NCLA Business definition

NCLA Business means the operations and business conducted by NCL America Holdings and its subsidiaries, which include the operation of the Pride of America Vessel and the Pride of Aloha Vessel and, until the Jade Transfer has been completed, the Jade Vessel;
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NCLA Business means the operations and business conducted by NCLA and its Subsidiaries, which include the operation of the America Vessel and the Aloha Vessel and, until the Jade Transfer has been completed, the vessel “Pride of Hawai’i”. “NCLA Capital Expenditures” means, for any period, the aggregate amount of any capital expenditures made by NCLA and any of its Subsidiaries in such period with respect to the NCLA Business (including any capital expenditures made in relation to the vessel “Pride of Hawai’i” until the Jade Transfer has been completed). “NCLA Cash Losses” means the amount, if negative, of the sum of (i) NCLA EBITDA, less (ii) NCLA Capital Expenditures, less (iii) interest paid or accrued on the Allocable NCLA Indebtedness at the Blended Rate, in each case in respect of the period beginning on the Effective Date and ending on the NCLA Valuation Date and in each case as reflected on the NCLA Financial Statements or the accounting books and records of NCLA. “NCLA Continuation Agreement” has the meaning set forth in Section 2.4(a). “NCLA EBITDA” means, for any period, the sum of (i) net revenues, less (ii) ship operating expenses and selling, general and administrative expenses as allocated in a manner consistent with past practice as included in management reports, in each case as determined in accordance with GAAP and as reflected in the NCLA Financial Statements or the accounting books and record of NCLA. For the avoidance of doubt, (a) any Shared Overhead Expenses which are incurred by the Company and its Subsidiaries in any such period shall be included (without duplication) in the calculation of NCLA EBITDA for such period, and (b) any Shut Down Costs, Post-Termination Expenses or Early Redeployment Expenses which are incurred in any such period shall not be included in the calculation of NCLA EBITDA for such period. “NCLA Financial Statements” means the consolidated financial statements of NCLA and its Subsidiaries prepared by the Company from time to time in accordance with GAAP consistent with past accounting policies and practices. “NCLA Undertakings” means the collective rights, obligations and covenants set forth in Section 2.1. “NCLA Valuation Date” has the meaning set forth in Section 2.3(c). “NCLA Wind-up Determination” has the meaning set forth in Section 2.4(b). “Notice Date” has the meaning set forth in Section 2.3(c). “Payment” has the meaning set forth in Section 3.1. “Post-Termination Expenses” means all of the (a) costs and expenses wi...
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NCLA Business means the operations and business conducted by NCL America Holdings and its subsidiaries, which include the operation of the Pride of America Vessel and, until the Jade Transfer has been completed and the Second Restatement Date respectively, the Jade Vessel and the Norwegian Sky Vessel;
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Examples of NCLA Business in a sentence

  • Following any decision to shut down the NCLA Business, any decision to sell or otherwise dispose of any of the assets of the NCLA Business (other than the Pride of America Vessel, the Pride of Aloha Vessel and their respective related assets) as part of the Shut Down Procedure shall be determined solely by Star.

  • In the event that the Guarantor and Star have not entered into the NCLA Continuation Agreement by the end of such thirty (30) day period or the Guarantor provides to Star notice prior to the expiration of such thirty (30) day period that the Guarantor has elected to shut down the NCLA Business (either such circumstance, the “NCLA Wind-up Determination”) the parties shall consummate the Wind Up Transactions.

  • Star and Investor I have agreed (the “NCLA Undertakings”) to cause the Guarantor to conduct the NCLA Business in the usual and ordinary course of business after the Closing Date.

  • In the event that the Borrower and Star have not entered into the NCLA Continuation Agreement by the end of such thirty (30) day period or the Borrower provides to Star notice prior to the expiration of such thirty (30) day period that the Borrower has elected to shut down the NCLA Business (either such circumstance, the “NCLA Wind-up Determination”) the parties shall consummate the Wind Up Transactions.

  • Following any decision to shut down the NCLA Business, any decision to sell or otherwise dispose of any of the assets of the NCLA Business (other than the Vessel, the Pride of Aloha Vessel and their respective related assets) as part of the Shut Down Procedure shall be determined solely by Star.

  • Star and Investor I have agreed (the “NCLA Undertakings”) to cause the Borrower to conduct the NCLA Business in the usual and ordinary course of business after the Closing Date.

  • Following any decision to shut down the NCLA Business, any decision to sell or otherwise dispose of any of the assets of the NCLA Business (other than the Pride of America Vessel, the Norwegian Sky Vessel and their respective related assets) as part of the Shut Down Procedure shall be determined solely by Star.

  • In the event that the Guarantor and Star have not entered into the NCLA Continuation Agreement by the end of such thirty (30) day period or the Guarantor provides to Star notice prior to the expiration of such thirty (30) day period that the Guarantor has elected to shut down the NCLA Business (either such circumstance, the “NCLA Wind-up Determination") the parties shall consummate the Wind Up Transactions.

  • The net proceeds of such sales or disposals will be used to reduce the costs reimbursable to the Company by Star in connection with any shut down of the NCLA Business.

  • Given that for the purposes of the Share Subscription, the value of the NCLA Business (including the vessels, namely, the Pride of America and the Pride of Aloha) has been excluded, any decision to sell or otherwise dispose of any of the assets of the NCLA Business (other than the Aloha Assets and the America Assets) shall be determined solely by Star.

Related to NCLA Business

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Company Business means the business of the Company as presently conducted.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Trust business means the business of acting as trustee, executor or administrator;

  • Micro Business means a company which either:

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Retained Businesses means all businesses now, previously or hereafter conducted by Parent, the Sellers or any of their Subsidiaries or Affiliates, other than the Business.

  • Licensed Business means the activities connected with the conveyance of

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Separate Business means each of the activities of the Licensee connected

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Financial Services Business for purposes of this Unit Agreement shall mean the business of banking, including deposit, credit, trust and investment services, mortgage banking, asset management, and brokerage and investment banking services. (C) The term "Managerial Responsibilities" for purposes of this Unit Agreement shall mean managerial and supervisory responsibilities and duties that are substantially the same as that Grantee is performing for SunTrust or a SunTrust Affiliate on the date of this Unit Agreement. (D) The term "SunTrust Affiliate" for purposes of this Unit Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of §424(f) of the Code) of SunTrust except a corporation which has subsidiary corporation status under §424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate, conservatorship, guardianship or agency. (E) The term "Territory" for purposes of this Unit Agreement shall mean the states of Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, which are the states and Territories in which SunTrust has significant operations on the date of this Unit Agreement. (F) "Trade Secret" for purposes of Unit Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans, or a list of actual or potential customers or suppliers that: (i) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from it is disclosure or use, and (ii) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.