First Ship definition

First Ship means the first Ship to be sold and delivered to a Buyer;
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First Ship. Mortgage shall mean (A) that certain Ship Mortgage dated February 22, 2002 on the vessel VICKSBURG executed by Australia to Agent on behalf of the Banks pursuant to which Australia mortgaged the VICKSBURG to the Banks to secure its obligations under this Agreement and under the Guaranty, and (B) that certain Ship Mortgage dated of even date herewith on the vessel ATWOOD SOUTHERN CROSS executed by Australia to Agent on ▇▇▇▇lf of the Banks pursuant to which Australia mortgages the ATWOOD SOUTHERN CROSS to the Banks to secure its obligations under this Agreement and its Guaranty."
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First Ship means the Norwegian International flagged 1987 built 77,749 cu.m LPG carrier currently named “B▇▇▇▇ ▇▇▇▇” registered in the name of the Time Charterer with IMO Number 8519966 which is to be purchased by IBIS and registered in its name under the Bahamas flag with the same name;
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Examples of First Ship in a sentence

  • For the purposes of recording this First Ship --------- Mortgage as required by the __________________________________, as amended, the total amount of this Mortgage is (i) ______________________________________ and (ii) interest, Make-Whole Amount, if any, and performance of mortgage covenants.

  • Thirty (30) months after the commercial release of any Microsoft Controlled Video Platform that is Enabled for Wink ("First Ship Date"), Microsoft shall have the option of ending its obligations under Section 2.1.2 and 2.1.3 by providing Wink with six (6) months advanced written notice of such intent.

  • Saxonica will invoice the full Annual Fee on the First Ship Date (defined below), unless a different payment schedule is defined in Schedule A.

  • In addition, the Borrower and Australia shall maintain the following insurance on the Rigs: The Borrower and Australia shall insure, or cause to be insured, the Rigs pursuant to the terms of Article I, Section 15 of the First Naval Mortgage in the case of Borrower, and Clause 7.3 of the First Ship Mortgage in the case of Australia.

  • There is no agreement or understanding to allow or pay any rebate, premium, commission, discount or other benefit or payment (howsoever described) to a Borrower, an Approved Charterer, the seller under the First Ship A MOA, the Seller A or the Builder or any third party in connection with the purchase by Borrower A of Ship A at the Purchase Price of the chartering of a Ship other than as disclosed to the Agent in writing on or prior to the date of this Agreement.

  • Any and all notices to be given to the Issuer shall be deemed to have been duly given if personally delivered or sent by mail or cable, telex or facsimile transmission confirmed by letter, addressed to First Ship Lease Trust, c/o FSL Trust Management Pte.

  • Phase 2 Upon the First Ship Transfer Date (which is expected to occur around 3 months after the consummation of the merger), the following events will occur (this is illustrated by diagram 3 in Schedule 2): · Euronav NV will become the owner of the First Ship and will become the borrower in relation to the Vessel Loan relating to the First Ship; · Euronav NV will provide a parent guarantee in relation to the entirety of the Loan (the existing Parent Guarantee from Gener8 Maritime, Inc.

  • The “First Ship Date” is defined as the date the Application (containing Saxon) is first delivered to Licensee's customers in an invoicable form, which date shall be notified by Licensee to Saxonica in advance, or the date identified in Schedule A as the Expected First Ship Date, whichever is earlier.

  • Connector Housings Location Change No Feature Change No Customer Impact Last Order Date (Obsolete Parts Only): First Ship Date of Changed Items (Changed Parts Only): 19-JUL-2024 Last Ship Date of Changed Items (Obsolete Parts Only): Last Date for Mixed Shipments: (Changed Parts Only): No Mixed Shipments ▇-▇▇▇▇▇▇-▇ NO TYC7-968973-1 ▇-▇▇▇▇▇▇-▇ NO TYC8-968972-1 ▇-▇▇▇▇▇▇-▇ NO TYC8-968973-1 Customer: TTI, Inc.

  • There is no agreement or understanding to allow or pay any rebate, premium, commission, discount or other benefit or payment (howsoever described) to a Borrower, an Approved Charterer, the seller under the First Ship A MOA, the Seller A or the Builder or any third party in connection with the purchase by a Borrower of a Ship at the relevant Purchase Price of the chartering of a Ship other than as disclosed to the Agent in writing on or prior to the date of this Agreement.


More Definitions of First Ship

First Ship means the Ship which is first in time to be delivered;
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Related to First Ship

  • Existing ship means a ship which is not a new ship.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;