Total Vessel Cost definition

Total Vessel Cost has the meaning given to such term in the Financial Schedule;
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Total Vessel Cost means the fair market value of the Vessel as ----------------- determined by the Appraisal, which is an amount equal to $47,936,794.00.
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Total Vessel Cost shall have the meaning attributed to that term in the Shipbuilding Contract;
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Examples of Total Vessel Cost in a sentence

  • Each payment of Base Charter Hire during the Base Charter Term shall be in an amount equal to the product of the Total Vessel Cost multiplied by the percentage set forth opposite the applicable Base Charter Payment Date on Schedule 1 hereto (as such Schedule 1 shall be adjusted pursuant to Section 2.12 of the Participation Agreement).

  • No loan shall be made by a member to RSFC unless approved by RSFC’s board.

Related to Total Vessel Cost

  • Commercial vessel means any vessel not owned and operated by the United States military or the United States Coast Guard.

  • 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”);

  • Passenger vessel means any boat, ship, vessel,

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • Covered vessel means a tank vessel, cargo vessel, or passenger vessel.

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Mortgaged Vessel means, at any relevant time, any Vessel which is at such time subject to a Mortgage and a Vessel shall, for the purposes of this Agreement, be regarded as a Mortgaged Vessel as from the date on which the Mortgage of that Vessel has been executed and registered in accordance with this Agreement until whichever shall be the earlier of (i) the payment in full of the amount required to be paid to the Agent pursuant to clause 4.3 or 4.5 following the Total Loss or sale respectively of such Vessel and (ii) the end of the Facility Period;

  • Vessels shall have the meaning set forth in the recitals.

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • 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:

  • Documented vessel means a vessel documented under chapter 121, title 46, United States Code or a vessel for which an application for such docu- mentation is pending.

  • passenger ship means a ship which carries more than 12 passengers;

  • Cargo vessel means a self-propelled ship in commerce, other than a tank vessel or a passenger vessel, three hundred or more gross tons, including but not limited to, commercial fish processing vessels and freighters.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • Pressure vessel means a vessel that may be used for containing, storing, distributing, transferring, distilling, processing or otherwise handling any gas, vapour or liquid under pressure greater than the atmospheric pressure and includes any pipeline fitting or other equipment attached thereto or used in connection therewith; and

  • foreign vessel means any vessel other than a coastal vessel.

  • Foreign-going vessel means any vessel other than coastal vessel.

  • Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Consolidated Total Liabilities means total liabilities and all mandatorily redeemable preferred stock of Borrower and its Restricted Subsidiaries, on a consolidated basis, all as determined in accordance with GAAP.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • 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;