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, 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."

Examples of Initial Charter in a sentence

• The Agency shall credit the Bid Deposit of a Provisional Winning Bidder to the total of the Highest Bid Price and the Initial Charter Capital to be paid to the Agency to complete the purchase of the Subsidiary.

• For the avoidance of doubt, the Share Sale Agreement and any related documents shall not be signed between the Agency (on behalf of the SOE) and the Provisional Winning Bidder until the total amount of the Highest Bid Price plus the Initial Charter Capital has been paid to the Agency, to the satisfaction of the Agency.

• The Winning Bidder shall, in addition to the winning bid price, reimburse the Agency for the Initial Charter Capital.

• Chevron Transport's perceived transportation requirements could justify termination of an Initial Charter regardless of the rates which would then be payable to charter a similar vessel and regardless of prevailing market prices for the purchase of a similar vessel.

• Initial Charter Contract dated August 27, 1999, issued by Central Michigan University Board of Trustees (“Central Michigan University”) to Charter School.

More Definitions of Initial Charter

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

Initial Charter means, in relation to:

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 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 in relation to:

Initial Charter means the time charter in respect of the Ship dated 10 August 2012 entered into between the Borrower and the Initial Charterer for a period of 3 years from Delivery Date at a minimum daily charterhire rate of $33,250 (less 2.50 per cent. commission on charterhire rate) and on other terms acceptable to the Lender;

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