TECO Ocean definition
Examples of TECO Ocean in a sentence
Either such option shall be exercised only as to all of the Vessels and only in connection with the simultaneous exercise by TECO Ocean of the same option under Article 16 of the TOS Charter (and the exercise of either such option under the TOS Charter shall be deemed to be the exercise by Charterer of the same option under this Article 16).
The purchase option provided for in this Article 10(h) shall be exercised by Charterer, if at all, only with respect to all of the Vessels subject to this Demise Charter and only in connection with the simultaneous exercise by TECO Ocean of the purchase option under Article 10(h) of the TOS Charter (and the exercise of such purchase option under the TOS Charter shall be deemed to be the exercise by Charterer of the purchase option under this Article 10(h)).
The early termination option provided for in this Article 10(a) shall be exercised by Charterer, if at all, only with respect to all of the Vessels subject to this Demise Charter and only in connection with the simultaneous exercise by TECO Ocean of the early termination option under Article 10(a) of the TOS Charter (and the exercise of such early termination option under the TOS Charter shall be deemed to be the exercise by Charterer of the early termination option under this Article 10(a)).