Initial Vessels definition

Initial Vessels means Vessel A, Vessel B, Vessel C, Vessel D, Vessel E, Vessel F and Vessel G, and each an "Initial Vessel".
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Initial Vessels means the Vessels listed in Schedule 7 Part 1 and everything now or in the future belonging to them on board and ashore (each an "INITIAL VESSEL").
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Initial Vessels means the initial five Vessels to be delivered under the Construction Contract.
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Examples of Initial Vessels in a sentence

  • The Borrower has requested that the Lender advance an aggregate amount of up to $401,000,000 to the Borrower in order (a) together with the proceeds of the IPO, to assist in the financing of the Initial Vessels, (b) to provide working capital in an amount up to $15,000,000, and (c) to finance all or a portion of the purchase price of Additional Vessels.

  • On November 26, 2008, DHT entered into an agreement with OSG whereby OSG exercised its option to extend the charters for the Initial Vessels upon expiry of the vessels’ initial charter periods.

  • The memoranda of agreement, time charters and other contractual agreements DHT has with OSG and its affiliates with respect to the vessels acquired from OSG in connection with DHT’s establishment in 2005 (the “Initial Vessels”) were made in the context of an affiliated relationship and were negotiated in the overall context of the public offering of DHT Holdings’ shares, the purchase of the Initial Vessels and other related transactions.

  • This decline was primarily attributable to lower additional hire in 2010 from the Initial Vessels that OSG operates in pools and higher general and administrative expenses.

  • The Distribution Key for the Initial Vessels is attached as Schedule D hereto.


More Definitions of Initial Vessels

Initial Vessels has the meaning ascribed thereto in Recital B hereof;
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Initial Vessels means, collectively, the vessels described in Schedule II hereto.
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Initial Vessels means the six (6) dry bulk carriers that are set out in Schedule III hereto.
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Initial Vessels means the following Vessels: Vessels flagged in Liberia:
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Initial Vessels means each of the CSCL Vessels, Hapag-Xxxxx Vessels and the Maersk Vessels, which are listed in Part 1 of Schedule 1 (Original Parties) and Initial Vessel means any of them.
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Initial Vessels the CLIPPER ATLANTIC, the CLIPPER GOLDEN HIND, the CLIPPER HARMONY, the CLIPPER PACIFIC and the XXXXXX XXXXXXX;
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Initial Vessels has the meaning ascribed to it in Clause 3.1.
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