Initial Charterparty definition

Initial Charterparty means, in relation to each Ship, the time charterparty in relation to that Ship as more particularly described in Schedule 2 to be in form and substance satisfactory to the Agent (acting upon the instructions of the Majority Lenders) and, in the plural, means all of them;
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Initial Charterparty means the time charterparty dated 7 March 2008 in relation to the Ship made between the Seller and the Charterer as amended and supplemented by a novation agreement dated 5 June 2008 made between the Owner, the Seller and the Charterer pursuant to which the Seller has novated that charterparty in favour of the Owner;
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Initial Charterparty means, in respect of:
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Examples of Initial Charterparty in a sentence

  • The Borrower shall procure that no Owner shall agree to an amendment or change or supplement to (in the case of Star L) the MOA or the Initial Charterparty to which it is a party.

  • No legal or administrative action involving the Borrower, the Owner or any other member of the Group (including, without limitation, any action relating to any alleged or actual breach of the ISM Code and the ISPS code and/or any action relating to the MOA and the Initial Charterparty) has been commenced or taken or, to the Borrower’s knowledge, is likely to be commenced or taken.

  • The Borrower will procure that the Owner will not agree to any amendment or supplement to (in the case of the Owner) the MOA or the Initial Charterparty.

  • No legal or administrative action involving the Borrower, either Owner or any other member of the Group (including, without limitation, any action relating to any alleged or actual breach of the ISM Code and the ISPS code and/or any action relating to the MOA and the Initial Charterparty) has been commenced or taken or, to the Borrower's knowledge, is likely to be commenced or taken.

  • The Borrower shall procure that no Owner shall agree to an amendment or change or supplement to (in the case of Star A) the MOA and the Initial Charterparty to which it is a party or shall procure that no Owner agrees to an amendment or change or supplement to the Initial Charterparty to which it is a party.

  • No legal or administrative action involving the Borrower, any Owner, any other Security Party or any other member of the Group (including, without limitation, any action relating to any alleged or actual breach of the ISM Code and the ISPS Code and/or any action relating to any Initial Charterparty) has been commenced or taken or, to the Borrower's knowledge, is likely to be commenced or taken.

  • The Borrower shall procure that no Owner shall agree to an amendment or change or supplement to the MOA or the Initial Charterparty to which it is a party.

  • The Borrower will procure that the Primary Owner will not agree to any amendment or supplement to (in the case of the Primary Owner) the MOA or the Initial Charterparty.

  • No legal or administrative action involving the Borrower, any Owner, any other Security Party or any other member of the Group (including, without limitation, any action relating to any alleged or actual breach of the ISM Code and the ISPS Code and/or any action relating to the MOA or any Initial Charterparty) has been commenced or taken or, to the Borrower's knowledge, is likely to be commenced or taken.

  • The Borrower shall procure that no Owner shall agree to an amendment or change or supplement to any Initial Charterparty to which it is a party or the Shares Purchase Agreement or shall procure that no Owner agrees to an amendment or change or supplement to any Initial Charterparty to which it is a party or the Shares Purchase Agreement.


More Definitions of Initial Charterparty

Initial Charterparty means, in relation to a Ship, a time charter of the Ship entered or to be entered into by the Owner owning that Ship and a charterer approved by the Agent effective on and from the acquisition of that Ship by the relevant Owner in form and substance satisfactory to the Agent and complying with the provisions of Clause 14.16;
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Initial Charterparty means each of Initial Charterparty A, Initial Charterparty B, Initial Charterparty C, Initial Charterparty D and Initial Charterparty E, and in the plural means all of them;
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Initial Charterparty means each of:
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Related to Initial Charterparty

  • Time Charter means the time charter party between Owners as owners and Stena Bulk AB (the "Time Charterers") as charterers effective attached hereto as Annex 1. "Agreement" means Part I, Part II, including Additional Clauses 21-31 as well as Annex 1.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Charterparty Assignment means, in relation to a Ship, the deed of assignment of any Charterparty in favour of the Security Trustee, in such form as the Lenders may approve or require;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • Charter contract or "contract" means a fixed-term, renewable contract

  • MOA means the Borrower’s Ministry of Agriculture;

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Mortgage Addendum means the addendum to the Mortgage in the agreed form.

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Agreement End Date has the meaning specified in Section 10.1(e).

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Existing ship means a ship which is not a new ship.

  • Certificate of Acceptance means written certification, delivered to Contractor and signed by an authorized representative of the State, stating that any Defects in a particular Phase or the Solution discovered after implementation and testing have been corrected as required under this Contract, and that the Phase complies in all material respects with all of the applicable Requirements.

  • Certificate of Coverage means a written certification provided by any source that offers medical care coverage, including the Plan, for the purpose of confirming the duration and type of an individual’s previous coverage.