Newbuilding Contracts definition

Newbuilding Contracts means (A) the shipbuilding contracts respectively entered into individually between each of SPV 1, SPV 2, SPV 3, SPV 4 and SPV 5 with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (“DSME Builder”), for the construction and purchase of an 300,000 TDW Crude Oil Tanker with, respectively, DSME Builder’s hull numbers 5404 (to be purchased by SPV 1), 5405 (to be purchased by SPV 2), 5406 (to be purchased by SPV 3), 5407 (to be purchased by SPV 4) and 5408 (to be purchased by SPV 5), dated December 13, 2013 (as the same have been amended, supplemented from time to time (including any side letters and addenda)); and (B) the shipbuilding contracts respectively entered into individually between each of SPV 6 and SPV 7 with Hyundai Samho Heavy Industries Co., Ltd. (“HHI Builder”) for the construction and purchase of an 300,000 DWT Crude Oil Carrier with respectively, HHI Builder’s hull numbers S777 (to be purchased by SPV 6) and S778 (to be purchased by SPV 7), dated December 20, 2013 (as the same have been amended, supplemented from time to time (including any side letters and addenda)).
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Newbuilding Contracts means each of the agreements entered into between the Group and the respective shipyard for the building of vessels of the ▇▇▇.▇▇▇▇ Fleet.
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Newbuilding Contracts means twelve separate shipbuilding contracts to which the Subsidiaries, as of the date hereof, are parties to with New Times, each of which sets out the terms for the construction and delivery of one Newcastlemax bulk vessel of 210,000 dwt by New Times to a Subsidiary, and any further newbuilding contract to be entered into by the Group.
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Examples of Newbuilding Contracts in a sentence

  • Any descriptions of the terms of the MoAs, the Newbuilding Contracts, the Charters and the Credit Facilities, as applicable, that are contained in the Registration Statement, the General Disclosure Package and the Prospectus are accurate and fair in all material respects.

  • The Registration Statement, the General Disclosure Package and the Prospectus contain a summary of the terms of the MoAs, the Newbuilding Contracts, the Charters and the Credit Facilities, which summaries are accurate and fair in all material respects.

  • Any descriptions of the terms of the Newbuilding Contracts, the Charters and the Credit Facilities, as applicable, that are contained in the Registration Statement, the Pricing Disclosure Package and the Prospectus are accurate and fair in all material respects.

  • The Registration Statement, the General Disclosure Package and the Prospectus each contains a summary of the terms of each of the MoAs, the Newbuilding Contracts, the Charters, the Credit Facilities, the Stockholder Rights Agreement and the Transaction Documents, which summaries are accurate and fair in all material respects.


More Definitions of Newbuilding Contracts

Newbuilding Contracts means Newbuilding Contract No. 1, Newbuilding Contract No. 2, Newbuilding Contract No. 3, Newbuilding Contract No. 4, Newbuilding Contract No. 5, Newbuilding Contract No. 6, Newbuilding Contract No. 7, or as many of them as the context requires. "Olympics" shall mean the ▇▇▇▇▇▇▇▇ Islands flag Suezmax tanker vessel "Athenian Olympics" owned by Deep Seas Company Ltd. more particularly described in Schedule I. "Owners Nominated Supervisor" shall mean the person or persons nominated by the relevant Seller pursuant to Article 4 Clause 1 thereof to be a "Buyer's Representative" under any relevant Shipbuilding Contract. "Petrobras" shall mean Petroleo Brasiliero S.A. - Petrobras of Rio de Janeiro, Brazil. "Purchase Price" shall mean the purchase price payable by OMI (or the relevant Buyer) to the relevant Sellers in respect of each Vessel or Newbuilding as provided in Clause 6. "Refund Guarantees" shall mean the refund guarantees issued by KOEXIM pursuant to Article X.Clause 8 of each Newbuilding Contract in favour of the relevant Seller and "Refund Guarantee" shall mean the relevant one of them. "Sellers" shall mean the companies listed in Schedule I as owners of the Vessels and as "BUYERS" under the Newbuilding Contracts, each a company incorporated in Liberia and having its registered offices at ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇. "Side Agreement" and "Side Agreements" shall mean the series of side agreements each dated 21st November 2002 and made between each of the relevant Sellers as buyers for the first part and the Builder of the second part, in connection with each of the Newbuilding Contracts, and pursuant to which both parties have agreed that the Contract Price payable under the relevant Newbuilding Contract includes the amount of US Dollars Eight Hundred and Nineteen Thousand (US$819,000) as a reserve fund (the "Reserve Fund") for the payment of extra costs, if any, which may be incurred and payable by the Seller as buyer in respect of technical modifications to the Vessel during construction. The Reserve Fund or the balance thereof after paying such extra costs (if any) payable by the Sellers as buyers to the Builder pursuant to the relevant Newbuilding Contract shall be credited or paid to the Seller as buyer in respect of each Vessel on delivery in accordance with the terms and conditions of the relevant Side Agreement. "ST Shipping" shall mean ST Shipping and Transport Inc. of Baar, Switzerland. "Umbrella Agreement" shall mean the umbrella agreem...
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Newbuilding Contracts means the (i) Contract for the Construction and Sale of Hull 1837 by and between Hydra Owners and Samsung Heavy Industries Co., Ltd. and (ii) the Contract for the Construction and Sale of Hull 1838 by and between Paros Owners and Samsung Heavy Industries Co., Ltd., each dated September 17, 2007. Orders means judgments, writs, decrees, compliance agreements, injunctions, rules, awards, settlement agreements or orders of any Governmental Body or arbitrator. Person means any individual, firm, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization, government or agency or subdivision thereof or any other entity. Proceeding means an action, suit, litigation, claim, investigation, legal, administrative or arbitration proceeding.
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Newbuilding Contracts means Newbuilding ▇▇▇▇▇▇▇▇ ▇▇. ▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇. ▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ No. 7, or as many of them as the context requires.
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Newbuilding Contracts means each of the agreements entered into between the Group and the respective shipyard for the building of vessels of the CMB.TECH Fleet.
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Newbuilding Contracts means the three (3) shipbuilding contracts listed on Exhibit B of the Credit Agreement Amendment, as such contracts are in effect as of the Effective Date.
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Related to Newbuilding Contracts

  • Building Contract means a contract entered into between the Grant Recipient and a Building Contractor relating to the construction, repair, refurbishment, conversion, development and/or Rehabilitation (as applicable) of a Firm Scheme; Building Contractor means any building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • Shipbuilding Contract means each of the Vessel A Shipbuilding Contract and the Vessel B Shipbuilding Contract and in the plural means both of them;

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Building Contractor means, subject to paragraphs (4) and (5), a person carrying on any business in the building or construction industry;

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;