Pool Agreement definition

Pool Agreement means, in relation to a Ship, any pool agreement which that Ship is a party to subject to the prior written approval of the Facility Agent acting with the authorisation of the Majority Lenders, provided the pool agreements for the Ships entered into the Ardmore MR Pool are approved.

Pool Agreement means the Pool Agreement, dated as of January 3, 2002, and amended and restated on April 1, 2002, by and among Oglebay Marine Services, American Steamship Company and United Shipping Alliance, LLC.

Pool Agreement means a pooling arrangement pursuant to a pool management agreement or similar agreement.

Examples of Pool Agreement in a sentence

• Each Pool Bank Account (as defined in each relevant Pool Agreement) is a Collection Account.

• The Borrower shall not create or permit to subsist any Security over any of its Security Assets or any of its other assets in connection with the Pools (including any Contract and any Pool Agreement).

• The Borrower shall ensure that each Pool Bank Account (as defined in each relevant Pool Agreement) is a Collection Account.

• There are no claims, liabilities or obligations in existence between the Borrower and a counterparty relating to any Pool Agreement or any other person that are or might reasonably be expected to be materially detrimental to the rights of any Secured Party under that Pool Agreement or the Finance Documents.

• No party to a Pool Agreement is in breach of any payment, delivery or other material obligation thereunder or has repudiated or done or caused to be done any act or thing evidencing an intention to repudiate that Pool Agreement.

More Definitions of Pool Agreement

Pool Agreement means each of Pool Agreement A and Pool Agreement B.

Pool Agreement means the pool agreement entered or to be entered into in relation to the pool managed by Xxxxxx Ltd. which each of the Borrowers is or will be a participant.

Pool Agreement means the agreement in which the governing articles of the pool are set forth.

Pool Agreement means the accession agreement no. 33 for the pool employment of the Vessel in the Tankers International Pool dated 23 February 2011 made between the Borrower and the Pool Manager together with the Rules of the Tankers International Pool attached thereto.

Pool Agreement means, for the purposes of this regulation, the agreement in which the governing articles of the pool are set forth.

Pool Agreement means the pool agreement dated 1 December 2003 and made between (i) Gemini Tankers L.L.C. and (ii) the Participants (as defined therein), as amended and supplemented from time to time as described in the Disclosure Schedule, in respect of the Gemini Pool and the entry of the m.v. “Iskmati Spirit” in the pool by Teekay Chartering as a Participant, which entry will continue after the Interests have been sold with Teekay Chartering acting as sub-contractor of the Manager under the Management Agreement.

Pool Agreement means any Contract to which the Company or any of its Subsidiaries is a party relating in any manner to an Insurance Pool.