Contracted Vessels definition
Contracted Vessels means, collectively, each of the Vessels listed on Schedule B;
Contracted Vessels hereinafter refers to all of the vessels named in Schedule III(b) hereto. The agreements listed in Schedule VIII hereto are collectively referred to as the “Operative Agreements”. This is to confirm the agreement among the Partnership Parties and the Underwriters concerning the purchase of the Securities from the Partnership by the Underwriters.
Contracted Vessels means those 7 (seven) Vessels in respect of which, as at the date of this Agreement, certain of the Owners have entered into Shipbuilding Contracts, as set out in Schedule 2 Part B;
Examples of Contracted Vessels in a sentence
Each Party shall bear its own costs, fees and expenses and the Vendors will have no further undertaking to sell the Contracted Vessels and the Purchaser will have no undertaking to purchase the Contracted Vessels.
Simultaneously with the transfer of title to any Contracted Vessel on the applicable Contracted Assets Date of Closing, the Purchaser or, as applicable, its Designated Subsidiary shall pay the relevant Contracted Vendor the relevant purchase price for such Contracted Vessel; provided that, the Prepaid Amount shall be applied to the first two Contracted Vessels (or one Contracted Vessel if it is the Newbuilding) to be delivered after the date hereof.
More Definitions of Contracted Vessels
Contracted Vessels has the meaning given to it in the recitals;