Examples of Internal Charterer in a sentence

Each Assignor that is an Internal Charterer and that in such capacity is the account debtor of any amount assigned hereunder or under any other Earnings Assignment, to the Assignee, hereby consents to such assignment and agrees to make, or cause to be made, all payments of such amounts assigned to an Earnings Account.
However, the Assignor will deliver, or cause to be delivered, a notice of such Insurance Assignment by an Internal Charterer to the underwriters.
However, the Assignor will deliver, or cause to be delivered, notice of such Insurance Assignment by an Internal Charterer to the underwriters.
Notwithstanding the foregoing, each Guarantor who is or becomes an Internal Charterer agrees to execute and deliver such Assignments.
Upon entering into an Internal Charter with respect to any Vessel, (a) to the extent any applicable Loan Party has not previously done so, deliver to the Collateral Agent an Earnings Assignment duly authorized, executed and delivered by each applicable Loan Party and each applicable Internal Charterer and (b) take all actions necessary to perfect and maintain the Liens of the Collateral Agent in the Earnings assigned pursuant thereto.

More Definitions of Internal Charterer

Internal Charterer means the Company or any Subsidiary that is not the owner of the relevant Vessel and that is a party to any Drilling Contract in respect of a Vessel.

Internal Charterer means any direct or indirect Subsidiary of the Borrower (other than a Local Content Subsidiary) that is party to an internal bareboat charter or other contract respecting the use or operations of any Collateral Rig but is not the relevant Collateral Rig Owner.

Internal Charterer means a Guarantor that has entered into a bareboat charter agreement with one or more Vessel Owners in respect of one or more Vessels.

Internal Charterer means a Restricted Subsidiary of the Issuer that has entered into a bareboat charter agreement with one or more Drilling Unit Owners in respect of one or more Drilling Units.

Internal Charterer means each internal charterer named as internal charterer pursuant to Schedule 2 (Guarantors and Collateral Rigs).

Internal Charterer means any member of the Guarantor Group which charters (or agrees to charter) the Vessel from the Owner or another member of the Guarantor Group.

Internal Charterer means any Guarantor that is a party to an Internal Charter or any other charter or contract for use of the Topaz Driller.