Vessel Delivery Date definition

Vessel Delivery Date means the date on which the Vessel is tendered by the Seller to SFL Holdings, and SFL Holdings accepts delivery thereof, in accordance with the terms of the MOA and the Agreement to Acquire and Charter.
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Vessel Delivery Date means the date on which each such Vessel is delivered in accordance with a Construction Contract and all of the requirements set forth in Section 8.15 with respect to such Vessel have been complied with to the satisfaction of the Administrative Agent.
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Vessel Delivery Date means the next Business Day following the delivery of the Vessel from the shipyard.
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Examples of Vessel Delivery Date in a sentence

  • The Owner acknowledges that such fuel, diesel oil, lubricating oil and stores as may be on board the Vessel at the time of delivery thereof to the Charterer on the Vessel Delivery Date will be the property of the Charterer.

  • All notices, permits, licenses, disclosures or similar authorizations, if any, required to be obtained or filed pursuant to Environmental Law (as defined in the Charters) in connection with the operation and management of the Vessels have been obtained or filed and are valid as of the relevant Vessel Delivery Date except where the failure to obtain such authorization will not have a Material Adverse Effect on HLL, have a Material Adverse Effect on the Vessels, or expose an Owner to any material liability.

  • On the relevant Vessel Delivery Date, each Transferor shall cause to be delivered to Acquiror originals, or if originals are not available, photocopies, of all classification records, engine logs, surveys and warranties, if any, relating to such Transferor’s Transferor Vessel.

  • The Hire applicable in the third month of delay shall remain applicable until the Newbuild Vessel Delivery Date.

  • Seller agrees to maintain a net worth of at least Ten Million Dollars ($10,000,000) at all times during the twelve (12) months following the Vessel Delivery Date.

  • To the Knowledge of Transferor, such Transferor’s Transferor Vessel is in good condition, working order and repair, is classed by a classification society which is a member of the International Association of Classification Societies with respect to hull and machinery and in the highest classification and rating for vessels of similar age, size and description, and is in such condition to merit such classification and rating as of the relevant Vessel Delivery Date.

  • Prior to the relevant Vessel Delivery Date, the vessel VOC ORCHID will be subject to a statutory mortgage and deed of covenants in favor of Danmarks Skibskreditfond, Nordea Bank Danmark A/S and Nordea Bank Finland plc.

  • The Acquiror Representatives shall be entitled to stay on board each Transferor Vessel until the relevant Vessel Delivery Date for familiarization and as observers only without interfering with vessel operations.

  • On the last Business Day of each calendar month occurring prior to the consummation of the eighth Vessel Acquisition, the Borrower shall provide written notice (such notice, a “Vessel Delivery Date Notice”) to the Administrative Agent of the expected date of each Vessel Acquisition yet to occur, which notice shall contain an explanation with reasonable detail of any changes from the last Vessel Delivery Date Notice delivered hereunder.

  • If the Newbuild Vessel Delivery Date is delayed, other than in accordance with Enterprise’s instructions, and takes place after the planned Newbuild Vessel Delivery Date as set out in Article 4.2.3 of the General Terms and Conditions then the Hire set out in 4.1 above shall be reduced by 10% for the duration of the first month of delay and for each of the next two months of delay the Hire applicable in the previous month shall be reduced by a further 10% of the Hire set out in 4.


More Definitions of Vessel Delivery Date

Vessel Delivery Date means, with respect to each Transferor Vessel, the date on which such Transferor Vessel is obligated hereunder to be delivered by its Transferor Owner, which shall be (i) with respect to the Transferor Vessels owned by each of Vanguard and Colas, the First Closing Date, and with respect to the Transferor Vessels to be transferred by Clipper Bulk, the date Clipper Bulk advises each such delivery shall take place, which in any event shall be no later than the Outside Delivery Date for each such vessel.
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Related to Vessel Delivery Date

  • Initial Delivery Date has the meaning set forth in Section 1.1(d).

  • Final Delivery Date means the date the Supplier is entitled to deliver the Products form the Purchaser even if the Products have not been called off as agreed in any Sales Agreement.

  • Contractual Delivery Date means the stipulated date on which the contractor shall attain

  • Delivery Date means the date(s) and/or times/timescales for delivery of the Goods and/or performance of the Services set out in the Order or as agreed in writing by the parties.

  • First Delivery Date means the first date by which the commodity for a Futures Contract can be delivered in order for the terms of the Futures Contract to be fulfilled.

  • Delivery Day means a day other than a Saturday, a Sunday or any other day on which national banking associations are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of the change in the manner provided in this provision.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Share Delivery Date shall have the meaning set forth in Section 4(c)(ii).

  • Warrant Share Delivery Date shall have the meaning set forth in Section 2(d)(i).

  • Delivery Time means the time for Delivery stated in the Purchase Order.

  • Scheduled Delivery Date means the Date on which the Seller is required to start delivering the power at the Delivery Point as per the terms and conditions of the PPA;

  • Delivery Date(s) means the date or dates requested for delivery of Products as set forth in any Order.

  • Final delivery certificate means the document issued by the COE confirming that all the known defects have been rectified and that the works, goods or services appear in good order and have been accepted;

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Delivery sale means any sale of a vapor product to a

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date.

  • Delivery Term has the meaning set forth in Section 1.1(b).

  • Delivery Location means the Supplier's premises or other location where the Services are to be supplied, as set out in the Order;

  • Delivery Schedule means the schedule for the delivery of Services as set forth in attached Annex 3.

  • Locational Deliverability Area or “LDA” shall mean a geographic area within the PJM Region that has limited transmission capability to import capacity to satisfy such area’s reliability requirement, as determined by the Office of the Interconnection in connection with preparation of the Regional Transmission Expansion Plan, and as specified in Reliability Assurance Agreement, Schedule 10.1.

  • Notice Delivery Period means the period from and including the Trade Date to and including the fifth Business Day following the date that is fourteen (14) calendar days after the Extension Date.

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.

  • Delivery into consignee s store or to his site’ means delivered and unloaded in the specified store or depot or on the specified site in compliance with the conditions of the contract or order, the supplier bearing all risks and charges involved until the supplies are so delivered and a valid receipt is obtained.

  • Delivery service means the providing of electric transmission or distribution to a retail customer.

  • Calling Name Delivery Service (CNDS) means a service that enables a terminating End User to identify the calling Party by a displayed name before a call is answered. The calling Party’s name is retrieved from a calling name database and delivered to the End User’s premise between the first and second ring for display on compatible End User premises equipment.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.