Free Maverick definition

Free Maverick means the vessel previously named “Xxxx Xxxxx” and currently named free maverick registered under the flag of Liberia with IMO number 9157416.
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Free Maverick means the vessel previously named “Vxxx Xxxxx” and currently named free maverick registered under the flag of Liberia with IMO number 9157416; Opt Out Event means the occurrence of one or more of the following events:
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Free Maverick. (the “Vessel”) registered in the Liberian Ship Register under official number 13999.
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Examples of Free Maverick in a sentence

  • As a result of the court approval, Crede released $10,500 to Deutsche Bank, presently held in escrow, and Deutsche Bank, upon receipt of the funds, has, in accordance with the Settlement Agreement, forgiven the remaining outstanding indebtedness and overdue interest owed by the Company approximately $19,500 in total as well as released all collateral associated with the loan, including the lifting of the mortgages over the M/V Free Maverick and the M/V Free Knight.

  • During the nine months ended September 30, 2008, the Company acquired the M/Vs Free Knight, Free Impala, Free Lady and Free Maverick for a total purchase cost of $182,539.

  • Since then, the M/V Free Maverick is idle pending resolution in connection with creditors.

  • On November 1, 2011, according to the terms of the loan agreement, the Company shall pay towards Deutsche Bank Nederland facility in relation to M/V Free Maverick a success fee calculated on the facility amount then outstanding.

  • The back-log asset relating to the acquisition of the Free Maverick, which was acquired in September 2008, was fully amortized during the nine-month period ended September 30, 2009.

  • For the year ended December 31, 2010 and 2009, back-log asset’s amortization expense amounted to $nil and $907, respectively, and is included in voyage revenue, as the recognized asset in accordance with the acquisition of vessel the M/V Free Maverick has been fully amortized during 2009.

  • Vessel acquisitions during the year ended December 31, 2008 During 2008, the Company acquired the M/V Free Knight, M/V Free Impala, M/V Free Lady and M/V Free Maverick for a total purchase cost of $180,733.

  • On November 1, 2011, according to the terms of the loan agreement with Deutsche Bank Nederland, the Company shall pay towards Deutsche Bank Nederland facility in relation to M/V Free Maverick a success fee calculated on the facility amount then outstanding.

  • The $27,000 was drawn on March 18, 2008 to finance a portion of the purchase price of the M/V Free Knight.As of March 31, 2009, the outstanding loan balances under the amended HBU facility amounts to $20,000 for the M/V Free Knight, $29,600 for the M/V Free Maverick and $nil for the M/V Free Destiny.

  • The back-log asset relating to the acquisition of the M/V Free Maverick which was acquired in September 2008 was fully amortized during the year ended December 31, 2009.

Related to Free Maverick

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  • LOCKHEED XXXXXX Procurement Representative means a person authorized by LOCKHEED XXXXXX'x cognizant procurement organization to administer and/or execute this Contract.

  • Native Hawaiian means any individual who is a descendant of the aboriginal people who, prior to 1778, occupied and exercised sovereignty in the area that now constitutes the State of Hawaii.

  • COVID-19 means SARS-CoV-2 or COVID-19, and any evolutions or mutations thereof or related or associated epidemics, pandemic or disease outbreaks.