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".

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").

Initial Vessels has the meaning ascribed thereto in Recital B hereof;

Examples of Initial Vessels in a sentence

• However, we have obtained loss of hire insurance that will generally provide coverage against business interruption for periods of more than 30 days (in the case of our VLCCs) or 30 days (in the case of our Aframaxes) per incident (up to a maximum of 120 days per incident), following any loss under our hull and machinery policy.The terms of the time charters for our Initial Vessels do not provide the charterers with an option to terminate the charter before the end of their respective terms.

• Extension at OSG’s sole option.The charterers for our Initial Vessels are wholly-owned subsidiaries of OSG.

• Basic Hire Basic Hire for Initial Vessels Under each time charter for our Initial Vessels, the daily charter rate for each such vessel, which we refer to as “basic hire,” is payable to us monthly in advance and will increase annually.

• 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.

• Security Vessel: Means the Initial Vessels, any Additional Vessels and (for the avoidance of doubt) any other dry bulk vessel owned by any Group Company.

More Definitions of Initial Vessels

Initial Vessels means, collectively, the vessels described in Schedule II hereto.

Initial Vessels means the initial five Vessels to be delivered under the Construction Contract.

Initial Vessels means the nine (9) dry bulk carriers that are set out in Schedule III hereto.

Initial Vessels has the meaning given to it in the recitals;

Initial Vessels means, collectively, each of the Vessels listed on Schedule A;

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").

Initial Vessels means together the Delivered Vessels and the Subsequent Vessels and Initial Vessel means any of them.