Current Charter definition
Examples of Current Charter in a sentence
All of the Company’s outstanding Company Class A Shares and Company Class B Shares are duly authorized, validly issued, fully paid and non-assessable and are not subject to or issued in violation of any purchase option, right of first refusal, preemptive right, subscription right or any similar right under any provision of the Cayman Islands Companies Act, the Current Charter or any contract or agreement to which the Company is a party.
This Proposal is referred to as the “Brilliant Charter Amendment Proposal” or “Brilliant Proposal 3.” • To consider and vote, on a non-binding advisory basis, upon four governance proposals relating to material differences between the Current Charter and the Amended Charter to be in effect upon the completion of the Business Combination in accordance with the requirements of the U.S. Securities and Exchange Commission (the “SEC”).
This Agreement, together with the Conversion Agreement and the Current Charter as proposed to be amended by the Charter Amendment, constitute the entire agreement among the Stockholders with respect to the subject matter hereof.
If the Vessel is delivered to the Buyers after the First Possible Delivery Date, then the Sellers will pay to the Buyers for each running day the Vessel is delivered after the First Possible Delivery Date a sum in United States Dollars which is equal to the net of commissions daily charter hire received by the Sellers under the Current Charter for such Vessel on each such day minus the daily operating expenses paid by the Sellers in connection with the Vessel again on each such day.
The waiver specified in this Section 1.2 constitutes the written consent of the holders of a majority of the shares of SPAC Class B Shares outstanding, voting separately as a single class, in the manner contemplated by Section 4.3(b)(iii) of the Current Charter.