DRYDOCK Sample Clauses

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DRYDOCK. On or before March 30, 2002, Borrower agrees to deliver to Lender a first preferred ship mortgage and security interest in the Drydock to secure the payment and performance of the Obligations to be documented upon terms and conditions satisfactory to Lender. V. The Loan Agreement is hereby amended by amending and restating Section 4.01 in its entirety: SECTION
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DRYDOCK. At a minimum, drydock facility shall meet the following criteria: 1 Lift capacity of 2,001 long tons; 2 Clearance width at drydock floor of 70’-0”; and 3 Keel block height between 4’0” and 7’0”.
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DRYDOCK. The Purchaser understands that the Vessel's certifications have expired and have not been renewed. The Purchaser understands that the Vessel must be drydocked and that substantial steel replacement, hull and other work will be required in drydock. However, the Seller makes no warranties, express or implied, as to the costs relating to drydocking of the Vessel. The Purchaser agrees to take the Vessel to a drydock of its choice on or before August 15, 2000. The Purchaser agrees to pay for all costs and expenses relating to the repair and drydock of the Vessel. The Parties agree that the Purchaser shall pay the cost of transporting the Vessel to and from drydock regardless of whether the Purchaser elects to terminate this Agreement.
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DRYDOCK. Seller shall in connection with the delivery of the ------- Vessel cause the Vessel to be drydocked at a port in Singapore on or about November 1, 1998 (or such other date as shall be agreed to by Seller and Buyer), with completion of inspection (as contemplated by Section 3(c) hereof), repair and improvements (as contemplated by Section 3(e) hereof) to be completed by or on behalf of the Buyer on or about November 11, 1998. The Buyer shall instruct D. ▇. ▇▇▇▇▇▇▇▇▇ ▇r such other independent marine surveyor to inspect the Vessel as aforesaid and shall pay such fees as may be required for such purpose. The expenses in connection with putting the Vessel in and taking her out of drydock, including drydock dues shall be paid by the Seller. The independent marine surveyor's fees shall be paid by the Buyer. The Buyer shall undertake the inspection without undue delay to the Vessel. Should the Buyer cause such delay, the Buyer shall compensate the Seller for losses thereby incurred. The Buyer shall inspect the Vessel without significant cost to the Seller. During the inspection, the Vessel's log books for engine and deck shall be made available for the Buyer's examination. If the Vessel is accepted after such afloat inspection, the purchase shall, save as set out in this Agreement, become definite provided the Seller receives written or telexed notice from the Buyer within 48 hours after completion of such inspection. Should notice of acceptance of the Vessel not be received by the Seller as aforesaid, the Deposit shall immediately be released, whereafter this Agreement shall ipso facto cease and ---------- determine and neither party shall have any claim against the other for costs, damages, compensation or otherwise.
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DRYDOCK. Owner, at its expense, shall drydock, clean and maintain the Vessel’s bottom and propeller, and make all overhaul and other necessary repairs properly to maintain the Vessel(s) in class; maintain the Vessel(s) in compliance with F-2 (Condition) above and the warranties of C-3.1 above, and otherwise to keep the Vessel(s) tight, staunch, and strong, and in thoroughly efficient order and condition. For such purpose of drydock, Charterer shall allow ▇▇▇▇▇▇(s) to proceed to an appropriate port upon 60 days’ prior notice to the Contracting Officer. All towage, pilotage, fuel, gas-freeing if required, water, and other expenses incurred while proceeding to and from drydock shall be for Owner’s account.
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DRYDOCK. 61.1 Dry Docking during a Special Survey (a) EE shall, prior to the Effective Date, provide PREP A with details (including the date) of the most recent dry-docking of the Vessel. (b) Approximately every five (5) years after the dry-docking conducted prior to delivery of the Vessel, the Vessel shall be required to undergo a special survey. (c) In the event that the Vessel was not dry-docked at the time of its then most recent special survey (by agreement with the Classification Society) and PREP A elects to use the Vessel as an LNG Carrier, the Vessel shall be required to undergo a dry-docking before PREP A uses the Vessel as an LNG Carrier (to be conducted during the Vessel's next special survey if that next special survey is scheduled prior to PREP A's use of the Vessel as an LNG Carrier). (d) If a dry-docking would be required under Clause 6l.l(c) above as a result of a PREP A election to use the Vessel as an LNG Carrier, PREP A shall provide one month's written notice to EE of any intention to use the Vessel as an LNG Carrier so that EE can schedule a dry-dock at a shipyard acceptable to EE in its sole discretion. (e) Unless it is commercially impracticable to do so, EE shall schedule dry-dockings in due consideration of prudent operating practices, the safety of the Vessel, her cargo, officers and the crew, PREP A's LNG shipping schedule, and any requested use by PREP A of the Vessel as an LNG Carrier and: (i) the costs and expenses of scheduled and unscheduled dry-dockings shall be paid out of accruals for dry-docking accumulated from the Operating Cost Component; and (ii) the costs and expenses of unscheduled dry-dockings required as a result of a PREPA election to use the Vessel as an LNG Carrier shall (to the extent of insufficient dry-docking accumulations from the Operating Cost Component) be for PREP A's account (with no ▇▇▇▇-up) provided that PREP A has received full details of the costing of such dry-docking from EE forty-five ( 45) days prior to the relevant dry-docking and approved that costing in advance of the dry- docking. (f) In the event of any dry-docking, EE shall use reasonable efforts to provide a Substitute Vessel if PREPA so requests in accordance with the provisions of Clause 12. The substitution back into service of the Vessel departing dry-dock shall be at EE's discretion subject also to Clause 12.1, provided that where the dry-docking was required due to PREP A wishing to use the Vessel as an LNG Carrier, the Vessel must be su...
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DRYDOCK. A First Preferred Ship Mortgage by Borrower granting Lender a preferred ship mortgage and security interest in the Drydock; ▇▇▇▇▇▇ SHIPYARD
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Related to DRYDOCK

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(The Planned Maintenance descriptions reflected in the general form set forth in Schedule 9.6 are provided for indicative purposes only, and are not necessarily representative of the detail, time periods, or certainty required for a Planned Maintenance Schedule hereunder.) (c) Buyer shall have the right to disapprove, in its reasonable discretion (provided that Buyer shall have the right to disapprove, in its sole and absolute discretion, any Planned Maintenance proposed by Seller that is inconsistent with the terms of this Agreement), any Planned Maintenance set out in any Planned Maintenance Schedule proposed by Seller for any Contract Year, except for any Planned Maintenance that (i) is scheduled to occur outside of Daylight Hours or during Daylight Hours during the months of October and November or (ii) Seller is required to perform pursuant to any applicable manufacturer warranty and that is scheduled to occur in compliance with Section 9.6(a). 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