Dry Bulk Vessel definition

Dry Bulk Vessel means a vessel which is specially designed and built to carry large volumes of cargo in bulk cargo form.
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Examples of Dry Bulk Vessel in a sentence

  • SECTION 2.2 The parties hereto acknowledge and agree that offering a charter to a Dry Bulk Vessel owned, directly or indirectly, by the Company meeting the criteria for such charter pursuant to Section 2.1 is subject to the relevant charterer agreeing to enter into such charter with the Company’s subsidiary owning such Dry Bulk Vessel, failing which the relevant charter shall remain available to the relevant Dry Bulk Vessel so owned or managed by AK and no offer under Section 2.1 shall be made.

  • SECTION 2.2 The parties hereto acknowledge and agree that offering a charter to a Dry Bulk Vessel owned, directly or indirectly, by the Company meeting the criteria for such charter pursuant to Section 2.1 is subject to the relevant charterer agreeing to enter into such charter with the Company’s subsidiary owning such Dry Bulk Vessel, failing which the relevant charter shall remain available to the relevant Dry Bulk Vessel so owned or managed by KK and no offer under Section 2.1 shall be made.

  • SECTION 4.1 In the event AK acquires or intends to acquire any ownership interest in a Dry Bulk Vessel or in a Dry Bulk Vessel Business that would be a Competitive Activity (any of the foregoing, a “Dry Bulk Vessel Opportunity”), AK shall comply, at his option, with the procedures set forth in Section 4.2 or Section 4.3 (as applicable).

  • SECTION 3.1 During the Restricted Period, KK shall not, subject to Section 3.2, directly or indirectly, engage in (a) the ownership of any interest in any Dry Bulk Vessel or (b) the ownership of any interest in any Dry Bulk Vessel Business (together, (a) and (b) are defined as the “Competitive Activities”).

  • SECTION 3.1 During the Restricted Period, AK shall not, subject to Section 3.2, directly or indirectly, engage in (a) the ownership of any interest in any Dry Bulk Vessel or (b) the ownership of any interest in any Dry Bulk Vessel Business (together, (a) and (b) are defined as the “Competitive Activities”).

  • SECTION 4.1 In the event KK acquires or intends to acquire any ownership interest in a Dry Bulk Vessel or in a Dry Bulk Vessel Business that would be a Competitive Activity (any of the foregoing, a “Dry Bulk Vessel Opportunity”), KK shall comply, at his option, with the procedures set forth in Section 4.2 or Section 4.3 (as applicable).