Examples of Initial Vessel in a sentence
In addition, the Vessel MOA, or, as applicable, the Initial Asset Newbuilding MOA, with respect to the relevant Initial Vessel or Contracted Vessel will automatically terminate with no further effect and without any right of indemnities or penalties.
The relevant Initial Vessel will be delivered to the Purchaser or, as applicable, to its Designated Subsidiary wherever such Initial Vessel may be at the designated Date of Closing.
Simultaneously with the transfer of title to any Initial Vessel on the applicable Initial Assets Date of Closing, the Purchaser or, as applicable, its Designated Subsidiary shall pay the relevant Initial Vendor the relevant purchase price for such Initial Vessel.
In the event of a Total Loss of an Initial Vessel or a Contracted Vessel, the Purchaser and the Initial Vendor or Contracted Vendor, as applicable, will be released from all their contractual obligations with respect to that Initial Vessel or Contracted Vessel hereunder.
The purchase price for each Initial Vessel shall be paid in cash.
No filings or recordings are required in order to perfect the security interests created under any Security Document except for filings or recordings to be made on the initial Borrowing Date pursuant to the Security Documents, and, to the extent no Security Documents are delivered to the Security Trustee on the initial Borrowing Date with respect to the Sixth Initial Vessel, on the date such Security Documents with respect to the Sixth Initial Vessel are delivered.
The Administrative Agent shall have received evidence from the Borrower that the aggregate purchase price of the Initial Vessels (or, to the extent no Subsidiary Guarantor has taken delivery of the Sixth Initial Vessel, of such Initial Vessels of which the Subsidiary Guarantors have taken delivery plus the amount of cash collateral delivered pursuant to Section 5.09) is at least Two Hundred Twenty Five Million Dollars ($225,000,000).
The Initial Vessel Application, Vessel Operator Permit Application, Initial Dealer Permit, RPH Application, Gillnet Tag Order Form, DAS Credit Request Form, LOA Request Form, VMS Power Down Exemption Request, VMS Certification Form, Missing Gillnet Tag Replacement Form, and Lobster Trap Tag Order Form, along with their respective instructions, can currently be found at http://www.greateratlantic.fisheries.noaa.gov.
PCT will prepare its quay-wall planning considering: • Pro-Forma Vessel schedules.• Vessel Berth Appointment• Initial Vessel Berthing request.• Detailed vessel call information.• Availability of quay-wall space.• Vessel Connections.• Submission of the Import Bay Plan and Export Pre-stowage.
As soon as practicable but in event no later than the applicable Closing Date for the relevant Vessel (except for the CMA CGM Château d’If), each Vendor and the Purchaser or, as applicable, its Designated Subsidiary, shall enter into a Vessel MOA in respect of that Vendor’s Contracted Vessel or Initial Vessel, as the case may be, in form and substance as agreed between the Parties, as set out in substantially the form of Schedule 2.6 hereto and subject to the terms of Section 2.6 hereof.