Vessel Owners definition

Vessel Owners means those companies (being subsidiaries of the Target) shown as owners of the Vessels in Schedule 3.

Vessel Owners means each of the single purpose limited liability companies, each being the sole legal and beneficial owner of a Security Vessel. All Vessel Owners are 100% directly or indirectly owned Subsidiaries of the Issuer and registered in the Republic of the Marshall Islands.

Vessel Owners has the meaning given to it in the preamble.

Examples of Vessel Owners in a sentence

• Additionally following is also required to be complied: The Vessel/ Flag/ Vessel Owners (Registered, Technical, commercial and Disponent) including freight/ Demurrage beneficiaries should not be featuring in OFAC SDN LIST (OFFICE OF FOREIGN ASSETS CONTROL SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS LIST) and also should not have featured in OFAC SDN LIST in the past.

• Additionally following is also required to be complied with: The Vessel/ Flag/ Vessel Owners (Registered, Technical, commercial and Disponent) including freight/ Demurrage beneficiaries should not be featuring in OFAC SDN LIST (OFFICE OF FOREIGN ASSETS CONTROL SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS LIST) and also should not have featured in OFAC SDN LIST in the past.

• Measurement at fair valueIn principle, observable market rates shall form the basis for the fair value of financial instruments.

• The MRA shall ensure that each of its members cooperate fully with the Plan Holder, its Qualified Individual and any Vessel Owner's Representative in response to meeting Plan Holder’s VRP requirements.

• The Permanent Instructions shall be provided by the Charterers to the Managers on or prior to the Effective Date and shall be a protocol of communication among Charterers, the Vessel Owners and/or the Managers.

More Definitions of Vessel Owners

Vessel Owners means collectively Capetanissa, Xxxxx Shipping, Kayley Shipping and Xxxxxxx Shipping. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Partnership Agreement.

Vessel Owners means each Group Company owning any of the Collateral Vessels, and which at the Exchange Date comprise Floatel Superior Ltd., Floatel Reliance Ltd., Floatel Victory Ltd., Floatel Endurance Ltd. and Floatel Triumph Ltd.

Vessel Owners means collectively GAS-three, GAS-four and GAS-five. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Partnership Agreement.

Vessel Owners means each direct or indirect subsidiary of DSS that owns a Vessel;

Vessel Owners means, collectively, OXXX, OSG Endurance, OSG DBL, Tagalak Island, Mykonos Tanker, Santorini Tanker, OSG 205 Vessel Owner, OSG Courageous Vessel Owner, and any other Borrower or any other Guarantor that may own a Vessel subject to a Vessel Mortgage in favor of the Lender.

Vessel Owners means Navion Offshore Loading AS of Norway and Navion Shipping Ltd.

Vessel Owners means a Guarantor that is an owner of one or more Security Vessels from time to time, being at the date of this Agreement the entities set out in Schedule 3;