Vessel B definition

Vessel B has the meaning given to it in the recitals.

Vessel B means approximately 48,000 dwt bulk carrier built by the Builder pursuant to the Building Contract having Hull No. E1-492 at the Builder’s yard and to be named “GYPSUM INTEGRITY”.

Vessel B means the double-hull single screw diesel engine driven carrier of diesel oil gasoline and other clean and dirty oil products of approximately 2,400 dwt having hull no. N2220000 being constructed by the Builder pursuant to the Shipbuilding Contract B to be acquired by the Borrower B and to be registered on the relevant Delivery Date in its ownership under a flag acceptable to the Creditor Parties under a name approved by the relevant flag authorities;

Examples of Vessel B in a sentence

• CPLP has supplied to CMTC true and correct copies of the organizational documents of the Vessel B Owning Subsidiary, as in effect as of the date hereof (the “Organizational Documents B”).

• CPLP has disclosed to CMTC all material information on, and about, the Vessel B Owning Subsidiary and the Vessel and all such information is true, accurate and not misleading in any material respect.

• The Vessel B Owning Subsidiary and the Vessel B are free of all Encumbrances.

• The Vessel B Owning Subsidiary (and the Vessel B owned by it) has no liabilities or obligations of any nature, whether absolute, accrued, contingent or otherwise, and whether due or to become due (including, without limitation, any liability for Taxes and interest, penalties and other charges payable with respect to any such liability or obligation).

• CPLP agrees to sell and transfer to CMTC, and CMTC agrees to purchase from CPLP in accordance with and subject to the terms and conditions set forth in this Agreement, the Shares B which in turn shall result in CMTC indirectly owning the Vessel B.

More Definitions of Vessel B

Vessel B means m.v. “POLAR SPIRIT” and everything now or in the future belonging to it on board and ashore, currently registered under the flag of the Bahamas in the ownership of Polar Spirit L.L.C..

Vessel B means the 160,000 dwt suezmax tanker “Xxxxx Xxxxxxx” built in 2011 and registered in the name of the Vessel B Owner in the Isle of Man ship registry.

Vessel B means the capesize bulk carrier of about 170,000 dwt which is being or to be constructed by the Builder with Builder’s Hull No. S1082 for, and purchased by, Sizzling under the Vessel B Shipbuilding Contract;

Vessel B means the 105,000 dwt shuttle tanker “Recife Xxxxxxx” built in 2011 and registered in the name of the Borrower in the Bahamas ship registry.

Vessel B means m.v. "GALICIA SPIRIT" and everything now or in the future belonging to her on board and ashore.

Vessel B means the 2000-built bulk carrier of about 52,073 dwt owned by Palermo and registered in its ownership on the Panamanian flag with the name “NAVIOS APOLLON”;

Vessel B means a handysize newbuilding dry bulk carrier of approximately 32,000dwt to be constructed and equipped at the shipyard of JNS in Guangdong Province, China. It is currently expected that Vessel B will be delivered in the third quarter of 2009 and will be registered under the laws and flag of Hong Kong upon its delivery.