Fleet Vessel definition

Fleet Vessel means a Ship and any other vessel owned, operated, managed or crewed by any member of the Borrower’s Group;
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Fleet Vessel means any of them;
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Fleet Vessel means each Ship and any other vessel directly or indirectly owned by any Obligor. 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.
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Examples of Fleet Vessel in a sentence

  • For each Fleet Vessel (a) the relevant ship fuel oil consumption data certificate as provided to the Recognised Organisation and (b) the relevant Statement of Compliance by a Recognised Organisation, confirming inter alia the required variables to calculate the Vessel AER.

  • 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 AER with respect to any Fleet Vessel is computed for all voyages performed by the Fleet Vessel over a calendar year.

  • Notwithstanding the terms contained in Clause 10.15.1(b) above, all valuations of the Vessel, the Other Vessel or any Fleet Vessel shall be made on a “desk-top” basis and on the basis of a charter-free sale for prompt delivery for cash at arm’s length, on normal commercial terms as between a willing buyer and a willing seller.

  • 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 has the meaning given to such term in Clause 25.2 (Financial covenant definitions).
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Fleet Vessel means any ship (including, but not limited to the Ships) from time to time wholly owned, leased, managed or chartered in under capital leases by the Guarantor (directly or indirectly).
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Fleet Vessel means each vessel owned by a wholly owned direct or indirect subsidiary of the Borrower (including, but not limited to, the Ships);
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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;
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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.
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Fleet Vessel shall have the meaning set out in Clause 20.2 (Guarantor's financial covenants).
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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 ▇▇▇▇▇ ▇▇ LLC a limited liability company incorporated in the ▇▇▇▇▇▇▇▇ Islands with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇. GLNG means Golar LNG Limited a company incorporated in Bermuda with its registered office at ▇▇▇-▇▇-▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇-▇▇-▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇, 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.
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