Vessel Disposition definition

Vessel Disposition has the meaning given to such term in Section 6.06.
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Vessel Disposition means an Asset Disposition respecting any Collateral Vessel as further set forth in Section 5.02(e)(ii).
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Vessel Disposition has the meaning set forth in the Loan Agreement.
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Examples of Vessel Disposition in a sentence

  • MTRU covered metallic wastes are associated with the Confinement Vessel Disposition (CVD) project.

  • The Administrative Agent shall promptly notify each Lender of any notice of Vessel Disposition.

  • Activity Table 4.0-1(B), which was to complete the transfer of the Treatability Code, Metallic Waste, referred to as the Confinement Vessel Disposition (CVD) to CMR for material retrieval, was completed on September 23, 2020.

  • If the acquisition or financing of a Substitution Vessel does not occur during the Reinvestment Period related to a Collateral Vessel Disposition or Collateral Vessel Release Election, the Suspended Commitments so suspended on such Collateral Vessel Disposition Date or the date of such Collateral Vessel Release Election shall be permanently reduced on the last day of the Reinvestment Period.

  • Responsible for re-engineering and restarting the Confinement Vessel Disposition Project (CVD) in accordance with a new safety analysis.• Redesigned the cradle-to-grave process flow for a contaminated vessel so that regulatory concerns about the seismic analysis were answered.• Developed the preliminary design documents and demonstrated that the new design complied with the requirements of the safety analysis.

  • The Harbor Commission and its designee are hereby vested with the power to raise, recover, tow, remove, store, destroyand dispose of vessel or watercraft that have been abandoned in the harbor or waterfront as appropriate pursuant to the procedures applicable to municipal waterways in the Abandoned and Sunken Vessel Disposition Law (N.J.S.A. 12:7C-7 et seq.) or other statutory provisions for the disposition of abandoned watercraft and vessels.

  • The owner agrees that a vessel stored at the Marina past December 16th following the commencement date of lease period covered by this agreement without signing of a new lease agreement shall be considered an abandoned Vessel pursuant to the “Abandoned Vessel Disposition Act of NJ”, and the Marina, upon written notice to the owner (to the address on the last contract) to remove said vessel, may dispose of said vessel pursuant to the “Abandoned Vessel Disposition Act of NJ”.

  • Material was removed from two vessels, and a third was moved to the recovery facility for processing.Activity 4.0-2(c): The Confinement Vessel Disposition (CVD) project is an onsite radiological decontamination project, as described in Part III (CP), Section 2.7 of this STP Update.

  • If the Subject Vessels are sold or otherwise transferred by U.S. United Ocean Services, LLC or any Subsidiary thereof following the Closing Date in accordance with Section 5 of the UIS-UOS Agreement, then promptly (and, in any event, within three (3) Business Days) following the Vessel Disposition Date (as defined in the UIS-UOS Agreement), Seller shall pay to Purchaser an amount in cash equal to the amount of the Net Subject Vessel Proceeds.

  • An example of an incident- specific position would be the Vessel Disposition Group Supervisor located in the Law Enforcement chapter.


More Definitions of Vessel Disposition

Vessel Disposition has the meaning given to such term in Section 10.2.
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Vessel Disposition has the meaning specified in Section 5.02(e)(iii) hereof.
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Vessel Disposition has the meaning specified in subsection 5.02(e)(vi).
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Related to Vessel Disposition

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • Material Disposition means any Disposition of property or series of related Dispositions of property that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of $1,000,000.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Specified Disposition means any disposition of all or substantially all of the assets or Equity Interests of any Subsidiary of the Borrower or any division, business unit, product line or line of business.

  • Asset Disposition means any sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by the Company or any Restricted Subsidiary, including any disposition by means of a merger, consolidation or similar transaction (each referred to for the purposes of this definition as a "disposition"), of:

  • Foreign Disposition has the meaning set forth in Section 2.05(b)(xi).

  • REO Disposition The final sale by the Servicer of any REO Property.

  • Qualified disposition means a Disposition or a series of related Dispositions in which the consideration received by the Credit Parties is equal to or greater than $50,000,000.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other noncash form), in each case net of:

  • Major Asset Disposition means the sale or other disposition in one transaction or a series of related transactions of 50% or more of the assets of the Company and its subsidiaries on a consolidated basis; and any specified percentage or portion of the assets of the Company shall be based on fair market value, as determined by a majority of the members of the Incumbent Board;

  • Excluded Asset Disposition means, with respect to any Consolidated Party, any Asset Disposition consisting of (i) the sale, lease, license, transfer or other disposition of inventory or other assets in the ordinary course of such Consolidated Party's business, (ii) the sale, lease, license, transfer or other disposition of Property no longer used or useful in the conduct of such Consolidated Party's business, (iii) any Involuntary Disposition by such Consolidated Party, (iv) any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Credit Party, PROVIDED that the Credit Parties shall cause to be executed and delivered such documents, instruments and certificates as the Agent may reasonably request so as to cause the Credit Parties to be in compliance with the terms of Section 7.12 after giving effect to such transaction, (v) any portion of an Asset Disposition by such Consolidated Party constituting a Permitted Investment, (vi) if such Consolidated Party is not a Credit Party, any sale, lease, license, transfer or other disposition of Property by such Consolidated Party to any Consolidated Party that is not a Credit Party, (vii) the sale or disposition of Cash Equivalents for fair market value, (viii) any sale of accounts receivable in connection with the compromise thereof, (ix) the assignment of past due accounts for collection or (x) the licensing of Intellectual Property to third Persons on customary terms as determined by the licensor's board of directors in good faith; PROVIDED, HOWEVER, that the term "Excluded Asset Disposition" shall not include any Asset Disposition to the extent of the portion of the proceeds of such Asset Disposition that would be required under any Junior Financing Documentation to be applied to permanently retire Indebtedness of the Consolidated Parties.

  • Permitted Asset Dispositions means the following Asset Dispositions:

  • Permitted Disposition means any of the following:

  • Involuntary Disposition means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  • Asset Sales means any sale, issuance, conveyance, transfer, lease, assignment or other disposition by any Borrower to any Person (including by means of a sale and leaseback transaction or a merger or consolidation or similar transaction and including any sale or issuance of the equity interests of any Borrower) (collectively, for purposes of this definition, a “transfer”), in one transaction or a series of related transactions, of any assets of any Borrower; provided, that for purposes of this definition, the term “Asset Sale” shall not include:

  • REO Disposition Period As defined in Section 3.14. REO Proceeds: Proceeds, net of any related expenses of the Servicer, received in respect of any REO Property (including, without limitation, proceeds from the rental of the related Mortgaged Property) which are received prior to the final liquidation of such Mortgaged Property.

  • Permitted Dispositions means each of the following:

  • REO Disposition Proceeds All amounts received with respect to an REO Disposition pursuant to Section 4.16.

  • Net Disposition Proceeds means, with respect to any sale, transfer or other disposition of any assets of the Borrower, any Parent Guarantor or any of their respective Subsidiaries (other than sales permitted pursuant to clause (a), (b) or (c) of Section 7.2.9), the excess of

  • Asset Sale means any direct or indirect sale, issuance, conveyance, assignment, transfer, lease (other than operating leases entered into in the ordinary course of business) or other disposition (including pursuant to any Sale and Lease-Back Transaction), other than to the Company or any of its Restricted Subsidiaries, in any single transaction or series of related transactions of:

  • Related Entity Disposition means the sale, distribution or other disposition by the Company, a Parent or a Subsidiary of all or substantially all of the interests of the Company, a Parent or a Subsidiary in any Related Entity effected by a sale, merger or consolidation or other transaction involving that Related Entity or the sale of all or substantially all of the assets of that Related Entity, other than any Related Entity Disposition to the Company, a Parent or a Subsidiary.

  • Disposition Date shall have the meaning ascribed thereto in Subsection 5.1(d);

  • Recovery Event any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member.

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Casualty Event means any event that gives rise to the receipt by the Borrower or any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace or repair such equipment, fixed assets or real property.