Option Vessel definition

Option Vessel shall have the meaning provided in the Senior Notes Indenture (as in effect on the Effective Date and without giving effect to any further amendment, modification, supplement or waiver thereto).
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Option Vessel. ’ means any of them
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Option Vessel means the second Vessel to be constructed under this Agreement, in the event
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Examples of Option Vessel in a sentence

  • Article 3Application for allocation of payment entitlements in case of sale or lease using a contract clause pursuant to Article 24(8) of Regulation (EU) No 1307/2013In case of sale or lease using a contract clause in accordance with Article 24(8) of Regulation (EU) No 1307/2013, the application for the allocation of the payment entitlements shall be made by the buyer or the lessee respectively.

  • When the import price of Vityaz crude oil from Sakhalin is compared with Oman crude oil, which is similar in American Petroleum Institute (API) gravity and sulfur, the import price of Vityaz is higher than that of Oman.energy projects.

  • The National Assembly agreed to a consultation workshop with the NGO Forum on the 2011 draft budget following the success of the 2010 launch.

  • Payment of the consideration for the Option Vessels will be in stages in 5 installments in accordance with progress of the construction of the respective Option Vessel.

  • In addition, for each Option Vessel (and further optional vessels) declared by the Group, the Group will be granted one additional option vessel (“Further Option Vessels”) on a rolling basis under the Option Agreement.

  • If a Closing Delay Event occurs after the earlier to occur of the Interim Purchase Option Exercise Date and the service on the Seller by the Buyer of an Early Interim Purchase Option Exercise Notice and notification for exercise of the Interim Option has already been sent to the relevant Vessel Owner and (where relevant) Option Vessel Owner, the Closing Date shall only be postponed if the relevant Vessel Owner and (where applicable) Option Vessel Owner consents to such postponement.

  • If WETA exercises its option for the Option Vessel, WETA will pay Contractor the total fixed sum of $ for the Option Vessel based on the Schedule of Values for the Option Vessel included in the price proposal form contained in Exhibit XXX.

  • To the Seller's knowledge, no claims have been received from any governmental body regarding any environmental pollution caused in the course of the use of any of the Vessels or Option Vessel for which the Company or, as applicable, the Option Company may be held liable or in respect of which any action may be taken against the Company, the Option Company, a Vessel or an Option Vessel.

  • In the event that Contractor does not achieve Final Acceptance for the Option Vessel on or before date set forth in the option order, WETA may assess liquidated damages in the amount of $6,000 for each and every calendar day or part of a day over twelve (12) hours that the Contractor does not achieve Final Acceptance for the Option Vessel on or before the date specified in the option order.

  • At any time prior to December 31, 2021, WETA may, in its sole discretion, exercise an option for Contractor to perform the Work and all related tasks with respect to the Option Vessel in accordance with the Technical Specifications, Exhibit A.


More Definitions of Option Vessel

Option Vessel has the meaning given to it in the recitals;
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Option Vessel means any one of the four Vessels to be known as the Trico Surge, the Trico Seeker, the Trico Sovereign or the Trico Searcher, for which construction has been suspended under each of the Existing Option Construction Contracts and may, upon exercise by Trico Subsea AS of its option thereunder, be cancelled after July 15, 2010.
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Option Vessel and “Option Vessels” have the meanings given to them in the Recitals.
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Related to Option Vessel

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • ISO means an employee incentive stock option described in Section 422(b) of the Code.

  • Option means a stock option granted pursuant to the Plan.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Option Period means the period during which an Option may be exercised.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Option Date means, with respect to any Stock Option, the date on which the Stock Option is awarded under the Plan.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Option Contract means a standardised contract the effect of which is that a person acquires the option—

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Grant Date means the date on which the Committee adopts a resolution, or takes other appropriate action, expressly granting an Award to a Participant that specifies the key terms and conditions of the Award or, if a later date is set forth in such resolution, then such date as is set forth in such resolution.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.

  • Number of Option Shares means shares of Stock, as adjusted from time to time pursuant to Section 9.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Option A has the meaning assigned that term in Section 8.03(e).

  • NSO means a stock option not described in sections 422 or 423 of the Code.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • SAR means a stock appreciation right granted under the Plan.