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

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.
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.
At all times during the Security Period the Guarantor shall maintain Cash (including the Minimum Liquidity Amount and any contractually committed but undrawn parts of the Notes) in an amount of at least equal to $500,000 per Fleet Vessel.
The Borrower will, and will cause each of its Subsidiaries to, maintain insurance on the Collateral Vessels and any other Fleet Vessel in at least such amounts as are in accordance with normal industry practice for similarly situated insureds, against losses from oil spills and other environmental pollution.
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.

More Definitions of Fleet Vessel

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 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 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 Xxxxx XX LLC a limited liability company incorporated in the Xxxxxxxx Islands with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Xxxxxxxx Xxxxxxx XX 00000. GLNG means Golar LNG Limited a company incorporated in Bermuda with its registered office at Xxx-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 the Guarantor and/or any of its wholly owned direct or indirect subsidiaries.