Multipartite Agreement definition

Multipartite Agreement means the agreement between the Owners, the Sellers and other Collateral Charterers, and the Sub-Charterer providing for, inter alia, confirmation by the Sub-Charterer that it accepts (1) the Owners as new owners of the Vessel, (2) the Mortgagee and its security interest in the Vessel and (3) the step-in rights and other arrangements set out therein;
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Multipartite Agreement means an agreement so named granting Goro Nickel specified rights in respect of the operation and maintenance of the Facility in certain circumstances, the parties to which will include Goro Nickel, Enercal and Prony;
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Multipartite Agreement means the multipartite agreement (as amended and supplemented from time to time) between, amongst others, the Owners (as sub-bareboat charterer) and the Charterers (as head bareboat charterer and time charterer) dated or to be dated (as the case may be) on or about the date of this Charter.
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Examples of Multipartite Agreement in a sentence

  • For the purposes of this Charter, “Transaction Documents” means, together, this Charter, the Multipartite Agreement, the MOA and the Guarantee.

  • The provisions respecting redelivery of the Vessel as set forth in Sections 4(c), 4(d)(ii), 4(e), 4 (f), 4(g), and 4(h) shall not be applicable in the event that the Charterer acquires the Vessel pursuant to the terms and conditions of Section 12(a) or 12(b), as the case may be, and/or clause 5 of the Multipartite Agreement.

  • Upon termination or expiration of this Charter (unless the Charterer acquires the Vessel pursuant to the terms and conditions of Section 12 of this Charter or, as the case may be, the Charterer (or, as the case may further be, the Charterer’s nominee) acquires the Vessel pursuant to the terms and conditions of clause 5.1 of the Multipartite Agreement), the Charterer shall be deemed to have automatically re-assigned all its rights and interests in the Assigned Interests to the Owner.

  • The Charterer acknowledges and agrees that the Head Owner may transfer its ownership of the Vessel to another entity during the term of this Charter subject to clause 2.5 of the Multipartite Agreement.

  • This Charter may not be cancelled or terminated, except in accordance with the express provisions of this Charter and the Multipartite Agreement, for any reason whatsoever.

  • All amounts (other than Basic Charter Hire) to be paid by the Charterer to the Owner under this Charter, and all indemnities, fees, costs and other expenses whatsoever incurred by: (A) the Owner under, or in connection with, the Transaction Documents (or any of them) and the transactions contemplated thereby; and (B) by the Head Owner under, or in connection with, this Charter, the Bareboat Charter, the Multipartite Agreement and the transactions contemplated thereby, shall be deemed “Additional Hire”.

  • Without prejudice to any provision of the Multipartite Agreement, in the event that electricity delivered to Goro Nickel under this Agreement does not comply with the specifications set out in this schedule 7, such failure will be referred to the ESA Coordinating Committee which will determine the appropriate actions to be undertaken by Enercal to ensure that the failure is rectified and any further such failure is prevented.