New Vessels definition

New Vessels means the two (2) newbuild cruise vessels each not larger than m.v. “NORWEGIAN EPIC” (ex hull no C33 (sometimes known as D33) at STX France S.A.) in terms of number of passenger cabins or gross or net tonnage, not on order by NCLC or any of its wholly owned subsidiaries on the Effective Date (as defined in supplemental deeds dated 22 July 2010 to each of the Senior Loan Agreements).
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New Vessels means Hull No. [*] and Hull No. [*];
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New Vessels means Vessel 1 and Vessel 2.
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Examples of New Vessels in a sentence

  • The Owners undertake not to agree or to permit any changes to the Building Contracts which are likely have an adverse effect on the Market Value of the New Vessels or otherwise materially alter the Vessels, including any change in class notation.

  • The Borrowers have requested an increase to the Maximum Loan Amount to two hundred and forty six million five hundred and thirty three thousand seven hundred and sixty three dollars 87/100 (USD246,533,763.87) to be split into (i) Existing Tranche A, Existing Tranche B and Existing Tranche C to assist the Borrowers to finance the Existing Vessels and (ii) the New Tranche which shall be advanced to Borrower B, in order to assist Owner C to finance the New Vessels (the "Request").

  • The Construction Contract for the New Vessels is in full force and effect, the Company and the Sellers are aware of no defaults by any party to the Construction Contract and the control of the Company and the Construction Contract will be assigned to the Company or another entity or entities designated by the Buyer without the payment of additional funds but with the consent of the Builder.

  • The New Vessels will be constructed at the shipyard of the Builder and are currently expected to be delivered within the second half year of 2015.

  • Offshore Wind Energy: Planned Projects May Lead to Construction of New Vessels in the U.S., but Industry Has Made Few Decisions amid Uncertainties.


More Definitions of New Vessels

New Vessels means Vessel H and Vessel I, and "New Vessel" means either one of them.
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New Vessels means Xxxxxx 00, Xxxxxx 00, Xxxxxx 21 and Vessel 22 as set out in Schedule 7.
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New Vessels means all vessels which are being constructed or will be constructed under the Construction Contract.
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New Vessels means each of “NAVIOS ASTERIKS”, “NAVIOS AURORA” and “NAVIOS ORBITER” as in at any relevant time subject to a New Mortgage;
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New Vessels means the two 1400-45 LNG containerships to be constructed by Guoyu Shipyard.
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New Vessels has the meaning given to such terms in Clause 27 (Collateral Vessel Sale and Substitution)
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New Vessels means (1) xxx xxxxm crude oil aframax tanker and/or suezmax tanker all of double hull and not to be build before 1996 and (ii) such other double hull crude oil tanker vessels as shall be approved from time to time by all of the Lenders, purchased by the Borrower after the date of this Agreement and which has been approved by the Lenders to be entered into the Security Pool (such approval not to be unreasonably withheld).
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