Broker Panel definition

Broker Panel means The Association of Shipbrokers and Agents Tanker Broker Panel or another panel of brokers mutually acceptable to the Company and OIN.
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Examples of Broker Panel in a sentence

  • If, at the time of the exercise of any extension period, the Broker Panel is no longer quoting one-, two- or three-year time charter rates, then a mutually acceptable replacement Broker Panel shall be selected by the Owner and Charterer.

  • The following broker panels shall be deemed mutually acceptable by the Owner and Charterer: London Tanker Broker Panel Charterer agrees that Additional Hire Payment Amount (as defined in the Charter Framework Agreement, dated October 6, 2005, by and among the Owners, the Charterer and the other parties thereto), if any, shall be calculated and paid in accordance with such Charter Framework Agreement.

  • Determinations of the Broker Panel shall be binding on the Company, the Charterers and OIN.

  • If, at the time of the exercise of any extension period, the Broker Panel is no longer quoting one-, two- or three-year time charter rates, then a mutually acceptable replacement Broker Panel shall be selected by the owner and Charterer.

  • OIN shall instruct the Broker Panel to deliver the Average WS Spot Rates no later than the fifth Business Day following the day on which it makes its request.

  • The Company and OIN shall each be responsible for 50% of the expenses of the Broker Panel (and any experts engaged by the Broker Panel) as they relate to the Vessels or any other matter covered by the terms of this Agreement.

  • The following broker panels shall be deemed mutually acceptable by the owner and Charterer: London Tanker Broker Panel Charterer agrees that Additional Hire Payment Amount (as defined in the Charter Framework Agreement, dated October [ ], 2005, by and among the Owners, the Charterer and the other parties thereto), if any, shall be calculated and paid in accordance with such Charter Framework Agreement.

  • On such 20th Business Day after the Broker Panel Selection Date, the Stabilized Fair Market Value to be used hereunder shall be calculated to equal the arithmetic average of the estimates made by the two of the three Qualified Brokers that are closest to each other in amount (it being agreed that if one of the three estimates is exactly in the middle of all three estimates, then such middle estimate shall be the Stabilized Fair Market Value used hereunder).

  • Within five Business Days following the receipt of the Average WS Spot Rates from the Broker Panel, OIN shall send a notice to the Company, which shall include the Broker Panel’s determination of the Average WS Spot Rates, that sets forth, in reasonable detail, the calculations made by OIN in determining the Spot Revenue for each such Vessel.

Related to Broker Panel

  • Appraiser panel means a network of licensed or certified appraisers who have:

  • Participating Broker-Dealers shall have the meaning set forth in Section 4(a) hereof.

  • DSX Panel means a cross connect bay or panel used for the termination of equipment and facilities operating at digital rates.

  • Expert Advisor means a mechanical online trading system designed to automate trading activities on an electronic trading platform such as the Company’s Trading Platform. It can be programmed to alert the Client of a trading opportunity and can also trade his Trading Account automatically managing all aspects of trading operations from sending orders directly to the Trading Platform to automatically adjusting stop loss, Trailing Stops and take profit levels.

  • Participating Broker-Dealer has the meaning set forth in the Registration Rights Agreement.