Relevant Charter definition

Relevant Charter has the meaning given to it in Clause 13.3;
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Relevant Charter means, in relation to a Ship, any time charter party in respect of that Ship entered into by the relevant Borrower or, as the case may be, Owner and a charterer in all respects acceptable to the Lender, exceeding or which, by virtue of any optional extensions is capable of exceeding, 11 months in duration (as the same may be amended or supplemented from time to time) on terms and substance in all respects acceptable to the Lender.”;
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Relevant Charter means, in relation to the Collateral Ship, any time charter party (including, but not limited to, any Approved Charter (other than the Charter for as long as such charter is not assigned in favour of the Lender)) in respect of that Ship entered into by the Borrower and a charterer in all respects acceptable to the Lender, exceeding or which, by virtue of any optional extensions is capable of exceeding, 11 months in duration (as the same may be amended or supplemented from time to time) on terms and substance in all respects acceptable to the Lender.
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Examples of Relevant Charter in a sentence

  • The Borrower will not, and shall procure that each Owner will not, agree to any amendment or supplement to, or waive or fail to enforce the Relevant Charter to which it is or will become a party or any of its provisions.

  • Items to be included in this package could include: • Job Description• Person Specification• Any conditions of appointment arising from Section 65 or Section 66 tags• Application Form• Special Character ‘S’ Form• Statement re Special Character of a Catholic School• Description of School Community• Relevant Charter details (including Mission, Vision, Values and Goals)• Any other relevant information Job Description A Job Description describes the job.

  • The Borrower shall, and shall procure that each Owner shall, immediately inform the Lender if the charterer which has entered into a Relevant Charter with the Borrower or, as the case may be, that Owner is in breach of its obligations under that Relevant Charter.

  • The Borrowers shall, and shall procure that each Owner shall, immediately inform the Lender if the charterer which has entered into a Relevant Charter with that Borrower or, as the case may be, Owner is in breach of its obligations under that Relevant Charter.

  • Relevant Charter Provision: Chapter 68.Discussion: The Charter establishes the Conflicts of Interest Board (“the Board”) as the watchdog of City government.

  • In the course of such negotiations, the Owners undertake to use all reasonable efforts to negotiate and agree with the Charterer charter rates for each Master Charter Ship for the Relevant Charter Year that fall at or between the lower floor rate and upper ceiling rate established for each such Master Charter Ship for the Relevant Charter Year in the block agreement entered into in connection with the Master Charter.

  • This guarantee must be delivered to the Coordinator within 5 Business Days following the Award Acceptance Date and must be valid for not less than 6 months after the expiration of the term established in the Gantt Chart Relevant Charter for the fifth stage of the Project.

  • Relevant Charter provisions [206] Section 15(1), the equality provision, of the Charter states: 15(1) Every individual is equal before and under the law and has the right to the equal protection and equal benefit of the law without discrimination and, in particular, without discrimination based on race, national or ethnic origin, colour, religion, sex, age or mental or physical disability.

  • Daewoo Exceeded Its Authority under the Relevant Charter Party with Saga.

  • Should the Owners fail to reach agreement with the Charterer with regard to charter rates for more than five (5) Master Charter Ships for the Relevant Charter Year, then they shall not terminate or agree to terminate the Master Charter or agree to the release of such Master Charter Ships from the Master Charter without in each case having first obtained the prior written consent of the Majority Lenders.


More Definitions of Relevant Charter

Relevant Charter means, in relation to a Ship, a time charterparty in respect of that Ship of a duration of equal to or more than 6 months at a daily hire rate acceptable to the Agent but in any case not less than the aggregate of the Breakeven Amount relevant to that Ship, made on terms and with a charterer acceptable in all respects to Agent;
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Related to Relevant Charter

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Charter contract or "contract" means a fixed-term, renewable contract

  • Time Charter means the hire of a Vessel by which the charterer obtains possession and control of the Vessel for an agreed period of time or an agreed voyage.

  • Parent Charter means the Certificate of Incorporation of Parent, as from time to time amended.

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • Charter means the Corporation’s certificate or articles of incorporation, articles of association, or similar organizational document.

  • Memorandum and Articles of Association means the Memorandum and Articles of Association of the Company, as amended and restated from time to time.

  • Articles of Association means the articles of association of the Company, as amended from time to time.

  • Air charter service means an air carrier operation which requires the customer to

  • Charters means Kitty Hawk Charters, Inc., one of the Debtors.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • Charter Assignment means a specific assignment of any Extended Employment Contract required to be executed hereunder by either Owner in favour of the Bank (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Bank may require in its sole discretion;

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Company Charter means the certificate of incorporation of the Company, as amended.

  • MOA means the Ministry of Agriculture of the Borrower;

  • Charter service means, but does not include demand response service to individuals:

  • relevant contract means the contract relied on by an applicant under this section to satisfy the requirements of subsection (1)(a)(ii);

  • existing vessel means a vessel that is not a new fishing vessel.

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

  • Charter school means a school established pursuant to P.L.1995, c.426 (C.18A:36A-1 et seq.). "Commissioner" means the Commissioner of Environmental Protection.

  • Memorandum and Articles means the amended and restated memorandum and articles of association of the Company currently in effect, as may be amended or restated from time to time.

  • Company Charter Documents means the Company’s certificate of incorporation and bylaws, each as amended to the date of this Agreement.

  • 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”);

  • Articles of Incorporation means the Articles of Incorporation of the Company, as amended from time to time.

  • 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: