Collateral Vessel Contract definition

Collateral Vessel Contract means any charterparty, pool agreement or drilling contract in respect of any Collateral Vessel or other contract for use of any Collateral Vessel.
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Examples of Collateral Vessel Contract in a sentence

  • The Parent shall not, and shall not permit any Restricted Subsidiary (other than any Loan Party (other than the Parent)) to, be or become party to any Collateral Vessel Contract (including as a charterer of any Collateral Vessel) or otherwise hold the right to directly receive any Earnings attributable to any Collateral Vessel or any other Related Assets with respect to any Collateral Vessel.