Examples of Ready for Sea Cost in a sentence

The Lender has agreed to make available to the Borrower a facility of up to the lesser of (a) US$156,800,000 and (b) the lesser of 80 per cent of (i) the aggregate Ready for Sea Cost of the Ships and (ii) the aggregate Initial Market Value of the Ships, for the purpose of part-financing the Ready for Sea Cost of each Ship.
Net Available Cash or Net Event of Loss Proceeds, as the case may be, attributable to such Sold Mortgaged Vessel or such Lost Mortgaged Vessel, as the case may be, will be made available to the Company pursuant to the terms, and subject to the conditions, of this Indenture, including Article 13 hereof, to make any deposits in respect of, or to consummate the purchase of, or pay any Ready for Sea Cost in respect of, the Qualified Substitute Vessel.

More Definitions of Ready for Sea Cost

Ready for Sea Cost means with respect to a Vessel to be acquired, constructed or leased (pursuant to a Capital Lease Obligation) by the Issuer or any Subsidiary thereof, the aggregate amount of all expenditures incurred to acquire or construct and bring such Vessel to the condition and location necessary for its intended use, including any and all non-yard costs, buyer’s supply, inspections, appraisals, repairs, modifications, additions, permits and licenses in connection with such acquisition or lease, which would be classified as “property, plant and equipment” in accordance with GAAP and any assets relating to such Vessel.

Ready for Sea Cost means with respect to a Vessel or Vessels to be acquired or leased (under a Capital Lease Obligation) by the Company or any Restricted Subsidiary, the aggregate amount of all expenditures incurred to acquire or construct and bring such Vessel or Vessels to the condition and location necessary for its or their intended use, including any and all Vessel preparation and transportation expenses, loading and discharge expenses, inspections, appraisals, repairs, modifications, additions, improvements, permits and licenses in connection with such acquisition or lease.

Ready for Sea Cost means with respect to a Vessel or Vessels to be acquired or leased (pursuant to a Capitalized Lease Obligation) by the Company or any Restricted Subsidiary, as determined in good faith by the Company, the aggregate amount of all expenditures incurred to acquire or construct and bring such Vessel or Vessels to the condition and location necessary for its intended use, including any and all inspections, appraisals, repairs, modifications, additions, permits and licenses in connection with such acquisition or lease, which would be classified and accounted for as “property, plant and equipment” in accordance with U.S. GAAP.

Ready for Sea Cost means with respect to a Rig to be acquired by the Borrower or any Restricted Subsidiary, the aggregate amount of all expenditures incurred to acquire or construct and bring such Rig to the condition and location necessary for its intended use, including any and all inspections, appraisals, repairs, modifications, additions, permits and licenses in connection with such acquisition or lease.

Ready for Sea Cost is defined to mean, with respect to a Vessel or Vessels (including any Qualified Substitute Vessel) to be acquired or leased (under a Capital Lease Obligation) by the Company or any Subsidiary Guarantor, the aggregate amount of all expenditures incurred to acquire or construct and bring such Vessel or Vessels to the condition and location necessary for its intended use, including any and all vessel preparation and transportation expenses, loading and discharge expenses, inspections, appraisals, repairs, modifications, additions, improvements, permits and licenses in connection with such acquisition or lease; provided that in each case such expenditures would be classified and accounted for as "property, plant and equipment" in accordance with GAAP.

Ready for Sea Cost means, with respect to a Vessel or Vessels to be acquired or leased (pursuant to a Capitalised Lease Obligation) by Stena AB or any Subsidiary of Stena AB, the aggregate amount of all expenditures incurred to acquire or construct and bring such Vessel or Vessels to the condition and location necessary for its intended use which would be classified and accounted for as "property, plant and equipment" in accordance with Swedish GAAP;

Ready for Sea Cost. Related Business Investment", "Revolving Credit Facilities", "Single-Purpose Vessel-Owning Subsidiary", "Subordinated Debt", "Unrestricted Subsidiary", "Vessels", "Vessel Construction Contract", "Wholly Owned Subsidiary" and the proviso to the definition of "Incur" and Clauses 14.6, 14.7, 14.8, 14.9, 14.10, 14.11, 14.12 and 14.14 Unrestricted Subsidiaries shall be deemed not to be Subsidiaries of Stena AB;