PCTC Vessels definition

PCTC Vessels means the Green Ridge, the Green Bay, the Green Cove and Green Lake pure car/truck carrier vessels.
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PCTC Vessels means the Green Ridge, the Green Bay, the Green
Sample 1
PCTC Vessels means the Green Ridge, the Green Bay, the GreenCove and Green Lake pure car/truck carrier vessels.
Sample 1

Examples of PCTC Vessels in a sentence

  • The closing of all transactions contemplated by the PCTC Transaction, including, but not limited to, the transfer of the PCTC Vessels to NYK Group Americas, Inc.

  • After the entry of the Confirmation Order, but prior to the Effective Date, and without any further corporate action or further order of the Bankruptcy Court, the Debtors shall be authorized but not directed to take any and all actions necessary to effect the PCTC Transaction, including the purchase of the leased PCTC Vessels knows as the Green Lake and the Green Cove from their applicable lessors, and the transfer of such vessels with the remaining PCTC Vessels to NYK Group Americas, Inc.

  • The two page PCTC Notice also provides, in relevant part:The currently proposed transaction provides that on the Effective Date of the Plan, the Debtors will sell up to four of the PCTC Vessels to NYK.

  • They are current on their post-petition obligations with respect to the PCTC Vessels and I am unaware of any liens, claims or encumbrances, other than (a) those of the holders of the Regions Facility Claims and the DVB Facility Claims and (b) maritime liens arising in the ordinary course of business, that will exist as of the Effective Date.

  • The Debtors are the current operators and sole possessors of each of the PCTC Vessels.

  • In Section 7.4(e) of the Solicitation Version of the Disclosure Statement [Doc.537] (the “ Disclosure Statement”), the Debtors disclosed that they were engaged in ongoing negotiations with one of their major customers, Nippon Yusen Kaisha (“NYK”),3 regarding thedisposition of four U.S. flagged PCTC Vessels (commonly known as the “PCTC Transaction”).

  • The Debtors are seeking to sell the PCTC Vessels free and clear of all liens, claims and encumbrances.

Related to PCTC Vessels

  • Vessels shall have the meaning set forth in the recitals.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • Passenger vessel means any boat, ship, vessel,

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Recreational vessel means a vessel—

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Pressure vessel means containers for the containment of pressure, either internal or external. This pressure may be obtained from an external source or by the application of heat from a direct or indirect source, or any combination thereof.

  • foreign vessel means any vessel other than a coastal vessel.

  • fishing vessel means a vessel used for catching fish, whales, seals, walrus or other living resources of the sea;

  • The Vessel means the vessel named in Box 5 and with particulars as stated in Boxes 6 to 12.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • Foreign-going vessel means any vessel other than a coastal vessel.

  • existing vessel means a vessel which is not a new vessel;

  • Ships means any or all of them;

  • passenger ship means a ship which carries more than 12 passengers;

  • Documented vessel means a vessel documented under chapter 121, title 46, United States Code or a vessel for which an application for such docu- mentation is pending.