Option Vessels definition

Option Vessels means each of the newbuilding vessels described in the Option Agreement.
Sample 1Sample 2Sample 3
Option Vessels means each of the 298,000 deadweight tonnage newbuilding vessels to be constructed by Dalian Shipbuilding Industry Co. Ltd. with hull numbers T3000-35 and T3000-36.
Sample 1Sample 2
Option Vessels have the meanings given to them in the Recitals.
Sample 1

Examples of Option Vessels in a sentence

  • Option Vessels: In connection with the IPO of Navios Midstream, Navios Acquisition granted options to Navios Midstream, initially exercisable until November 18, 2016, to purchase seven VLCCs (two of which, the Nave Celeste and the C.

  • Option Vessels In connection with the IPO of Navios Midstream, Navios Acquisition granted options to Navios Midstream, initially exercisable until November 18, 2016, to purchase seven VLCCs (two of which, the Nave Celeste and the C.

  • The Builder covenants and unconditionally and irrevocably undertakes with SFIC that it will forthwith thereupon enter into a contract or contracts with SFIC (or any other company nominated and guaranteed by SFIC) for the design, construction, equipment, completion and delivery to SFIC (or such other company) of such of the Option Vessels for which SFIC shall have exercised its option as aforesaid.

  • Option Vessels We have options, exercisable through November 18, 2018, to purchase the following three VLCCs from Navios Acquisition at fair market value.

  • The limitation of liability set forth in this Article 24.2 shall only be applicable to Option Vessel(s) and not the first eight (8) Vessels.

  • The parties confirm that the vessel constructed and sold by the BUILDER pursuant to the Second Contract is not considered one of the Option Vessels.

  • TORM A/S plans to take delivery of the LR2 Product Tanker Newbuildings between the fourth quarter of 2017 and the second quarter of 2018, with the Option Vessels available for delivery between the third quarter of 2018 and the third quarter of 2019.

  • Upon the Owner’s exercise of an option, as aforesaid, this Agreement shall be deemed amended to require the Builder to construct and deliver to the Owner, in accordance with all terms and conditions of this Agreement, the Option Vessel(s) ordered pursuant to the option.

  • On 30 November 2020, SITC Shipowning notified the Sellers to exercise of its rights under the Options for construction of two additional Option Vessels.

  • TORM A/S has not secured financing in connection with the Option Vessels.


More Definitions of Option Vessels

Option Vessels means each of the 298,000 dwt newbuilding vessels to be constructed by Dalian Shipbuilding Industry Co. Ltd., hull numbers T3000-35 and T3000-36, for delivery on or before June 30, 2010 and June 30, 2011 respectively.
Sample 1
Option Vessels means, in respect of the First Option, the First Option Vessels and, in respect of the Second Option, the Second Option Vessels.
Sample 1

Related to Option Vessels

  • 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.

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

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

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

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

  • Date of Option Grant means __________________.

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

  • 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.

  • 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.

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

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

  • 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.

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

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Option Units means the Common Units that the Partnership will agree to issue upon an exercise of the Over-Allotment Option.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 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.

  • Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the period starting on the Sale Date and ending on the earlier of (i) the close of the fifth business day after the Sale Date ( ), or (ii) the date on which the Underwriter has sold at least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such Hold-the-Offering-Price Maturity.

  • 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.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • 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.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.