charter commitment definition

charter commitment means, in relation to a vessel, any charter or contract for the use, employment or operation of that vessel or the carriage of people and/or cargo or the provision of services by or from it and includes any agreement for pooling or sharing income derived from any such charter or contract;
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charter commitment means any contract for employment of any Vessel for a duration of time, including but not limited to time charterparty and bareboat charterparty. Charter Commitment shall, however, not include any voyage charterparty or any other employment of the Vessels with similar effect.
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Related to charter commitment

  • Total Commitment means the sum of the Commitments of the Lenders.

  • Revolver Commitment means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

  • Total Commitments at any time, the aggregate amount of the Commitments then in effect.

  • Commitment means a Term Commitment or a Revolving Credit Commitment, as the context may require.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Financing Commitment means documentation provided by a third party extending monies for the purpose of supporting the proposed Project in a manner that outlines the terms and conditions of borrowings, grants and other financing instruments. Terms and conditions should be reflective of terms under which all parties are willing to close and fund. There should be no Material Changes to stated terms without documented cause between the issuance of a commitment and closing. Material Changes must be submitted to ADOH for approval in accordance with Section 5.5 of this Plan.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).