Examples of Initial Fleet in a sentence
The terms "Predecessor" and "Predecessor Business" refer to the owning companies of the four vessels that comprised our initial fleet (hereinafter referred to as our "Initial Fleet"), prior to their acquisition by us.
Franchise Fee Contractor shall pay to the City an annual Franchise Fee during the Term and any extensions equal to ten dollars ($10.00) per Bicycle which is based on the Initial Fleet released in the Service Area at the Launch Date.
Following our IPO we expanded our Initial Fleet and in 2014 and 2015 we acquired the Arctic Aurora, the Yenisei River and the Lena River, each a 2013-built ice class liquefied natural gas carrier, and the related time charter contracts, from our Sponsor, pursuant to our right to acquire such vessels under the Omnibus Agreement in effect at that time.
Sub-paragraph 5.4.7.1.1 is added to sub-paragraph 5.4.7 (Initial Fleet Reconfiguration and Reassignment) to allow Contractor to review and report all Fixed-Price vehicles that require remedial work that include Overdue regular maintenance; Open Repair Orders, and Deferred work.
In October 2013, we acquired from our Sponsor three LNG carriers, the Clean Energy, the Ob River and the Amur River (formerly named the Clean Force), which we refer to as our Initial Fleet.
The key functions and project activities of Qtectic are outlined below in Figure 3: Figure 3 – Key functions and project activities The NGR Project is delivered by Qtectic in two distinct phases: Phase 1: Design & Delivery • Design, manufacture, supply, test, and commission the Initial Fleet of Multiple Units and other related equipment (including Simulators); and• Design, construct, fit-out and commission of the Wulkuraka Maintenance Facility in Wulkuraka, Queensland.
As of April 28, 2014, we have paid a total of $660.4 million in installment payments due under our shipbuilding contracts for our Initial Fleet.
In accordance with sub-paragraph 3.2.3 (Initial Fleet Reconfiguration and Reassignment) of Exhibit A (Statement of Work), an initial Fixed-Price fleet size adjustment from the base fleet size of 4,800 units shall be made within the first five (5) business days after the Work Start Date, and will be effective retroactively to the Work Start Date.
The Group’s Initial Fleet consists of two medium range (MR) Product tankers and one MR Product tanker in newbuild.
The Customer may, at its option, have a meter removed at any time in order to not be subject to the base monthly fee.