Charter Parties. The time Charter Parties for the Vessels referenced in Section 8.2(g) shall have been duly executed by each of SAMC and Buyer (or its relevant nominated subsidiary) in accordance with Section 8.2(g) hereof.
Charter Parties. Safbulk shall have entered into Charter Parties with each applicable Vessel-owning subsidiary nominee of Buyer at the following rates (the “Charter Rates”) for a 1 year period at a minimum: (i) $30,000 per day for the African Oryx; (ii) $36,000 per day for the African Zebra; (iii) $60,000 per day for Kouan 215; (iv) $60,000 per day for the Kouan 216; (v) $65,000 per day for the Bremen Max and (vi) $65,000 per day for the Hamburg Max, it being understood and agreed that the Sellers are allowed some flexibility as to per vessel type charters secured so long as the operating day and duration weighted average revenues are consistent with the above. All of the above rates are inclusive of the 2.5% address commission in favor of SAMC, plus the 1.25% commission in favor of Safbulk. It is understood that the duration of each Charter Party shall commence as of the delivery of each Vessel to Buyer (or its nominated subsidiary) to which such Charter Party relates.
Charter Parties. If at any time the Charter Parties are not renewed or the Charter Parties otherwise expires, are terminated or cancelled for whatever reason, unless a substitute charter party with an acceptable charterer is entered into with the consent of the Agent, which consent not to be unreasonably withheld, or the Borrower or the Charterer materially breach or terminate or the Borrower waives any material right under any Charter Party; or
Charter Parties. All participants in the ESMA 2016 should agree and respect this Agreement. With this signature, I hereby certify that I have read the Agreement, agree with its content and will fully respect it. Date: ………………………….. Name: ………………………….
Charter Parties. To the Company’s knowledge: (i) each of the Charter Parties has all necessary licenses, authorizations, consents and approvals and has made all necessary filings required under any federal, state, local or foreign law, regulation or rule, and has obtained all necessary licenses, authorizations, consents and approvals from other persons, in order to conduct its business; (ii) none of the Charter Parties is in violation of, or in default under, or has received notice of any proceedings relating to revocation or modification of, any such license, authorization, consent or approval or any federal, state, local or foreign law, regulation or rule (including those federal, state, local or foreign laws, regulations or rules applicable to reimbursement for healthcare or any related services) or any decree, order or judgment applicable to such Charter Parties or the business conducted thereby; and (iii) there are no actions, suits, claims, investigations or proceedings pending or threatened or contemplated to which any of the Charter Parties would be a party or of which any of their respective properties is or would be subject at law or in equity, before or by any federal, state, local or foreign governmental or regulatory commission, board, body, authority or agency, or before or by any self-regulatory organization or other non-governmental regulatory authority.
Charter Parties. The Charter Parties for the Unrestricted Vessels will be novated on Closing from the current Charter Owners to the Buyers pursuant to the Novation Agreements.
Charter Parties. The Owner will fully perform any and all charter parties which may, pursuant to the terms hereof, be entered into with respect to the Vessel.
Charter Parties. To the Company’s knowledge each of the Charter Parties has all necessary licenses, authorizations, consents and approvals and has made all necessary filings required under any federal, state, local or foreign law, regulation or rule, and has obtained all necessary licenses, authorizations, consents and approvals from other persons, in order to conduct its business.
Charter Parties. Sellco shall use its best efforts to have the relevant Charterer under each Charter Party execute not later than the date of the First Closing a novation agreement providing for the novation of that Charter Party to the relevant Buyer upon delivery of the relevant Vessel under the relevant MOA, upon the terms and subject to the conditions included in the draft set out in Schedule 6. If, despite Sellco’s best efforts, Sellco is unable to obtain such novation by the date which is thirty (30) days prior to the cancelling date under a given MOA, then (a) subject to any other applicable conditions under this Agreement (including the MOAs), the sale of the relevant Vessel shall proceed without the Charter Party being attached to the Vessel, and (b) Sellco shall fully defend, hold harmless, and indemnify Buyco, its Affiliates, and their respective officers, directors, shareholders, and personnel, from any and all liabilities arising out of or relating to termination of such Charter Party, including reasonable fees and expenses of counsel.
