Passenger Private Yacht Restricted Charter (PPYRC definition

Passenger Private Yacht Restricted Charter (PPYRC means a Passenger Private Yacht restricted to charters for not more than 84 days per calendar year and:.1 has a minimum load line length of 18 metres; and.2 is restricted to operating in forecast or actual wind of a maximum Beaufort Force 4 for a motor yacht or Beaufort Force 6 for a sailing yacht; and.3 remains within 60 nautical miles of a safe haven** the BMA may permit operation on specified routes up to 90 nautical miles

Related to Passenger Private Yacht Restricted Charter (PPYRC

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  • securitisation special purpose entity or ‘SSPE’ means a corporation trust or other entity, other than an institution, organised for carrying out a securitisation or securitisations, the activities of which are limited to those appropriate to accom­ plishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator institution, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction;

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Adult motel means a hotel, motel or similar commercial establishment which:

  • Public-private partnership means an arrangement or agreement, occurring on or after January 1, 2017, between a procurement unit and one or more contractors to provide for a public need through the development or operation of a project in which the contractor or

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Private Cloud System (PCS) A cloud infrastructure provisioned for exclusive use by a single organization comprising multiple consumers (e.g., business units). It may be owned, managed, and operated by the Requester, a third party, or some combination of them, and it may exist on or off premises.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Subsidiary pursuant to which the Borrower or such Subsidiary may sell, convey, assign or otherwise transfer (or purport to sell, convey, assign or otherwise transfer) Securitization Assets (which may include a grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person.

  • Non-transient non-community water system means a public water system that is not a community water system and that regularly serves at least 25 of the same persons over 6 months per year.

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

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  • Private Placement Agreement has the meaning set forth in Annex A hereto.

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  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

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