Charter Rights definition
Charter Rights means all of the rights of the Owner under or pursuant to the Charter, the Charter Guarantee and any other guarantee, security or other assurance given to the Owner at any time in respect of the Charterer's obligations under or pursuant to the Charter including (without limitation) the right to receive the Charter Earnings;
Charter Rights in relation to a Vessel, means all rights and benefits accruing to the Owner of that Vessel under or pursuant to the relevant Charter and not forming part of the Earnings.
Charter Rights means all rights and benefits accruing to the Borrowers under or pursuant to any relevant Charter and not forming part of the Earnings.
Examples of Charter Rights in a sentence
By its execution of this Deed, each of the Charterer and the Charter Guarantor has received written notice of, and consents to, the assignment to the Mortgagee of the Charter, the Charter Earnings, the other Charter Rights and the Charter Guarantee.
By its execution of this Deed, each of the Charterer and the Charter Guarantor has received written notice of, and consents to, the assignment to the Mortgagee of the Charter, the Charter Earnings and the other Charter Rights and the Charter Guarantee.
By its execution of this Deed, the Charterer has received written notice of, and consents to, the assignment to the Security Agent of the Charter Earnings and the other Charter Rights.
The Borrower shall hold good, marketable, absolute title and the entire beneficial interest in the Vessel and the Vessel’s Insurances, Earnings and Charter Rights.
Upon payment and discharge in full to the satisfaction of the Security Agent of the Outstanding Indebtedness, the Security Agent shall, at the request and cost of the Owner, re-assign the Charter Earnings and the other Owner’s Earnings, the other Charter Rights, the Insurances and any Requisition Compensation to the Owner or as it may direct.
More Definitions of Charter Rights
Charter Rights means all of the rights of the Owner under or pursuant to the Charter and any guarantee, security or other assurance given to the Owner at any time in respect of the Charterer’s obligations under or pursuant to the Charter including (without limitation) the right to receive the Charter Earnings; Collateral Instrument means any note, ▇▇▇▇ of exchange, certificate of deposit and other negotiable and non-negotiable instrument, guarantee, indemnity and other assurance against financial loss and any other document or instrument which contains or evidences an obligation (with or without security) to pay, discharge or be responsible directly or indirectly for, any indebtedness or liabilities of the Owner or any other person liable and includes any document or instrument creating or evidencing a mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, trust arrangement or security interest of any kind; Credit Agreement means the agreement mentioned in Recital (B) hereto; Credit Document Obligations means, except to the extent consisting of obligations, liabilities or indebtedness with respect to Interest Rate Protection Agreements or Other Hedging Agreements, the full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations, liabilities and indebtedness (including, without limitation, principal, premium, interest, fees and indemnities (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of the Owner or any other Credit Party at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in any such proceeding)) of each Credit Party to the Lender Creditors (provided, in respect of the Lender Creditors which are Lenders, such aforementioned obligations, liabilities and indebtedness shall arise only for such Lenders (in such capacity) in respect of Loans and/or Commitments), whether now existing or hereafter incurred under, arising out of, or in connection with the Credit Agreement and the other Credit Documents to which such Credit Party is a party (including, in the case of each Credit Party that is a Guarantor, all such obligations, liabilities and indebtedness of such Credit Party under the Parent Guarantee) and the due performance and compliance by such Credit Party with all of the t...
Charter Rights means all rights and benefits accruing to the Borrower under or arising out of any Charter and not forming part of the Earnings.
Charter Rights means the rights of a Borrower or (as the case may be) the Collateral Owner pursuant to a Charter.
Charter Rights in relation to a Vessel means all rights and benefits accruing to the Charterer of that Vessel under or pursuant to the relevant Bareboat Charter and not forming part of the Earnings.
Charter Rights means the rights of a Borrower pursuant to a Charter.
Charter Rights means all of the rights of the Owner under or pursuant to the Charter and any guarantee, security or other assurance given to the Owner at any time in respect of the Charterer's obligations under or pursuant to the Charter including (without limitation) the right to receive the Charter Earnings; Collateral Instrument means any note, b▇▇▇ of exchange, certificate of deposit and other negotiable and non-negotiable instrument, guarantee, indemnity and other assurance against financial loss and any other document or instrument which contains or evidences an obligation (with or without security) to pay, discharge or be responsible directly or indirectly for, any indebtedness or liabilities of the Owner or any other person liable and includes any document or instrument creating or evidencing a mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, trust arrangement or security interest of any kind;
Charter Rights means all rights and benefits accruing to a Collateral Owner under or pursuant to any relevant Charter and not forming part of the Earnings. "Charterer" means any entity that is a charterer under a Charter. "Code" means the US Internal Revenue Code of 1986. "Collateral Owners" means: (a) each company (being a 100% direct or indirect Subsidiary of the Borrower or the Pledgor) shown as an owner of a Collateral Vessel in Schedule 3; and (b) following a Collateral Substitution, any Replacement Vessel Owner, in each case whilst such company remains party to any Security Documents (each a "Collateral Owner"). "Collateral Substitution" means the replacement of a Collateral Vessel by a Replacement Vessel in accordance with Clause 6.4.2 and Clause 6.5.2. "Collateral Vessels" means: (a) the vessels listed in Schedule 3; and (b) following a Collateral Substitution, any Replacement Vessel, in each case whilst such vessel is (or is about to be) subject to a Mortgage or other Security Documents (each a "Collateral Vessel"). "Collateral Vessel Tranche" means, in relation to each Collateral Vessel, that part of the Loan, up to the Maximum Amount for that Collateral Vessel Tranche, to be advanced to the Borrower, or when the context permits, the amount of the Collateral Vessel Tranche advanced and for the time being outstanding, and together the "Collateral Vessel Tranches". "Commercial Manager" means (i) Teekay Tankers Chartering Pte. Ltd.