Initial Charter definition

Initial Charter means with respect to each Vessel, the bareboat charter, dated as of December 24, 1996, between the Initial Charterer and the Owner.

Initial Charter has the meaning given to that term in Schedule 7 (Details of the Ships and other Definitions).

Initial Charter means, in relation to:

Examples of Initial Charter in a sentence

• Copy of the eligibility registration form Original bank letter from a reputable bank (and not being a bank registered in a country which is on the ‘blacklist’ of the Financial Action Task Force (FATF)) confirming that the Eligible Bidder will have access to sufficient funds, during the entire Tender period, to pay the total of its Bid Price and the Initial Charter Capital.

• The obligations of the Initial Charterer under the Initial Charter are guaranteed by Chevron Corporation (the "Guarantor") pursuant to the Chevron Guarantee.

• As of the date of this Assignment, the Owner has agreed to bareboat charter the Vessel to Chevron Transport Corporation (the "Initial Charterer") pursuant to the Initial Charter.

• As collateral security for its obligations under the Indenture, the Owner has and will assign, pledge, mortgage and grant the Indenture Trustee a security interest in, INTER ALIA, the Vessel, the Initial Charter and the Chevron Guarantee.

• It is hereby agreed that the Borrower's obligations under this Clause 13 to provide or furnish the Agent with any information regarding the Initial Charterer shall cease upon termination of the Initial Charter.

More Definitions of Initial Charter

Initial Charter means, for each Vessel, the bareboat charter between the related Owner and Chevron Transport dated the Closing Date, as the same may be amended from time to time. For any Vessel under an Acceptable Replacement Charter, in the event that such Acceptable Replacement Charter terminates, the Acceptable Replacement Charter shall be deemed to be an Initial Charter."

Initial Charter means, for each Vessel, the bareboat charter between the related Owner and Chevron Transport.

Initial Charter means the time charter party (as from time to time amended or novated) dated 31 January 1997 whereby the Initial Charterer has agreed to charter the Vessel from the Borrower for a period of approximately fifteen months from the Drawdown Date;

Initial Charter means the bareboat charter party (as from time to time amended or novated) dated 6 October 1997 whereby the Initial Charterer has agreed to charter the Vessel on a bareboat charter basis from the Borrower for a period of approximately six months from the Drawdown Date;

Initial Charter means, in respect of Ship B, the time charterparty dated 6 August 2012 made between Borrower B as owner and the Initial Charterer for a period of at least 22 months at a minimum daily charter hire of $10,000;

Initial Charter means, in respect of Ship C, the time charterparty dated 11 December 2014 (as evidenced by a recapitulation email dated 12 December 2014) made between Borrower C as owner and the Initial Charterer for a period of at least 14 months at a minimum daily charter hire of $12,850;

Initial Charter has the meaning given to it in Schedule 4 (Details of the Ships and Other Definitions).