Qualified Vessel definition

Qualified Vessel means, as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned by the Company or a Mortgaged Vessel Guarantor.
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Qualified Vessel means a 6th or 7th (or later) generation Vessel that is (i) subject to a Qualified Services Contract and (ii), in the case of any Vessel that is not a Vessel owned by the Company on the Issue Date, of substantially comparable (or better) quality and value as (or than) the Vessels owned by the Company on the Issue Date.
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Qualified Vessel means a Vessel that is subject to a Qualified Services Contract.
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Examples of Qualified Vessel in a sentence

  • Full details concerning the use of the proposed barge; if the barge is to be used for multiple purposes indicate approximate per- centage of time in which the barge will be engaged in each service.E. Payment of Principal on Existing Indebted- ness Incurred in Connection ith the Acquisi- tion, Construction or Reconstruction of a Quali- fied Vessel or a Barge, Container or Trailer hich is Part of the Complement of a Qualified Vessel.

  • Full details concerning the use of the proposed barge; if the barge is to be used for multiple purposes indicate approximate per- centage of time in which the barge will be engaged in each service.E. Payment of Principal on Existing Indebted- ness Incurred in Connection with the Acquisi- tion, Construction or Reconstruction of a Quali- fied Vessel or a Barge, Container or Trailer which is Part of the Complement of a Qualified Vessel.

  • VESSEL GEOGRAPHIC TRADING RESTRICTIONS Schedule B (Qualified Vessel) Areas of Great Lakes Trade Applies to commerce between points on the Great Lakes & their connecting waterways in the immediate evirons of the Great Lakes II.

  • Identify clients to whom you have provided mowing ervices to within the past 2 years: Client Name Mailing Address Phone Number Client Name Mailing Address Phone Number Client Name Mailing Address Phone Number Client Name Mailing Address Phone Number Client Name Mailing Address Phone Number 4.

  • Qualified Vessel Privileges/Restrictions: Eligible to gear switch using pounds designated for trawl or fixed gear.

  • Pa yment of Principal on Existing I ndebted- ness I ncurred in Connection with t he Acquisi- tion, Construction or Reconstruction of a Quali- fied Vessel or a Barge, Container or Trailer which is Part of t he Complement of a Qualified Vessel.

  • Substitution of a Qualified Vessel or Qualified Collateral; Designation as Future Mortgaged Vessel 124 SECTION 11.10.

  • Substitution of a Qualified Vessel or Qualified Collateral; Designation as Mortgaged Vessel.


More Definitions of Qualified Vessel

Qualified Vessel means, as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned by the Issuer or a Mortgaged Guarantor and (iii) is flagged in a Permitted Flag Jurisdiction.
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Qualified Vessel means, as of any date, a Vessel which (i) is not a Mortgaged Vessel as of such date and (ii) is to be owned by the Company ora Mortgaged Vessel Guarantor.
Sample 1
Qualified Vessel means a 6th or 7th (or later) generation Vessel that is (i) subject to a Qualified Services Contract and (ii), in the case of any Vessel that is not a Vessel owned by the Borrower on the Issue Date, of substantially comparable (or better) quality and value as (or than) the Vessels owned by the Borrower on the Issue Date.
Sample 1
Qualified Vessel means, at any time, the completed and delivered Vessels owned by Parent and its Restricted Subsidiaries at such time that are of substantially comparable (or better) quality and value as (or than) the quality and value at such time of the Vessels owned on the Restructuring Effective Date by Parent and its Restricted Subsidiaries, as determined in good faith by a Financial Officer.
Sample 1

Related to Qualified Vessel

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

  • 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;

  • 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;

  • 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.

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

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

  • 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:

  • Passenger vessel means any boat, ship, vessel,

  • Qualified vendor means a vendor who:

  • 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.

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

  • Qualified veteran means a person who meets the following requirements:

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • 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.

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

  • 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.

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

  • Qualified Operator means a Person that has at least five (5) years’ experience operating power generation and storage facilities generally similar to the Facility.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • foreign ship means a ship which—