Vessel Owning Subsidiaries definition
Vessel Owning Subsidiaries has the meaning assigned to such term in the Recitals hereto.
Vessel Owning Subsidiaries has the meaning assigned to such term in Recital C.1 of this Agreement.
Vessel Owning Subsidiaries means collectively KNOT 17, KNOT 18, KNOT 12, Xxxxxxx XII and Xxxxxxx XII LP. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Partnership Agreement.
Examples of Vessel Owning Subsidiaries in a sentence
Assetplus is the holding company that owns all of the issued and outstanding shares of capital stock of each of Vega Offshore and the Vessel Owning Subsidiaries.
Assetplus currently directly owns all of the issued and outstanding shares of capital stock of four special purpose vehicle companies, referred to herein as the Vessel Owning Subsidiaries, as well as Vega Offshore.
Assetplus (a development stage company) is a holding company and was organized on August 10, 2012 for the purpose of aggregating under one holding company all time charter, vessel acquisition or other contracts awarded to Vega Offshore and the Vessel Owning Subsidiaries and to facilitate implementation of such contracts.
None of the Vessel Owning Subsidiaries have any employees nor have ever had any employees.
Anemos hereby sells to the MLP, subsequent to the execution of the Purchase Agreement, all of the outstanding shares of capital stock in the Vessel Owning Subsidiaries as set forth on Schedule A hereto.
More Definitions of Vessel Owning Subsidiaries
Vessel Owning Subsidiaries means the subsidiaries of the Seller that are party to the Memoranda of Agreement.
Vessel Owning Subsidiaries means collectively Overseas Luxmar, Overseas Maremar, the OSG Maritrans Subsidiaries and the Bulk Ships Subsidiaries.
Vessel Owning Subsidiaries has the meaning assigned to such term in Recital C.1 of this Agreement. “Vessels” has the meaning assigned to such term in Section 4.01(d).
Vessel Owning Subsidiaries has the meaning given to it in the recitals;
Vessel Owning Subsidiaries means, collectively, the APL Vessel-Owning Subsidiaries and the HSM Vessel-Owning Subsidiaries.
Vessel Owning Subsidiaries or “vessel-owning subsidiary” means each of Martinique International Corp., Harbour Business International Corp., Amazons Management Inc., Lagoon Shipholding Ltd., Cynthera Navigation Ltd., and Waldeck Maritime Co., each a direct subsidiary of Seanergy Buyer and indirect subsidiary of Seanergy, which entities have joined the Master Agreement, pursuant to those certain Acknowledgement and Agreements, dated May 26, 2008 (included as Annex S-1 through S-6), and which entities have assumed the rights and obligations of Seanergy under the several MOAs, pursuant to those certain Agreements, dated May 26, 2008 (included as Annex T-1 through T-6);
Vessel Owning Subsidiaries are: Avocet Shipping LLC; Bittern Shipping LLC; Canary Shipping LLC; Cardinal Shipping LLC; Condor Shipping LLC; Crane Shipping LLC; Crested Eagle Shipping LLC; Crowned Eagle Shipping LLC; Egret Shipping LLC; Falcon Shipping LLC; Gannet Shipping LLC; Golden Eagle Shipping LLC; Goldeneye Shipping LLC; Xxxxx Shipping LLC; Harrier Shipping LLC; Hawk Shipping LLC; Ibis Shipping LLC; Imperial Eagle Shipping LLC; Xxxxxx Shipping LLC; Xxx Shipping LLC; Kestrel Shipping LLC; Kingfisher Shipping LLC; Kite Shipping LLC; Kittiwake Shipping LLC; Xxxxxx Shipping LLC; Merlin Shipping LLC; Nighthawk Shipping LLC; Oriole Shipping LLC; Osprey Shipping LLC; Owl Shipping LLC; Peregrine Shipping LLC; Petrel Shipping LLC; Puffin Shipping LLC; Redwing Shipping LLC; Roadrunner Shipping LLC; Sandpiper Shipping LLC; Shrike Shipping LLC; Skua Shipping LLC; Sparrow Shipping LLC; Stellar Eagle Shipping LLC; Tern Shipping LLC; Xxxxxxxx Shipping LLC; Thrush Shipping LLC; Woodstar Shipping LLC; and Xxxx Shipping LLC. 11 As of the Petition Date, Eagle had not drawn on, and thus no amount was outstanding in respect of, the revolving loans under the Prepetition Credit Agreement. In connection with the Prepetition Credit Agreement, EBS entered into a Warrant Agreement, dated June 20, 2012, pursuant to which EBS issued to the lenders under the Prepetition Credit agreement warrants (the “Lender Warrants”) convertible on a cashless basis into shares of EBS’ common stock, par value $0.01, equal to an aggregate of 19.99% of EBS’ outstanding common stock on June 20, 2012 at an exercise price of $0.01 per share of common stock. One-third of the Lender Warrants were exercisable immediately on the issue date thereof, the next third of the Lender Warrants were exercisable when the price of EBS’ common stock reached $10.00 per share (subject to certain customary adjustments in the event of stock splits, reverse stock splits and certain distributions to all holders of common stock) or certain other events occurred (the “Trigger Price B Warrants”), and the last third of the Lender Warrants were exercisable when the price of EBS’ common stock reached $12.00 per share (subject to the aforementioned adjustments) or certain other events occurred (the “Trigger Price C Warrants”). Unexercised Lender Warrants will expire on June 20, 2022. As discussed in further detail below, on July 2, 2014, EBS and certain of the lenders under the Prepetition Credit Agreement entered into the Warrant Agreement Amendment (as ...