Subcharter Agreement definition

Subcharter Agreement means the Sub-Bareboat Charter Party Respecting 3 Vessels, dated as of the Effective Date, between Shipco, as charterer, and the Borrower, as subcharterer, as such agreement may from time to time be amended, restated, supplemented, modified or otherwise changed to the extent permitted by the terms of this Agreement.
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Subcharter Agreement means that certain Subcharter Agreement relating to that certain Tanker Time Charter Party dated March 31, 2001, by and between AHL Shipping Company and CITGO, in the form attached hereto as Exhibit G.
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Subcharter Agreement shall have the meaning specified in the Preamble.
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Examples of Subcharter Agreement in a sentence

  • Notwithstanding the foregoing, Losses shall not include any Losses relating to CCF Program benefits unless such Losses arise from termination by a Guarantor of the Subcharter Agreement as to any vessel grounded on vessel obsolescence if such termination results in the occurrence of a nonqualified withdrawal to pay the related CCF Program indebtedness and interest is assessed on the additional tax payable from such withdrawal as provided in the CCF Program.

  • None of the Guarantors or any of their Subsidiaries is Insolvent, and none of them will be rendered Insolvent by the execution of this Guarantee, the Transaction Agreement, the Subcharter Agreement, or by the consummation of the transactions contemplated hereby or thereby.

  • By: Name: Title: Address for Notices: Attention: Telecopier with a copy to: Attention: Telecopier ACKNOWLEDGED AND ACCEPTED, as of the date above first written: By: Name: Title: Subcharter Agreement Charter Override Agreement Sea-Land Navigator Participation Agreement, among GFS Third Transportation Leasing, Inc.

  • New Member and each other Guarantor shall from time to time, whether before, at or after the Closing Date, execute and deliver such further instruments and take such other action as may be necessary or reasonably requested to implement and give effect to the express rights of the Beneficiaries hereunder or under the Subcharter Agreement, in each case at the expense of such Beneficiaries.

  • Any Guarantor that is designated an Unrestricted Subsidiary in accordance with this Section 10.04 shall be released from all liabilities under this Guarantee other than in respect of any breach or violation of any provision of the Chartered Vessel Bareboat Charters or the Subcharter Agreement (as applicable) or this Guarantee arising prior to or at the time of such designation.

  • New Member and each other Guarantor covenant that they will not grant or permit to exist any security interest in, or lien on, the Subcharter Agreement, any Chartered Vessel Bareboat Charter or Charter Document.

Related to Subcharter Agreement

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

  • 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.

  • Charter Document means as to any Person, its partnership agreement, certificate of incorporation, certificate of formation, operating agreement, membership agreement or similar constitutive document or agreement or its by-laws.

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • Farm-Out Agreement means a Farm-In Agreement, viewed from the standpoint of the party that transfers an ownership interest to another.