Free Destiny definition

Free Destiny means the vessel named free destiny, registered, or to be registered, under the flag of Liberia with IMO number 8128157.
Sample 1
Free Destiny. (the “Vessel”) We confirm that we have effected insurances for the account of ADVENTURE TWO S.A. of Majuro, Mxxxxxxx Islands (the “Assignor”) as set out in Appendix “A” attached. Pursuant to instructions received from the Assignor, and in consideration of your approving our appointment as [Brokers / Underwriters / Insurers] in connection with the insurances covered by this letter, we hereby undertake:
Sample 1
Free Destiny. (the “Vessel”) We note you have taken an assignment by ADVENTURE TWO S.A. of Majuro, Mxxxxxxx Islands (the “Assignor”) of the insurances on the Vessel. So far as this Association is concerned, the Managers do not consent to such assignment for the purposes of Rule , other than to give efficacy to the Loss Payable Clause set out below and subject always to the Association’s rights under Rule . We do confirm however that the Vessel is entered in this Association for Protection and Indemnity risk on the terms and conditions set out or to be set out in the Certificate of Entry. Furthermore, in consideration of your agreeing to the entry or continuing entry of the ship in this Association, the Managers agree that:
Sample 1

Examples of Free Destiny in a sentence

  • The dry docking and special survey costs of $135 and $630, respectively, relate to the special survey and dry-docking of the M/V Free Destiny which was completed in October 2007 and its amortization commenced as of the date of completion.

  • Recitals Adventure Software 3.15(b)(iii) Agreement Preamble BCA 2.1 Certificates 2.6 Closing and Closing Date 2.2 Contracts 3.5(b) DGCL 2.1 Dissenting Shares 2.7 Effective Time 2.2 Employment Agreements 6.12 Enforceability Exception 3.4(a) Environmental Laws 3.8(c) Exchange Act Listing 6.5 Exchange Agent 2.9(a) Final Statements 3.13 Free Destiny 3.9(b)(1) Free Envoy 3.9(b)(2) G Bros Preamble G.

  • Adventure Two S.A. Adventure Three S.A. Adventure Four S.A. Adventure Five S.A. Adventure Six S.A. Adventure Seven S.A. Adventure Eight S.A. The two drybulk carriers that were owned at June 30, 2007, the M/V Free Destiny and the M/V Free Envoy, owned respectively by Adventure Two S.A. and Adventure Three S.A. were purchased by these vessel-owning subsidiaries on August 3, 2004 and September 20, 2004, respectively, from unrelated third parties.

  • Vessel disposed during the year ended December 31, 2010 On July 30, 2010, the Company agreed to sell the M/V Free Destiny, a 1982 built 25,240 dwt Handysize dry bulk vessel for a consideration of $3,213.

  • The decrease of $641 in depreciation expense resulted from the change in our depreciation policy as described below in the “Liquidity and Capital Resources” section, from the classification of M/V Free Hero as “held for sale” in the accompanying consolidated balance sheets for the year ended December 31, 2010 and the sale of M/V Free Destiny on August 27, 2010.

  • Pursuant to the Agreement, Free Bulkers is responsible for all of the day-to-day management of Adventure Two, and the Free Destiny.

  • FreeSeas has revised the disclosure in the table to reflect that the “A” and “B” loans relate to the loans for the M/V Free Destiny and M/V Free Envoy.

  • On November 1, 2010, the Company paid an amount of $2,700 constituting a prepayment towards the Deutsche Bank Nederland loan facility due to the sale of M/V Free Destiny.

  • GAIN ON SALE OF VESSEL— We recognized a gain of $807 on the sale of the M/V Free Destiny, a 1982-built 25,240 dwt Handysize dry bulk vessel, for a price of $3,213.

  • The provisions of clause 15 of the first preferred mortgage over the Marshall Islands motor vessel "Free Destiny" to be granted by the Borrower in favour of the Pledgee (the "Mortgage") shall (mutatis mutandis) apply to this Deed as if it were set out in full with references to this Deed substituted for references to the Mortgage and with references to the Pledgor substituted for references to the Borrower.


More Definitions of Free Destiny

Free Destiny. (the “Vessel”) registered in the Marshal Islands’ Ship Register under official number 2077.
Sample 1
Free Destiny any outstanding balance under Borrower’s — the corresponding overdraft facility I or II will be fully repaid, — the balance will be repaid on the overdraft facility IV. and — any remaining balance will be repaid on the rollover loan. (amendment) — The vessels will be safely operated and maintained and will in any case always be in class (acceptable IACS members) during the loan period. — Borrower will give HBU a time charter agreement with respect to the new vessel for inspection. The contents, a contract of at least 1 year at a rate of at least USD 30,000 a day. must be acceptable to HBU. (new) — Borrower will give HBU the time charter agreements for inspection. The contents thereof must be acceptable to HBU.
Sample 1
Free Destiny the Borrower shall make an additional repayment of USD 2,000,000 without prejudice to the provisions contained in section b. (i) and (ii) of this Article. In this event no compensation as referred to in section b.(iv) of this Article shall be payable by the Borrower.
Sample 1
Free Destiny flying under the Flag and Laws of The Republic of Xxxxxxxx Islands together with the engines, boats, masts, tackle and other appurtenances to her belonging. And the Underwriters are obliged to:
Sample 1
Free Destiny means the vessel named free destiny, registered under the flag of the Xxxxxxxx Islands with IMO number 0000000, call letters V7GD9.
Sample 1

Related to Free Destiny

  • Free look period means the period of time during which a borrower may cancel a guaranteed asset protection waiver without penalty, fees, or costs to the borrower. A free look period must begin on the effective date of the guaranteed asset protection waiver, and the term of a free look period must be at least 30 days.

  • Toll Free Service means service provided with any dialing sequence that invokes Toll Free, i.e., 800-like, service processing. Toll Free Service currently includes calls to the Toll Free Service 800/888/877/866 NPA SAC codes. “Toll VoIP-PSTN Traffic” is VoIP-PSTN Traffic that physically originates and terminates in different Local Calling Areas as determined by the Commission.

  • internet access service means a publicly available electronic communications service that provides access to the internet, and thereby connectivity to virtually all end points of the internet, irrespective of the network technology and terminal equipment used.

  • Broadband Internet access service means a mass-market retail service by wire or radio that provides the capability to transmit data to and receive data from all or substantially all Internet endpoints, including any capabilities that are incidental to and enable the operation of the communications service, but excluding dial-up Internet access service. This term also encompasses any service that the State finds to be providing a functional equivalent of the service described in the previous sentence, or that is used to evade the protections set forth in this section.

  • Black Start Service means the capability of generating units to start without an outside electrical supply or the demonstrated ability of a generating unit with a high operating factor (subject to Transmission Provider concurrence) to automatically remain operating at reduced levels when disconnected from the grid.

  • Access Service means access to a local exchange network for the purpose of enabling a provider to originate or terminate telecommunication services within the local exchange. Except for end-user common line services, access service does not include access service to a person who is not a provider.

  • Switched Exchange Access Service means the offering of transmission or switching cervices to Telecommunications Carriers for the purpose of the origination or termination of telephone toll service. Switched Exchange Access Services include: Feature Group A, Feature Group B, Feature Group D, 800/888 access, and 900 access and their successors or similar Switched Exchange Access Services.