Four-Year LNG Carrier definition

Four-Year LNG Carrier means any LNG carrier employed (or to be employed upon completion of construction) under any charter with an initial term of four or more years, not including any extension term, as from the date such LNG carrier commences employment, which date may not be earlier than the date such LNG carrier is delivered for employment under such charter (a "Four-Year Charter"). For purposes of this definition, (i) if a Dynagas Holding Entity, directly or indirectly, acquires or enters into a contract for the construction of any LNG carrier and enters into a Four-Year Charter with respect to such vessel, then such LNG carrier will be a Four-Year LNG carrier as from the date it is delivered for employment under the Four-Year Charter, (ii) if a Dynagas Holding Entity acquires an LNG carrier with a Four-Year Charter attached in any other manner, then such LNG carrier will be a Four-Year LNG Carrier as from the date it is acquired by the Dynagas Holding Entity and (iii) and each Additional Optional Vessel shall be treated as a Four-Year LNG Carrier, as from such time as set forth in the definition of Additional Optional Vessel.
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Related to Four-Year LNG Carrier

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  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

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  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

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