Bareboat Owners definition

Bareboat Owners means each of the companies listed in Schedule 6 and in the plural means all of them;
View Source
Bareboat Owners means each Original Bareboat Owner and each Undertaking Bareboat Owner.
View Source
Bareboat Owners. Shares Pledge” means, in relation to each Bareboat Owner, a second priority pledge of all the shares of and in that Bareboat Owner required to be executed hereunder by the Shareholder in favour of the Lender, in such form as the Lender may agree or require in its reasonable discretion, and in the plural means all of them;
View Source

Examples of Bareboat Owners in a sentence

  • Following a period of financial difficulties, the Company, the Co-ordinating Committee and certain of the Charterparty Owners and the Bareboat Owners entered into the Restructuring Heads of Terms and have been in negotiations, with the objective of reaching an out-of-court agreement for the financial restructuring of the Company and the Group.

  • Any such amounts payable in respect of the Underwriting Fee, Company Advisor Fees, Charterparty Owner Costs, Restructuring Advisor Costs or Majority Charterparty Advisor Costs, shall be paid by wire transfer of immediately available U.S. Dollar funds or by way of funds flow letter as directed by the applicable Company Advisor, Restructuring Advisor, Majority Charterparty Advisor or the Original Time-Charter Owners or Original Bareboat Owners.

  • Owner Individual Termination) such Original Time-Charter Owner or Original Bareboat Owner hereby waives and releases any entitlement to the Agreed Debts (but not any entitlement to its Above Market Claims or Roll Up Amounts), which are only due and payable only on the Restructuring Effective Date, which shall be allocated amongst the relevant Charterparty Owners and Bareboat Owners who shall Participate in the Restructuring on the Restructuring Effective Date.

  • Each of the Original Bareboat Owners and Charterers agrees that upon the occurrence of the Restructuring Effective Date and upon the entry into the relevant Bareboat Amendments any Extension Option relating to any Bareboat Agreements shall terminate and expire.

  • As agreed between the Company, the Lenders and the Charterparty Owners and the Bareboat Owners, respectively, pursuant to the Restructuring Agreement or Deed of Undertaking, as applicable, the Board of Directors has allocated the new shares as set out in the New Equity Allocation List.

  • The Lenders and the Charterparty Owners or Bareboat Owners, respectively, have pursuant to the Restructuring Agreement or Deeds of Undertakings as applicable agreed to subscribe for shares in the Company.


More Definitions of Bareboat Owners

Bareboat Owners means each Original Bareboat Owner and each Undertaking Bareboat Owner. “Board” means the board of directors of the Company.
View Source

Related to Bareboat Owners

  • Co-owners means (a) all the allottees of Units in the Project excepting those who (i) have either not been delivered possession of any Unit or (ii) have not got the conveyance deed in respect of any Unit to be executed and registered in their favour; and (b) for all Units which are not alienated by execution of deed of conveyance or whose possession are not parted with by the Owner/Promoter, shall mean the respective Owner and/or Promoter;

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • New Owner means, collectively, the HDFC and the Company.

  • The Owners means the party identified in Box 3;