Fleet Vessels definition

Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

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Fleet Vessels means any ship (including the Ships) from time to time wholly owned, leased or chartered in by the Parent Guarantor (directly or indirectly) (excluding vessels under construction and vessels chartered in for period shorter than 24 months) (each a "Fleet Vessel").

Fleet Vessels means any vessel (including the Vessel) from time to time wholly owned by the Guarantor (directly or indirectly) (each a “Fleet Vessel”).

Examples of Fleet Vessels in a sentence

• The Borrowers shall ensure that throughout the Security Period the average unexpired period of all time charterparties or other similar contracts of employment in respect of all the Fleet Vessels is not less than 1 year.

• In addition, for the purpose of testing the Fair Market Value of the Fleet Vessels, the Borrowers shall provide valuations of the Fleet Vessels in June and December of each year during the Facility Period and the most recent of such valuations shall be used to determine the Fair Market Value of the Fleet Vessels.

• We also enclose copies of the valuations of all the Fleet Vessels which were used in calculating the Market Value Adjusted Total Assets of the Group as at [•].

• The Borrower acknowledges and agrees that the Agent may commission valuations of each Ship, or, as the case may be, the Fleet Vessels at such times as the Lender shall reasonably deem necessary and, in any event, not less than once during each 12-month of the Security Period.

• The Borrower will not permit at any time from the Closing Date and until the Credit Facility is cancelled in full or terminated and all Obligations owing thereunder are paid in full, Consolidated Liquidity to be less than the greater of (i) $25,000,000 and (ii) the product of $700,000 multiplied by the number of Fleet Vessels at such time (the “Minimum Liquidity”); provided that not less than 66-2/3% of Minimum Liquidity shall consist of cash at all times.

More Definitions of Fleet Vessels

Fleet Vessels means, together, all of the vessels (including, but not limited to, the Ships) from time to time owned or leased by members of the Borrower’s Group which, at the relevant time, are included within the Total Assets of the Borrower’s Group in the balance sheet of the Applicable Accounts or which would be included within the balance sheet if the Applicable Accounts were required to be prepared at that time and in the singular means any of them;

Fleet Vessels means each Vessel and each other vessel owned by any member of the Group.

Fleet Vessels means any vessel (including the Collateral Vessels) from time to time owned by the Borrower or any of its Subsidiaries.

Fleet Vessels means any vessels owned, or chartered on long-term demise charter to any member of the Group;

Fleet Vessels means any vessel (including the Vessels) from time to time managed by the Guarantor, as they appear in the then most recent financial statements delivered pursuant to Clauses 12.1.1 (Financial statements) and 12.1.3 (Interim financial statements) and "Fleet Vessel" means any one of them.

Fleet Vessels means all of the vessels from time to time wholly owned by the Partnership and its Subsidiaries. “Holder Conversion Notice” has the meaning assigned to such term in Section 5.10(b)(ix)(B).

Fleet Vessels means any or all of them as the context may require;