Pool Key definition

Pool Key means the agreed figure which expresses the relative theoretical earning capacity of each Tanker on a time charter basis, such theoretical earning capacity to be based solely upon the year of built, cargo carrying capacity, pumping capabilities, speed and bunker consumption of the Tanker as warranted herein.
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Examples of Pool Key in a sentence

  • North Beach Resort & Villas Wristbands: $10.00 each Key Cards: $30.00 each Hard Keys: $10.00 each Pool Key Cards: Bungalows $100 / Royale Palms $200 NONSMOKING UNIT Smoking is strictly prohibited, including on balconies and patios.

  • Each Participant submitting a New Vessel to the Pool shall notify (the “New Vessel Notice”) each other Party with a minimum time limit of 15 working days before the New Vessel is submitted to this Pool, of its main characteristics relevant for evaluating the New Vessel’s Pool Key and shall include a description with the warranted speed and bunker consumption.

  • In such instance, each Participant warrants that such New Vessel will, in all relevant respects, be comparable to the Tankers and justify allocation of a Pool Key of one (1).

  • The Resident will be provided apartment key(s), 1 mailbox key, and 1 Pool Key for public areas.

  • Tanker Gross Revenue distribution amount for a Tanker = Distribution Factor x Tanker Gross Revenue for the period where: Distribution Factor = (Pool Key for such Tanker x TIS) and where: TIS = Time in service (calendar days reduced by off-hire) for such Tanker for the period TTT = Aggregate of Total Time in service of all Tankers in the Pool for the period and where: Tanker Gross Revenue shall be determined according to the formula set out in Schedule C.

  • Until the decision by the Evaluator is available, the New Vessel may be submitted to the Pool, applying a temporary Pool Key of one (1), which Pool Key to be retrospectively adjusted from such New Vessel’s entry into the Pool, to date of allocation of the appropriate Pool Key by the Evaluator.

  • Pool Expense amount for a Tanker = Expense Factor x Pool Expenses for the period where: Expense Factor = (Pool Key for such Tanker x TIS) and where: TIS = Time in service (calendar days reduced by off-hire) for such Tanker for the period TTT = Aggregate of Total Time in service of all Tankers in the Pool for the period and where: Pool Expenses shall be determined according to the formula set out in Schedule E.

  • Any Participant may request a review of a Pool Key, in which case TCL shall produce the data in reasonable detail regarding the performance of all the Tankers (the “Pool Key Data”) during the six months and on this basis recommend a Pool Key for the Tanker or Tankers at issue.

  • In the event that an agreement has not been reached within another sixty (60) days after the Pool Key Data has been dispatched, the independent specialist shipbroker or maritime consultant shall be appointed by the President of the LMAA.

  • The costs of the Evaluator shall be borne by the Party requesting the Evaluator’s decision if the Pool Key is deemed to be one (1), otherwise by the Participant submitting the New Vessel.

Related to Pool Key

  • Pool 3 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 3.

  • Pool 2 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 2.

  • Asset Pool Supplement means the Second Amended and Restated Asset Pool One Supplement to the Indenture, dated as of December 19, 2007, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent.

  • Pool 1 The aggregate of the Mortgage Loans identified on the Mortgage Loan Schedule as being included in Pool 1.

  • Asset Pool 1 Supplement means the Asset Pool 1 Supplement dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time.