Vessel Weighting definition

Vessel Weighting means for any ship for any calendar year, the product of (i) DWT, the design deadweight of the ship, and (ii) distance travelled on all voyages performed by the ship over the relevant calendar year. For any Hafnia-owned Ship that is not owned in whole, directly or indirectly, by the Parent, the Vessel Weighting will be further multiplied by (iii) the Parent’s percentage of ownership at the end of the relevant calendar year.
Sample 1Sample 2
Vessel Weighting means, for any Vessel for any calendar year, the product of (i) the number of days in that calendar year that such Vessel is owned by Holdings or any of its Subsidiaries and (ii) the Vessel’s DWT. ​ ​ Schedule 2.09(c) Scheduled Commitment Reductions REDUCTION DATE TOTAL COMMITMENT REDUCTION OUTSTANDING COMMITMENTS July 26, 2024 $12,820,000.00 $487,180,000.00 October 26, 2024 $12,820,000.00 $474,360,000.00 January 26, 2025 $12,820,000.00 $461,540,000.00 April 26, 2025 $12,820,000.00 $448,720,000.00 July 26, 2025 $12,820,000.00 $435,900,000.00 October 26, 2025 $12,820,000.00 $423,080,000.00 January 26, 2026 $12,820,000.00 $410,260,000.00 April 26, 2026 $12,820,000.00 $397,440,000.00 July 26, 2026 $12,820,000.00 $384,620,000.00 October 26, 2026 $12,820,000.00 $371,800,000.00 January 26, 2027 $12,820,000.00 $358,980,000.00 April 26, 2027 $12,820,000.00 $346,160,000.00 July 26, 2027 $12,820,000.00 $333,340,000.00 October 26, 2027 $12,820,000.00 $320,520,000.00 January 26, 2028 $12,820,000.00 $307,700,000.00 April 26, 2028 $12,820,000.00 $294,880,000.00 July 26, 2028 $12,820,000.00 $282,060,000.00 October 26, 2028 $12,820,000.00 $269,240,000.00 January 26, 2029 $12,820,000.00 $256,420,000.00 April 26, 2029 $12,820,000.00 $243,600,000.00 July 26, 2029 $12,820,000.00 $230,780,000.00 October 26, 2029 $12,820,000.00 $217,960,000.00 January 31, 2030 (the “Maturity Date”) $217,960,000.00 $0.00 ​ ​ ​ Schedule 3.07(a) Equity Interests ​​​​​​​ No.CompanyJurisdictionPrincipal Immediate OwnerNumber of Each Class of Equity Interests AuthorizedNumber of Each Class of Equity Interests OutstandingNumber of Equity Interests covered by all outstanding options, warrants, rights of conversion or purchase and similar rights
Sample 1
Vessel Weighting means, for any Fleet Vessel for any calendar year, the product of (i) the Owned Days and (ii) the Fleet Vessel’s DWT. ​ 216 ‌ EUROPE/73091764v9 ​ SCHEDULE 11​ ​ List of Approved Valuers ​ Shipbroker Country Arrow Valuation Ltd United Kingdom Fearnleys AS Norway /Singapore Xxxxxxxxx Platou United Kingdom Braemar Shipbrokers Ltd United Kingdom Xxxxx-Xxxxxxxx Xxxxxx France Maersk Broker Denmark Xxxxxxx Xxxxxx Xxxxx United Kingdom ​ ​ ​ ​ ​ 217 ‌ EUROPE/73091764v9 ​ SCHEDULE 12​ ​ Repayment Instalment and Reduction Instalment Formula ​ Part A TERM LOAN FACILITY AND ACCORDION FACILITY A = B / (16.5 years – age of the Ship relating to that Advance) / 4 A = each Repayment Instalment amount in relation to an Advance under the Term Facility or an Advance under the Accordion Facility* B = relevant amount of the Loan applicable to that Advance under the Term Facility or that Advance under the Accordion Facility *Balloon instalment to be added to the relevant final Repayment Instalment ​ Part B REVOLVING FACILITY A = B / (16.5 years – age of the Ship relating to that Revolving Commitment) / 4 A = each Reduction Instalment amount in relation to a Revolving Commitment* B = relevant amount of the Revolving Commitments *Balloon instalment to be added to the final Reduction Instalment ​ 218 ‌ EUROPE/73091764v9 ​ SCHEDULE 13​ ​ Timetables ​ Delivery of a duly completed Utilisation Request (Clause 5.1 (Delivery of a Utilisation Request)) Five Business Days before the intended Utilisation Date (Clause 5.1 (Delivery of a Utilisation Request)) Facility Agent notifies the Lenders of the Advance in accordance with Clause 5.4 (Lenders' participation) Two Business Days before the intended Utilisation Date. Term SOFR Reference Rate is fixed Quotation Day ​ ​ ​ ​ ​ ​ 219 ‌ EUROPE/73091764v9 ​ SCHEDULE 14​ ​ Form of Accordion Facility Notice To:ABN AMRO BANK N.V. as Facility Agent From: FITZROY SHIPCO LLC, XXXXXX SHIPCO LLC, CROMARTY SHIPCO LLC, DOGGER SHIPCO LLC, XXXXX SHIPCO LLC, VIKING SHIPCO LLC, TRAMORE SHIPCO LLC, as joint and several Borrowers and the entities listed in the Schedule as Accordion Facility Lenders (the "Accordion Facility Lenders") Dated: [●] Fitzroy Shipco LLC, Xxxxxx Shipco LLC, Cromarty Shipco LLC, Dogger Shipco LLC, Xxxxx Shipco LLC, Viking Shipco LLC and Tramore Shipco LLC – Facilities Agreement for up to $160,457,686 dated [●] 2022 (the "Agreement") 1 We refer to the Agreement. This is an Accordion Facility Notice. This Accordion Facility Notice shall take ...
Sample 1

More Definitions of Vessel Weighting

Vessel Weighting means, for any Vessel for any calendar year, the product of (i) the number of days in that calendar year that such Vessel is owned by Holdings or any of its Subsidiaries and (ii) the Vessel’s DWT. AMERICAS 101830028 Schedule 2.09(a) Core Scheduled Amortization Payment Amount CORE TERM LOAN REPAYMENT DATE PAYMENT AMOUNT June 30, 2020 $9,476,175.93 September 30, 2020 $9,476,175.93 December 31, 2020 $9,476,175.93 March 31, 2021 $9,476,175.93 June 30, 2021 $9,476,175.93 September 30, 2021 $9,476,175.93 December 31, 2021 $9,476,175.93 March 31, 2022 $9,476,175.93 June 30, 2022 $9,476,175.93 September 30, 2022 $9,476,175.93 December 31, 2022 $9,476,175.93 March 31, 2023 $9,476,175.93 June 30, 2023 $9,476,175.93 September 30, 2023 $9,476,175.93 December 31, 2023 $9,476,175.93 March 31, 2024 $9,476,175.93 June 30, 2024 $9,476,175.93 September 30, 2024 $9,476,175.93 December 31, 2024 $9,476,175.93 Core Term Loan Maturity Date $119,952,657.30 AMERICAS 101830028 Schedule 2.09(b) Transition Scheduled Amortization Payment Amount TRANSITION TERM LOAN REPAYMENT DATE PAYMENT AMOUNT March 31, 2020 $5,000,000.00 June 30, 2020 $5,000,000.00 September 30, 2020 $5,000,000.00 December 31, 2021 $5,000,000.00 March 31, 2021 $5,000,000.00 June 30, 2021 $5,000,000.00 September 30, 2021 $5,000,000.00 December 31, 2022 $5,000,000.00 March 31, 2022 $5,000,000.00 Transition Term Loan Maturity Date $5,000,000.00 AMERICAS 101830028 Schedule 3.07(a) Equity Interests
Sample 1
Vessel Weighting means, for any Fleet Vessel for any calendar year, the product of (i) the Owned Days and (ii) the Fleet Vessel’s DWT. ​ 208 ​ SCHEDULE 10 LIST OF APPROVED VALUERS Shipbroker Country Arrow Valuation Ltd United Kingdom Fearnleys AS Norway /Singapore Xxxxxxxxx Platou United Kingdom Braemar Shipbrokers Ltd United Kingdom Xxxxx-Xxxxxxxx Xxxxxx France Maersk Broker Denmark Xxxxxxx Xxxxxx Xxxxx United Kingdom ​ 209 ​ SCHEDULE 11 REPAYMENT INSTALMENT FORMULA A = B / (16.5 years – age of the Ship relating to that Advance) / 4 A = each Repayment Instalment amount in relation to an Advance* B = relevant amount of the Loan applicable to that Advance *Balloon instalment to be added to the final Repayment Instalment ​ 210 ​ SCHEDULE 12 TIMETABLES
Sample 1
Vessel Weighting means, for any Fleet Vessel for any calendar year, the product of (i) the Owned Days and (ii) the Fleet Vessel’s DWT. ​ 212 SCHEDULE 10 SHIPS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ship Owner Vessel Name Vessel Type / Capacity IMO numbers DWT Classification Society Class Notation Built Index Amount Ship A Faroe Shipco LLC ARDMORE SEAFOX Product/chemical tanker 9708215 49,999 Lloyds’s Register +100A1 2015 $29,500,000$32,000,000 Ship B Xxxxxx Shipco LLC ARDMORE CHINOOK Product/chemical Oil tanker/chemical tanker 9707869 25,233 ABS +Al 2015 $25,800,000$26,750,000 Ship C Fair Isle Shipco LLC ARDMORE SEALION Product/chemical tanker 9708203 49,999 Lloyds’s Register +100A1 2015 $29,500,000$32,000,000 Ship D Humber Shipco LLC ARDMORE CHIPPEWA Product/chemical Oil tanker/chemical tanker 9707871 25,21025,217 ABS +Al 2015 $25,800,000$26,750,000 Ship E Forth Shipco LLC ARDMORE SEAVANTAGE Product/chemical tanker 9637076 49,997 ABSLloyds Register +A1100A1 2014 $27,900,000$30,375,000 Ship F Trafalgar Shipco LLC ARDMORE ENDEAVOUR Product/chemical tanker 9667942 49,997 ABSLloyds Register +A1100A1 2013 $25,600,000$28,125,000 Ship G Wight Shipco LLC ARDMORE DAUNTLESS Product/chemical tanker 9707388 37,764 Lloyds Register +100A1 2015 $27,300,000$28,625,000 Ship H Saltee Shipco LLC ARDMORE ENTERPRISE Product/chemical tanker 9654555 49,45349,452 DNV GL +1A1 2013 $25,600,000$28,125,000 Ship I Blasket Shipco LLC ARDMORE ENDURANCE Product/chemical tanker 97598869654567 49,82849,466 ABSDNV GL +AE11A1 2013 $25,600,000$28,125,000 Ship J Kilmore Shipco LLC ARDMORE ENGINEER Product/chemical tanker 9654787 49,420 DNV GL +1A1 2014 $30,375,000 Ship K Killary Shipco LLC ARDMORE EXPLORER Product/chemical tanker 9654581 49,494 DNV GL +1A1 2014 $30,375,000 Ship L Ballycotton Shipco LLC ARDMORE ENCOUNTER Product/chemical tanker 9654579 49,478 DNV GL +1A1 2014 $30,375,000 ​ ​ ​ ​ ​ ​ ​ ​ Total $242,600,000$352,000,000 ​ ​ 213 SCHEDULE 11 LIST OF APPROVED VALUERS Shipbroker Maersk Broker UK Ltd Xxxx Xxxxxxxxxx AS Arrow Valuation Ltd Fearnleys AS Xxxxxxx Xxxxxx & Xxxxx Clarksons Braemar Shipbrokers Ltd ​ ​ ​ 214 SCHEDULE 12 TIMETABLES ​ ​
Sample 1
Vessel Weighting means, for a given vessel in the Fleet, and a particular calendar year, the product of (i) Owned Days and (ii) the respective vessel’s DWT.
Sample 1

Related to Vessel Weighting

  • Vessels shall have the meaning set forth in the recitals.

  • Tare Weight means the weight of an empty shipping container, excluding all materials used for wrapping, cushioning, banding, waterproofing, packaging, blocking and bracing articles within the exterior container.

  • Pressure vessel means containers for the containment of pressure, either internal or external. This pressure may be obtained from an external source or by the application of heat from a direct or indirect source, or any combination thereof.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Operating pressure means the pressure at which the parts of an irrigation system are designed by the manufacturer to operate.

  • Metric means a) when referenced in the context of a Named User, the individual Named User category and type (and corresponding Named User definition setting for such Named User’s use rights) as further described in Section 2.1 hereof -and- b) when referenced in the context of a Package, the individual business metric corresponding with each Package as further described in Section 2.2 hereof;

  • Deadweight (DW) means the difference in metric tons between the displacement of a ship in water of a specific gravity of 1.025 at the load waterline corresponding to the assigned summer freeboard and the lightweight of the ship.

  • Pressure means the total load or force per unit area acting on a surface.

  • storage vessel means a pressure vessel as defined in the Regulations for Pressure Vessels made under the Occupational Health and Safety Act;

  • Net weight means the weight of the goods themselves without packing materials and packing containers of any kind;

  • Flight means any flight demonstration, flight test, taxi test, or other flight made in the performance of this contract, of for the purpose of safeguarding the aircraft, or previously approved in writing by the Contracting Officer.

  • Process weight means the total weight of all materials introduced into any source operation. Solid fuels charged will be considered as part of the process weight, but liquid and gaseous fuels and combustion air will not.

  • Tanker in relation to chapter 4 means an oil tanker as defined in MARPOL Annex I, regulation 1 or a chemical tanker or an NLS tanker as defined in MARPOL Annex II, regulation 1.

  • Altitude means the vertical distance of a level, a point or an object considered as a point, measured from mean sea level (MSL);

  • passenger ship means a ship which carries more than 12 passengers;

  • Backpressure means a pressure (caused by a pump, elevated tank or piping, boiler, or other means) on the consumer's side of the service connection that is greater than the pressure provided by the public water system and which may cause backflow.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • Weight means aside from the obvious meaning in the physical sciences, the word is used in reference to a person's "size".

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that: