Vessel Repair definition

Vessel Repair means use for repair and construction of vessels, and uses which are ancillary, accessory or incidental to vessel repair or construction. Tenant’s primary use, when Tenant is doing work on the underwater bodies of vessels, shall be vessels for which Te- nant uses a drydock or ship lift.
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Examples of Vessel Repair in a sentence

  • Approval of alterations or improvements to the Premises relating to Vessel Repair or other use approved by City under Section 10 shall be pursuant to Section 33.a, and so shall not be unreasonably withheld.

  • Any portions of the Premises occupied by Minor Uses shall be assumed to be available for Vessel Repair for purposes of determining Fair Market Rent.

  • Tenant may defer later phase(s) of Reconstruction when the Insurance Proceeds are insufficient and the earlier phase(s) provide enough Vessel Repair capacity to make Tenant’s continued operation of its Vessel Re- pair business economic.

  • If the Restoration can be accomplished in phases enabling Tenant to continue to oper- ate its Vessel Repair business after completion of the first phase, Tenant shall include the phases, their estimated cost and their then-anticipated timing in its estimate.

  • In determining Fair Market Rent, the geographic area of the market for leases for Vessel Repair uses shall be limited to the west coast of the United States.

  • A “Minor Use” is a use other than Vessel Repair of any portion of the Premises: that has been approved by the City; occupies no more than 10% of the land area of the Premises; and which, together with all other Minor Uses, does not exceed 25% of the land area of the Premises.

  • Approval of alterations or improvements to the Premises not relating to Vessel Repair or other use of the Premises approved by City under Section 10 shall be within the City’s Discretion.

  • Except as City may otherwise approve, the Premises shall be used and occupied for Vessel Repair, as defined below.

  • The Vessel Repair and Refurbishment Contract dated October 13, 1995, between the Borrower and the Builder, as amended from time to time, providing for the construction to be performed on each Vessel, copies of which have been furnished to the Agent and the Banks.

  • The Fair Market Rent shall be based on use of the Premises for Vessel Repair and on any other uses of the Premises approved by City pursuant to Section 10 except Minor Uses, but not on any other potential use of the Premises.