Vessel A Refund Guarantee definition

Vessel A Refund Guarantee means the irrevocable and unconditional guarantee issued or to be issued by the Refund Guarantor in favour of Chilali in relation to the Vessel A Shipbuilding Contract;
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Vessel A Refund Guarantee means the irrevocable and unconditional guarantee dated 4 September 2007 issued by Woori Bank in relation to the Vessel A Shipbuilding Contract as amended by an addendum dated 25 August 2009 issued by Woori Bank confirming that the said guarantee continues in full force and effect notwithstanding the amendments to the Vessel A Shipbuilding Contract; “Vessel A Seller” means Maganari Shipping S.A. of the Xxxxxxxx Islands; “Vessel A Shipbuilding Contract” means the Shipbuilding Contract dated 4 December 2006 entered into for the construction by the Builder of Vessel A as amended by (a) an addendum No. 1 dated 15 September 2007, (b) the Vessel A Novation Agreement and (c) a tripartite agreement dated 19 August 2009, as further supplemented from time to time; “Vessel B” means the capesize bulk carrier of about 180,000 dwt which is being or to be constructed by the Builder with Builder’s Hull No. S1067 for, and purchased by, Ducale under the Vessel B Shipbuilding Contract; “Vessel B Novation Agreement” means the novation agreement in respect of the Vessel B Shipbuilding Contract dated 19 June 2009 made between the Vessel B Seller, the Builder and Ducale; “Vessel B Purchase Contract” means the agreement dated 19 August 2009 made between Ducale as buyer and the relevant Seller as seller of Vessel B; “Vessel B Refund Guarantee” means the irrevocable and unconditional guarantee dated 18 September 2007 issued by Export-Import Bank of Korea in relation to the Vessel B 62
Sample 1
Vessel A Refund Guarantee means the irrevocable and unconditional guarantee dated 4 September 2007 issued by Woori Bank in relation to the Vessel A Shipbuilding Contract as amended by an addendum dated 25 August 2009 issued by Woori Bank confirming that the said guarantee continues in full force and effect notwithstanding the amendments to the Vessel A Shipbuilding Contract;
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More Definitions of Vessel A Refund Guarantee

Vessel A Refund Guarantee means the irrevocable and unconditional guarantee issued or to be issued by the Refund Guarantor in favour of Shikhar in relation to the Vessel A Shipbuilding Contract;
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Related to Vessel A Refund Guarantee

  • Refund Guarantee means a, or if more than one, each refund guarantee arranged by the Yard in respect of a Pre-delivery Installment and provided by one or more financial institutions contemplated by the Construction Contract, or by other financial institutions reasonably satisfactory to the Lead Arrangers, as credit support for the Yard’s obligations thereunder.

  • Refund Guarantor means The Export Import Bank of Korea, a corporation incorporated in Korea acting through it office at Eunhaeng-Ro 00-0, Xxxxxxx-xxxx, Xxxxxxxxxxxx-Xx, Xxxxx 000-000, Xxxxx.

  • guarantee contract means a contract entered into by a person as guarantor;

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Corporate Guarantee means the guarantee required to be executed hereunder by the Corporate Guarantor in such form as the Bank may agree or require ;

  • Call Off Guarantee means a deed of guarantee in favour of a Contracting Body in the form set out in Framework Schedule 13 (Guarantee) and granted pursuant to Clause 3 of the Template Call Off terms;

  • Bank Guarantee means an irrevocable and unconditional undertaking by a trading bank approved by the Council to pay the Development Contribution amount on demand without an expiry or end date and containing terms and conditions acceptable to Council and in accordance with clause 9 of this Agreement;

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

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

  • CONSTRUCTION GUARANTEE means a guarantee at call obtained by the contractor from an institution approved by the employer in terms of the employer's construction guarantee form as selected in the schedule

  • existing vessel means a vessel which is not a new vessel;

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

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

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Corporate Guaranty means a legal document used by an entity to guaranty the obligations of another entity. Cost of New Entry:

  • 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.

  • 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:

  • 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.

  • Construction Completion Certificate means a document:

  • Charterparty Assignment means, in relation to a Ship, the deed of assignment of any Charterparty in favour of the Security Trustee, in such form as the Lenders may approve or require;

  • 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;

  • 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;

  • Seller Guaranty has the meaning set forth in Section 3.01.

  • Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory.