Other Shipbuilding Contract definition

Other Shipbuilding Contract means the turn key building contract between the Builder and the Other Owner dated 17th September, 2007 pursuant to which the Builder agreed to build and deliver the Other Vessel to the Other Owner.
Sample 1Sample 2Sample 3

Examples of Other Shipbuilding Contract in a sentence

  • There has been no amendment to or variations made or agreed with the Builder in respect of the Shipbuilding Contract or the Other Shipbuilding Contract from the date of the Shipbuilding Contract or, as the case may be, the Other Shipbuilding Contract save for those already disclosed in writing to the Facility Agent prior to the date hereof or approved in writing by the Facility Agent (acting on the instructions of the Majority Lenders).

  • It is contemplated that the repayment of the Bond by the Other Owner would be secured by, amongst other things, an assignment by way of security of the Other Owner’s rights under the Other Shipbuilding Contract and, upon delivery of the Other Vessel, a mortgage over the Other Vessel (together, the Security).

  • The Lenders have consented to the Owner permitting the Other Owner to assign its rights under the Other Shipbuilding Contract to the Bondholder Trustee by way of security.

  • Accordingly, we are authorised to confirm that the Owner may permit the Other Owner to assign its rights under the Other Shipbuilding Contract to the Bondholder Trustee by way of security.

  • In considering the requested consent referred to in Clause 2(c) above, the Owner has noted that under the terms of the acknowledgements of the assignments of the Shipbuilding Contract and the Sister Shipbuilding Contract, each dated 8 August 2008, the Builder has also undertaken directly to the Security Trustee not to agree to any amendments to the terms of the Other Shipbuilding Contract without the prior written consent of the Security Trustee.

  • Notwithstanding any consents given in this letter and the Owner to permit the Other Owner to assign its rights under the Other Shipbuilding Contract to the Bondholder Trustee by way of security (including, without limitation, Clause 2(e)), the Sponsor Construction and Post-Delivery Guarantee continues in full force and effect and the Sponsor acknowledges and confirms this by countersigning this letter.

  • Consequently and pursuant to Clause 16.17(b)(iv) of the Credit Agreement, the Owner has requested that the Lenders consent to the Owner permitting the Other Owner to assign its rights under the Other Shipbuilding Contract to the Bondholder Trustee by way of security.

Related to Other Shipbuilding Contract

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Building Contract means a contract entered under Transportation Code, Chapter 223, Subchapter A for the construction or maintenance of a Department building or appurtenant facilities and considered to be a Highway Improvement Contract as defined in Texas Administrative Code, § 9.11.

  • Building Contractor means the building contractor or developer appointed or to be appointed by the Grant Recipient in respect of a Firm Scheme; Business Day means any day other than a Saturday, Sunday or a statutory Bank Holiday in England;

  • Charter contract means a fixed term, renewable contract between a charter school and an authorizer that outlines the roles, powers, responsibilities, and performance expectations for each party to the contract.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Architect's Contract means Lessee's contract with the Project Architect.

  • Construction Contract means the agreement(s) entered into between the Company and the Construction Contractor(s) for the design, engineering, procurement, construction, completion, start-up, testing, and Commissioning of the Facility, and also includes any amendment to such agreement(s) made from time to time;

  • Design-build contract means a single contract with a Design-Build Firm for the design and construction of a public construction project.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Existing ship means a ship which is not a new ship.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Training Contract means a contract or an agreement for a Traineeship made between the Employer and an Employee to whom this Agreement applies, and that is registered with the relevant State or Territory Training Authority.

  • MOA means the Borrower’s Ministry of Agriculture;

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Covered Building Service Contract means a contract or subcontract to provide Building Services to the City of Cambridge or any of its departments or subdivisions.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • cargo ship means any ship which is not a passenger ship;

  • Master subcontracting plan means a subcontracting plan that contains all the required elements of an individual subcontracting plan, except goals, and may be incorporated into individual subcontracting plans, provided the master subcontracting plan has been approved.

  • Existing Contract means a contract that was made before the operative date;

  • ro-ro passenger ship means a passenger ship with ro-ro spaces or special category spaces as defined in regulation II-2/3.

  • New ship means a ship:

  • passenger ship means a ship which carries more than 12 passengers;