BOG Standards definition
Examples of BOG Standards in a sentence
HLNGH has agreed to indemnify the Partnership Group Members (as defined herein) from and against any Claims (as defined herein) arising from or related to the failure of any of the Vessels to meet the applicable BOG Standards pursuant to the applicable Time Charter as set forth in the GDF Suez Claims, and HLNGH and the Partnership are entering into this Agreement to memorialize such agreement.
The Indemnitor shall indemnify and hold harmless Indemnitees from and against the Indemnitees’ share of all Losses and Expenses suffered or reasonably incurred by, or on behalf of, any such Indemnitees related to, or arising from, the failure of either of the Vessels to meet the applicable BOG Standards in accordance with the applicable Time Charter as set forth in the GDF Suez Claims.