Freights definition

Freights means all presently existing and hereafter arising (i) freights, hire and other monies earned and to be earned, due or to become due, or paid or payable to, or for the account of, Borrower, of whatsoever nature, arising out of or as a result of the ownership and operation by Borrower or its agents of the Vessels, (ii) all monies and claims for moneys due and to become due to Borrower and all claims for damages arising out of the breach of any and all present and future charter parties, bills of lading, contracts and other engagements of affreightment or for the carriage or transportation of cargo, mail and/or passengers, and operations of every kind whatsoever of the Vessels and in and to any and all claims and causes of action for money, loss or damages that may accrue or belong to Borrower, its successors and assigns, arising out of or in any way connected with the present or future use, operation or management of the Vessels or arising out of or in any way connected with any and all present and further requisitions, charter parties, bills of lading, contracts and other engagements of affreightment or the carriage or transportation of cargo, mail and/or passengers, and other operations of the Vessels, (iii) all monies and claims for monies due and to become due to Borrower, and all claims for damages in respect of the actual or constructive total loss of or requisition of use of or title to the Vessels, and (iv) any proceeds of the foregoing. Notwithstanding anything to the contrary herein, and so long as no Event of Default has occurred and is continuing, any gaming or other revenue generated in the normal and customary operation of the Vessels may be retained and used by Borrower for general working capital purposes.
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Freights shall have the meaning set forth in Section 4.1(b).
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Examples of Freights in a sentence

  • The Parties enter into this Settlement Agreement to settle disputed claims between them as set forth herein and in the Notice concerning Harbor Freight's compliance with Proposition 65.

  • The intention of the parties with the use of PTS is to generate growth and additional job opportunities for bargaining unit personnel by enhancing YRC Freight's ability to compete in the marketplace.

  • Allseas shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving freights and other amounts under the Sub-COA, and for the purpose of receiving from Mid-Ship Group LLC freights and other amounts paid by Noranda Alumina LLC, its successors and assigns under the COA (the “Bulk Discovery Freights Account”).

  • Under these legal principles, Harbor Freight shall reimburse Initiative's counsel for fees and costs, incurred as a result of investigating and bringing this matter to Harbor Freight's attention.

  • Upon the occurrence and during the continuance of an Event of Default, the Agent shall be entitled (but not obliged) from time to time to debit the Earnings Accounts and/or the Freights Account without prior notice in order to discharge any amount due and payable under Clause 21 or 22 to a Creditor Party or payment of which any Creditor Party has become entitled to demand under Clause 21 or 22.

  • Copies of any mandates or other documents required in connection with the opening or operation of each of the Earnings Accounts and the Freights Account, each certified as of a date reasonably near the date of the Drawdown Notice by a director, an officer, an authorized person or an attorney-in-fact of the Borrowers as being a true and correct copy thereof.

  • Allseas shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving freights and other amounts under the Sub-COA with respect to the Vessel, and for the purpose of receiving from Mid-Ship Group LLC freights and other amounts paid by Noranda Alumina LLC, its successors and assigns under the COA (the “Bulk Cajun Freights Account”).

  • Freights moving by rail, water, and air are also explicitly modeled with freight mode choice models in some statewide modeling applications.

  • Collaterally assign to Lender pursuant to (x) a General Assignment of Freights covering all freights, hires and earnings respecting the applicable Vessel and (y) a Collateral Assignment of each lease, charter or other agreement or arrangement for the use of any Vessel which is, in each case, for a duration of more than one (1) year.

  • Under these legal principles, Harbor Freight shall reimburse Ecological's counsel for fees and costs, incurred as a result of investigating and bringing this matter to Harbor Freight's attention.

Related to Freights

  • Freight means the remuneration payable to the carrier for the carriage of goods under a contract of carriage.

  • Freight Forwarder means that term as defined in 49 USC 13102.

  • Dock means a fixed or floating structure extending from land out over water, including access walkways, terminal platforms, catwalks, mooring pilings, lifts, davits, and other associated water-dependent structures, used for mooring and accessing vessels.

  • Demurrage as herein used means all charges associated with the disposition of Crude Oil, including all damages borne or incurred by Carrier as a result of such disposition.

  • Ships means, together, Ship A and Ship B and, in the singular, means either of them;