Sub-Time Charter definition

Sub-Time Charter means the sub-time charter between Charterer and Phoenix dated July 1, 2013.
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Sub-Time Charter means, in relation to each of NORDIC ODYSSEY and NORDIC ORION, a sub-time charter party in respect of that Ship in Agreed Form between the Time Charterer as owner and the Sub-Time Charterer as charterer (the terms of which shall include, among other things, a charter period of not less than 5 years, a daily hire rate of not less than $12,000, and that any profit from any employment of the vessel at a rate in excess of $12,000 shall be allocated 75% to the owner of such Ship and 25% to the Time Charterer);
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Sub-Time Charter means, in relation to a Ship, a sub-time charter party in respect of that Ship in Agreed Form between the Time Charterer as owner and the Sub-Time Charterer as charterer, the terms of which shall include, among other things, a charter period of not less than 5 years and a daily hire rate of not less than $15,500;
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Examples of Sub-Time Charter in a sentence

  • There are no outstanding charters, contracts of affreightment, or other rights to possession of or services of the Vessel other than as listed in Schedule 4.9. So long as any Obligations are outstanding hereunder, the Vessel shall remain time chartered under the Time Charter and sub-time chartered under the Sub-Time Charter.

  • The Vessel satisfies, and shall continue to satisfy, the objective requirements for it to be utilized under the Time Charter, the Sub-Time Charter and the ED & F Charter, all of which are in full force and effect.

  • The Time Charter, Sub-Time Charter, ED & F Charter, Technical Management Agreement, and Commercial Management Agreement are in full force and effect, to the knowledge of the Credit Parties no parties thereto are in default thereunder, and no such contracts have been assigned, assumed, amended, supplemented, renewed, restated, replaced, or otherwise modified.

  • Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the ED & F Charter (the "Bulk Liberty Hire Account").

  • Borrower shall have opened a demand deposit account with HSBC Bermuda Bank Limited for the purpose of receiving from the Allseas Cash Deposit Account charter hire generated under the Time Charter, the Sub-Time Charter and the Cargill Charter (the "Bulk Beothuk Hire Account").

  • The Time Charter, Sub-Time Charter, Cargill Charter, Technical Management Agreement, and Commercial Management Agreement are in full force and effect, to the knowledge of the Credit Parties no parties thereto are in default thereunder, and no such contracts have been assigned, assumed, amended, supplemented, renewed, restated, replaced, or otherwise modified.

  • The Vessel satisfies, and shall continue to satisfy, the objective requirements for it to be utilized under the Time Charter, the Sub-Time Charter and the Cargill Charter, all of which are in full force and effect.

  • A copy of each Sub-Time Charter (and all addenda and supplements thereto), other than those delivered in connection with a prior Advance, in form and substance acceptable to the Agent and certified as of a date reasonably near the date of the relevant Drawdown Notice by a director, an officer, an authorized person or an attorney-in-fact of the relevant Borrower as being a true and correct copy thereof.


More Definitions of Sub-Time Charter

Sub-Time Charter means a sub-time charterparty agreement in respect of the Ship made or to be made between the Seller as head charterer and Mitsubishi Corporation as sub-charterer;
Sample 1
Sub-Time Charter means, in relation to each of NORDIC ODYSSEY and NORDIC ORION, a sub-time charter party in respect of that Ship in Agreed Form between ST Shipping as owner and the Nordic Bulk as charterer (the terms of which shall include, among other things, a charter period of not less than 6 years, a daily hire rate of not less than (i) $11,500 (net) during the period commencing on the Drawdown Date of the Advance relating to that Ship until June 2018 and (ii) $11,000 (net) thereafter, and that any profit from any employment of the vessel at a rate in excess of such daily hire rate shall be allocated 75% to the owner of such Ship and 25% to the Time Charterer);
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Related to Sub-Time Charter

  • Time Charter means the hire of a Vessel by which the charterer obtains possession and control of the Vessel for an agreed period of time or an agreed voyage.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • 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.

  • Company Charter means the certificate of incorporation of the Company, as amended.

  • Company Charter Documents means the Company’s certificate of incorporation and bylaws, each as amended to the date of this Agreement.

  • Company Bylaws means the Amended and Restated Bylaws of the Company as in effect on the date hereof.

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • Air charter service means an air carrier operation which requires the customer to

  • Parent Charter means the Amended Certificate of Incorporation of Parent.

  • Charter Assignment means a specific assignment of each Extended Employment Contract required to be executed hereunder by any Borrower in favour of the Security Trustee (including any notices and/or acknowledgements and/or undertakings associated therewith) in such form as the Agent and the Majority Lenders may require in their sole discretion;

  • 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;

  • Charter means the Corporation’s certificate or articles of incorporation, articles of association, or similar organizational document.

  • 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.

  • Charter Documents means, with respect to any entity, the certificate of incorporation, the articles of incorporation, by-laws, articles of organization, limited liability company agreement, partnership agreement, formation agreement, joint venture agreement or other similar organizational documents of such entity (in each case, as amended).

  • Memorandum and Articles of Association means the Memorandum and Articles of Association of the Company, as the same may be amended from time to time.

  • Public charter school means a public school that:

  • Charters means Kitty Hawk Charters, Inc., one of the Debtors.

  • Charter Document means as to any Person, its partnership agreement, certificate of incorporation, certificate of formation, operating agreement, membership agreement or similar constitutive document or agreement or its by-laws.

  • Company Certificate of Incorporation means the certificate of incorporation of the Company.

  • Restated Charter means the Company’s Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time.

  • MOA means the Borrower’s Ministry of Agriculture;

  • Parent Bylaws means the bylaws of Parent, as amended.

  • the Charter means the Charter or Letters Patent under the Great Seal of Ireland bearing date the 10th day of May 1783 and granted by his late Majesty King George the Third;

  • Charter school means an independent public school

  • Documented vessel means a vessel documented under chapter 121, title 46, United States Code or a vessel for which an application for such docu- mentation is pending.

  • 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;