Shipbuilding Contracts definition

Shipbuilding Contracts means together, Ship A Shipbuilding Contract and Ship B Shipbuilding Contract and, in the singular, means either of them;

Shipbuilding Contracts means (i) the contracts, as novated and amended, each dated April 6, 2010, pursuant to which one of the Shipbuilders will build and deliver to nominated subsidiaries the nine vessels, including seven MR2 product tankers and two chemical tankers, (ii) the two contracts, each dated April 6 2010, pursuant to which the other Shipbuilder will build and deliver to nominated subsidiaries two LR1 product tankers, and (iii) the two option contracts, each dated April 6, 2010, to purchase two additional LR1 product tankers.

Shipbuilding Contracts means any or all, as the case may be, of the shipbuilding contracts entered into between the applicable Borrower and the applicable Yard regarding the construction of the Collateral Vessels.

Examples of Shipbuilding Contracts in a sentence

• The Borrowers must pay all stamp, documentary, registration or other like duties or taxes (including any duties or taxes payable by the Bank) imposed on or in connection with any of the Shipbuilding Contracts, the Management Agreements, the Security Documents or the Loan and agree to indemnify the Bank against any liability arising by reason of any delay or omission by either Borrower to pay such duties or taxes.

• Accordingly, in accordance with Rule 14.44 of the Listing Rules, the Shareholders’ approval requirement in respect of the transactions contemplated under the Shipbuilding Contracts has been satisfied in lieu of a Shareholders’ general meeting of the Company.

• The Vessels were delivered between August and December 1997 and have been designed according to the specifications set forth in the shipbuilding contracts between the Builder and the Company (the "Shipbuilding Contracts").

• In furtherance of the foregoing, Scorpio agrees that it will continue to use its commercially reasonable best efforts to, as promptly as practicable following the Closing and without further consideration, effect the novation of the DSME Shipbuilding Contracts.

• Nonetheless, the Directors would recommend the Shareholders to vote in favour of the resolutions approving the transactions contemplated under the Shipbuilding Contracts if a general meeting were to be convened by the Company.

More Definitions of Shipbuilding Contracts

Shipbuilding Contracts means any shipbuilding contracts, sale contracts and /or contracts ancillary thereto entered into by or assigned to a Group Company pursuant to which a Vessel is to be built, purchased, equipped and delivered to such Group Company;

Shipbuilding Contracts means those certain contracts for the construction and sale of each Vessel, each dated November 11, 2009, by and between the Borrower and the Builder relating to the Vessels;

Shipbuilding Contracts means the Shipbuilding contracts entered into between the Guarantor as buyer and the Yard as builder for the construction of the Vessels.

Shipbuilding Contracts means the shipbuilding contracts in respect of the Vessels, all dated 15 May 2102 and entered into between Blue Ship Invest AS as buyer and Ulstein Verfts AS as yard.

Shipbuilding Contracts means, individually or collectively, as the context may require, the Bossa Nova Shipbuilding Contract and the Sertanejo Shipbuilding Contract.

Shipbuilding Contracts means Shipbuilding Contract (1688) and Shipbuilding Contract (1689) and “Shipbuilding Contract” means either of them.

Shipbuilding Contracts means, together, the Atrotos Shipbuilding Contract, the Akeraios Shipbuilding Contract, the Anemos I Shipbuilding Contract, the Apostolos Shipbuilding Contract, the Xxxxxxxxxx XX Shipbuilding Contract, the Aristotelis Shipbuilding Contract and the Xxxx XX Shipbuilding Contract and in the singular means any of them;