Pre-Delivery Period definition

Pre-Delivery Period means the period commencing from the date of this Agreement up to the Actual Delivery Date and acceptance of the Vessel by the Buyers.

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Pre-Delivery Period means the period from and including the Execution Date up to and including the Delivery Date.

Examples of Pre-Delivery Period in a sentence

In addition to the undertakings made by the Sellers (as charterers) under the Charter, the Sellers hereby undertake to the Buyers that they will comply in full and procure compliance (where applicable) with the following undertakings throughout the Pre-Delivery Period.
The Sellers shall procure that the Charter Guarantor will throughout the Pre-Delivery Period maintain its listing as a publically listed entity on the New York Stock Exchange or any other recognised stock exchange acceptable to the Buyers.
The Sellers hereby undertake to the Buyers that they will comply in full and procure compliance (where applicable) with the following undertakings throughout the Pre-Delivery Period.
During the Pre-Delivery Period in respect of a Vessel, interest and, in respect of a Tranche A Loan, Exposure Fee shall accrue on the basis set out in Clause 7.1 above and shall, on the last day of each Term during the Pre-Delivery Period, be capitalised and added to the principal amount of the Loan outstanding.
During the Pre-Delivery Period in respect of a Vessel, interest and the Exposure Fee shall accrue on the basis set out in Clause 7.1 above and shall, on the last day of each Term during the Pre-Delivery Period, be capitalised and added to the principal amount of the Loan outstanding.

More Definitions of Pre-Delivery Period

Pre-Delivery Period means, in relation to a Tranche, the period starting on Drawdown Date of the first Contract Instalment Advance of such Tranche to be drawn down and ending on the day falling immediately prior to the Drawdown Date of the Delivery Advance of such Tranche;

Pre-Delivery Period means in respect of each Ship the period commencing on the Drawdown Date of the relevant Advance first to occur in respect of that Ship and ending on the Delivery Date of such Ship;

Pre-Delivery Period means the period commencing on the Effective Date and ending on the date of delivery of the Third Additional Ship to Iron Endurance under the Third Additional Ship MOA;

Pre-Delivery Period means the period commencing on the date of this Charter Party and ending on the date that the Vessel is delivered;

Pre-Delivery Period means, in respect of a Vessel, the period from the date of the first Drawing under this Agreement in respect of the Loan relating to that Vessel, to the Delivery Date of that Vessel. Pre-Delivery Tranche A Margin means 0.8 per cent. per annum. Pre-Delivery Tranche B Margin means 1.07 per cent. per annum.

Pre-Delivery Period means in respect of each Vessel the period commencing on the Drawdown Date of the Pre-Delivery Advance drawndown in respect of such Vessel and ending on the Delivery Date of such Vessel; “Proceeds” means the proceeds paid under the terms of the Finance Documents (including but not limited to the proceeds of a sale of a Vessel, the Earnings and the Insurances), the proceeds from the enforcement of any of the Finance Documents, and following an Event of Default any moneys to the credit of the Borrowers or either of them in the Accounts or any of them; “Proportionate Share” means, at any time, the proportion which that Bank’s Commitment (which has been advanced) then bears to the aggregate Commitments of all the Banks (which have been advanced). “Protection and Indemnity Risks” means the usual risks covered by a protection and indemnity association that is a member of the International Group of Protection and Indemnity Associations, including the proportion not otherwise recoverable in case of collision under the ordinary running-down clause; “Purchase Documents” means in respect of each Vessel all documents referred to in Article VIII, Clause 3 of the relevant Shipbuilding Contract which shall be delivered to the relevant Owner by the Builder including without limitation, the Builder’s certificate, the Builder’s invoices, the ▇▇▇▇ of sale, the protocol of delivery and acceptance, the commercial invoices and the class certificates; “Quotation Date” means, in relation to any Interest Period (or any other period for which an interest rate is to be determined under any provision of a Finance Document), the Target Day on which quotations would ordinarily be given by leading banks in the European Interbank Market for deposits in Euros for delivery on the first day of that Interest Period or other period;