complies with the requirements of the ISM Code and the ISPS Code in all material respects, including the maintenance and renewal of valid certificates pursuant thereto.

• Additionally, when a Time Chartered Vessel is used for shipping a Cargo, a demurrage rate will be agreed between the Parties for the voyage.

• Each of the Vessels covered by a Chartered Vessel Document is duly documented (or upon delivery by the shipyard building the same will be duly documented) in the name of the owner thereof and the relevant Chartered Vessel Documents are or shall be in full force and effect.

• Promptly, from time to time, such other information regarding the operations, business affairs and financial condition of any Company, or compliance with the terms of any Loan Document, or the environmental condition of any Vessel, Chartered Vessel or Real Property, as the Administrative Agent, the Collateral Agent or any Lender may reasonably request.

• Each Vessel owned by a Restricted Party and each Chartered Vessel demise chartered by a Restricted Party is operated in compliance with all applicable Legal Requirements, except where the failure to so comply would not reasonably be expected to result in a Material Adverse Effect.

• Schedule 7a sets forth for each Vessel, (a) its name, (b) its owner, (c) the arrangements (including intercompany arrangements) pursuant to which the Vessel is chartered or operated by any Grantor, (d) its class description, (e) the name of its classification society, (f) its shipyard and year in which the Vessel was constructed and (g) any and all applicable Chartered Vessel Documents.

• Each Vessel owned by a Restricted Party and each Chartered Vessel demise chartered by a Restricted Party is operated in compliance with all applicable Legal Requirements (including the J▇▇▇▇ Act), except where the failure to so comply would not reasonably be expected to result in a Material Adverse Effect.

• Schedule 3.29 sets forth, as of the Closing Date, for each Vessel, (a) its name, (b) its owner, (c) the arrangements (including intercompany arrangements) pursuant to which the Vessel is chartered or operated by any Credit Party or Subsidiary as of the Closing Date, (d) its class description, (e) the name of its classification society, (f) its shipyard and year in which the Vessel was constructed and (g) any and all applicable Chartered Vessel Documents.

• Schedule 4.28 sets forth, as of the Closing Date, for each Vessel, (a) its name, (b) its owner, (c) the arrangements (including intercompany arrangements) pursuant to which the Vessel is chartered or operated by any Loan Party or Subsidiary as of the Closing Date, (d) its class description, (e) the name of its classification society, (f) its shipyard and year in which the Vessel was constructed and (g) any and all applicable Chartered Vessel Documents.

• At no time on or after the Closing Date shall Holdings directly own or charter any Vessel or Chartered Vessel.

More Definitions of Chartered Vessel

Chartered Vessel has the meaning specified therefor in the Credit Agreement.

Chartered Vessel means Insured Vessel which is chartered by the Assured