Examples of Petrobras Charter in a sentence
Duly executed originals (other than any bareboat charter agreement, a certified copy of which shall be provided) of each of the documents required pursuant to Clause 16.35 (Petrobras Charter), notarised, legalised and/or apostilled as necessary.
The Management Committee will meet at least once every two months during the construction of the Vessel and once every six months during the duration of the Petrobras Charter and subsequent drilling contracts.
Copies of such other documents and/or legal opinions which, based on legal advice received from the relevant advisers referred to in this Agreement and which are reasonably required to evidence the legality, validity and enforceability of the obligations of the parties to any Finance Document or any of the documents required pursuant to Clause 16.35 (Petrobras Charter) being delivered on the Delivery Loan Utilisation Date.
The Owner shall be obliged to prepay the whole of the Loans then outstanding (and each Lender’s Commitments shall be immediately cancelled) in the event that the requirements and obligations under clause 16.35 (Petrobras Charter) of the Sister Loan Agreement have not been satisfied in accordance with clause 16.35 (Petrobras Charter) of the Sister Loan Agreement on or before the Delivery Date (as that term is defined in the Sister Loan Agreement).
On the Delivery Date the Owner and the Manager are, and on the occurrence of the Petrobras Charter Novation the Bareboat Charterer will be, in compliance in all material respects with all of the mandatory requirements of the ISM Code in respect of the Vessel.
A legal opinion of Tanzanian counsel approved by the Facility Agent in relation to Petrobras Tanzania’s due execution of the Petrobras Charter.
On the Delivery Date the Owner and the Manager are, and on the occurrence of the Petrobras Charter Novation the Bareboat Charterer will be, in compliance in all material respects with all of the mandatory requirements of the ISPS Code in respect of the Vessel.
Evidence that the requirements and obligations under Clause 16.35 (Petrobras Charter) have, in the opinion of the Facility Agent (acting on the instructions of all of the Lenders), been satisfied.