Required Charter definition

Required Charter means the time charter made or to be made between the Borrower and the Approved Charterer as charterer of the Vessel for a period of four years (plus/minus 30 days in the Approved Charterer’s option) plus one year (plus/minus 30 days in the Approved Charterer’s option) in the Approved Charterer’s option, starting on the Delivery Date, and at a gross daily charterhire of USD14,100 for the first four years and USD14,350 for the optional year;
Sample 1Sample 2
Required Charter means in respect of each Vessel, a charterparty entered or to be entered into pursuant to Clause 8.1.22; “Required Security Amount” means the amount in USD (as certified by the Agent) which is at any relevant time 140% of the Loan;
Sample 1Sample 2
Required Charter means in respect of each Vessel, a charterparty entered or to be entered into pursuant to Clause 8.1.22;
Sample 1

Examples of Required Charter in a sentence

  • Upon the effectiveness of the Required Charter Amendment, the Holders of the Securities also shall be entitled to receive notice of any stockholders’ meeting in accordance with the Certificate of Incorporation and bylaws of the Company.

  • The affirmative vote or consent of the holders of two-thirds of the outstanding shares of Company Preferred Stock and a majority of the outstanding shares of Company Capital Stock are the only vote of the holders of any Company Capital Stock necessary under applicable law and the Company Charter Documents to approve the Company Charter Amendment (the “Company Required Charter Vote”).

  • Subject to the limitations on conversion set forth in paragraph 8 of the Security, a Holder of a Security may convert such Security into Common Stock (the shares of Common Stock issuable upon such conversion, the “Conversion Shares”) at any time after the effectiveness of the Required Charter Amendment, at the Conversion Price then in effect.

  • The Company shall, upon the effectiveness of the Required Charter Amendment, and from time to time as may be necessary, reserve, out of its authorized but unissued Common Stock a sufficient number of shares of Common Stock to permit the conversion of all outstanding Securities for shares of Common Stock.

  • The Company shall, upon the effectiveness of the Required Charter Amendment, and from time to time as may be necessary, reserve, out of its authorized but unissued Common Stock a sufficient number of shares of Common Stock to permit the conversion of all outstanding Securities for shares of Common Stock and the issuance of shares in connection with the Make Whole Premium.

  • Required Charter Amendment Liquidated Damages will be due on the same interest payment dates as interest on the Securities is payable, and will be paid in the same form as PIK Interest is paid.

  • Required Charter Elements Chicago Park Community Charter School maintains a clear vision of educating all students as they come to the school by improving their learning skills, academic knowledge, and civic and environmental awareness in either the Classroom/Site-based school or the Independent Study Home School program (the home school program to be established in or before 2012-13).

  • The Required Charter Amendment shall have been duly authorized, executed and filed with and accepted by the Secretary of State of the State of Texas prior to or concurrent with the Closing and shall remain in full force and effect.

  • A Holder of a Security may convert such Security into shares of Common Stock of the Company in whole or in part, at any time and from time to time after the effectiveness of the Required Charter Amendment, at the Conversion Price then in effect.

  • The Required Merger Approval shall have been obtained in respect of the adoption of this Agreement and the approval of the Merger and the other Transactions and the Required Charter Amendment Approval shall have been obtained in respect of the Pre-Closing Company Charter Amendment.


More Definitions of Required Charter

Required Charter means, (a) in respect of ‘GAS ASTRID and ‘GAS EXELERO”, the time or bareboat charter made or to be made between the Owner owning that Ship and a charterer acceptable to the Agent in a form acceptable to the Agent for a period of at least 12 months and (b) in respect of ‘GAS NATALIE”, the bareboat charterparty dated 18 September 2007 made between Unigas Kosan Ltd. of Hong Kong (“Unigas”) as charterer and Event Holding Inc. (“Event”), as amended and supplemented by a novation agreement dated 22 January 2009 made between (i) Unigas, (ii) Event and (iii) Tankpunk, for a charterhire of USD117,500 per calendar month until 30 September 2011;
Sample 1

Related to Required Charter

  • Proposed Charter means the proposed second amended and restated certificate of incorporation of Hennessy Capital, which will become the Company’s certificate of incorporation upon the approval of the Charter Proposals and the Business Combination Proposal and the consummation of the Business Combination. A copy of the proposed charter is attached hereto as Annex C .

  • 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;

  • 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.

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

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

  • Restated Charter means the Company’s Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time.

  • Charter Documents means, with respect to any entity, the certificate of incorporation, the articles of incorporation, by-laws, articles of organization, limited liability company agreement, partnership agreement, formation agreement, joint venture agreement or other similar organizational documents of such entity (in each case, as amended).

  • Required Consent has the meaning set forth in Section 4.4.

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

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

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

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

  • Company Bylaws means the bylaws of the Company, as amended.

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

  • 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.

  • Required Governmental Approvals means the Company Required Governmental Approvals and the Parent Required Governmental Approvals.

  • Required Permit means a Permit (a) issued or required under Laws applicable to the business of Borrower or any of its Subsidiaries or necessary in the manufacturing, importing, exporting, possession, ownership, warehousing, marketing, promoting, sale, labeling, furnishing, distribution or delivery of goods or services under Laws applicable to the business of Borrower or any of its Subsidiaries or any Drug Application (including without limitation, at any point in time, all licenses, approvals and permits issued by the FDA or any other applicable Governmental Authority necessary for the testing, manufacture, marketing or sale of any Product by any applicable Borrower(s) as such activities are being conducted by such Borrower with respect to such Product at such time), and (b) issued by any Person from which Borrower or any of their Subsidiaries have received an accreditation.

  • 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;

  • Certificate of approval means a certificate of approval obtained from the

  • Required Authorisation means any authorisation, consent, declaration, licence, permit, exemption, approval or other document, whether imposed by or arising in connection with any law, regulation, custom, contract, security or otherwise howsoever which must be obtained at any time from any person, Government Entity, central bank or other self-regulating or supra-national authority in order to enable the Borrowers lawfully to borrow the loan or draw any Advance and/or to enable any Security Party lawfully and continuously to continue its corporate existence and/or perform all its obligations whatsoever whensoever arising and/or grant security under the relevant Security Documents and/or to ensure the continuous validity and enforceability thereof;

  • Required Coupon With respect to the Mortgage Loans in Loan Group 1 and Loan Group 2, 6.00% per annum.

  • Environmental Approval means any present or future permit, ruling, variance or other Authorisation required under Environmental Laws.

  • Required Permits shall have the meaning set forth in Section 6.24.

  • Required Consents shall have the meaning set forth in Section 4.5.

  • Final Approval Order means the proposed Order Granting Final Approval to the Settlement, to be entered by the Court with terms to be agreed upon by the Parties and consistent with this Agreement.

  • Community Charter means the Community Charter, S.B.C. 2003, c. 26, as may be amended or replaced from time to time;