FLEX LNG definition
Examples of FLEX LNG in a sentence
Any maritime lien or other lien, arrest, distress or similar charge is levied upon or against any Collateral Vessel and, within ten (10) Business Days after any Obligor became aware of the same: CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.
The Obligors may at any time during the first twenty-four (24) months after the first Drawdown Date, by giving no less than 60 days' prior written notice to the Facility Agent, request the Lenders (in their sole discretion) to consider to increase the amount of a Tranche and consequently the Facility Amount, subject to the following: CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.
FLEX LNG RAINBOW LIMITED as Charterer By .........................................................
Each Collateral Vessel will from the applicable Drawdown Date be: CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.
If any part of the Sharing Payment received or recovered by a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then: CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.
Any Obligor does not pay on the due date any amount payable pursuant to a Finance Document at the place and in the currency in which it is expressed to be payable unless: (a) its failure to pay is caused by: (i) an administrative or technical error; or (ii) a Disruption Event; and CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.
Except with the prior written consent of the Facility Agent: (a) the Borrowers shall not engage in any other business than that immediately related to the owning, financing, chartering and operation of the Collateral Vessels; and CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.
Upon change of an employee from one position to another which includes a change the representing Union, the City will immediately discontinue dues payment to the former representing Union.
On and at any time after the occurrence of an Event of Default which is continuing the Lender may, by notice to the Borrower: (a) cancel the Commitment whereupon it shall immediately be cancelled; CONFIDENTIAL TREATMENT REQUESTED BY FLEX LNG LTD.