Fleet Vessel means a Ship and any other vessel owned, operated, managed or crewed by any member of the Borrower’s Group;

Fleet Vessel means any of them;

Examples of Fleet Vessel in a sentence

A TSP Operating Agreement will provide for each Fleet Vessel, an annual payment, subject to the availability of appropriations, equal to $6,000,000 for each of fiscal years 2022 to 2035.
Where, with the agreement of the Scottish Ministers, the Operator provides a vessel not being a Fleet Vessel then it will fly the house flag but will not require to be painted in the Caledonian MacBrayne livery.
At any time that the number of Fleet Vessels exceeds ten in total, the Minimum Cash requirement shall be reduced to an amount of $500,000 for each Fleet Vessel that exceeds ten.
The fair market value of a Fleet Vessel (other than the Vessel and the Other Vessel) shall be determined for any other Fleet Vessel (other than the Vessel and the Other Vessel), pursuant to any required methodology pursuant to any contractual obligation addressing the manner in which such other Fleet Vessel is to be appraised or valued (or if there is no such other required methodology, in a manner mutually acceptable to the Borrower and the Agent).
The arithmetic mean of such two (2) valuations shall constitute the value of a Fleet Vessel for the purposes of this clause 5.3.3 and the other provisions of this Guarantee and the other Security Documents.

More Definitions of Fleet Vessel

Fleet Vessel means any vessels (including, but not limited to, the Vessel) from time to time owned by a member of the Group (directly) but excluding, for the avoidance of doubt, any newbuilding vessels not delivered to the relevant member of the Group at the relevant time, which, at the relevant time, are included within the Total Assets of the Parent Company in the balance sheet of the Accounting Information and “Fleet Vessels” means any or all of them as the context may require;

Fleet Vessel means each vessel owned by a wholly owned direct or indirect subsidiary of the Borrower (including, but not limited to, the Ships);

Fleet Vessel has the meaning given to such term in Clause 25.2 (Financial covenant definitions).

Fleet Vessel means the Ship and any other vessel owned, operated, managed or crewed by any Group Member, TMT Co. Ltd. or any Subsidiaries of TMT Co. Ltd. GAAP means International Accounting Standards, International Financial Reporting Standards and related interpretations as amended, supplemented, issued or adopted from time to time by the International Accounting Standards Board to the extent applicable to the relevant financial statements.

Fleet Vessel means each Ship and any other vessel owned, operated, managed or crewed by any Group Member. GAAP means, as applicable, generally accepted accounting principles in the United Kingdom, generally accepted accounting principles in United States of America or International Accounting Standards, International Financial Reporting Standards and related interpretations as amended, supplemented, issued or adopted from time to time by the International Accounting Standards Board to the extent applicable to the relevant financial statements. General Partner means Gxxxx XX LLC a limited liability company incorporated in the Mxxxxxxx Islands with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Mxxxxxxx Xxxxxxx XX 00000. GLNG means Golar LNG Limited a company incorporated in Bermuda with its registered office at Pxx-xx-Xxxxx Xxxxx, Xxx-xx-Xxxxx Xxxx, Xxxxxxxx XX00, Bermuda. GLNG Option Agreement means the option agreement dated 1 November 2012 entered into between the Bareboat Charterer of Ship B, the Borrower and GLNG.

Fleet Vessel means each vessel owned by a wholly owned direct or indirect subsidiary of the Guarantor (including, but not limited to, the Ships).