Vessel Acquisitions definition

Vessel Acquisitions means the acquisition by the Company of Principal Maritime Tankers Corporation’s fleet of up to 12 Suezmax vessels. Each such vessel shall be acquired pursuant to the terms of a separate Vessel Acquisition MOA.
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Examples of Vessel Acquisitions in a sentence

  • Additionally, there shall not exist any judgment, order, injunction or other restraint prohibiting or imposing materially adverse conditions upon such Vessel Acquisition(s) or the other transactions contemplated by this Agreement.

  • At the time of the consummation thereof, all actions taken by the Borrower pursuant to or in furtherance of the Vessel Acquisitions have been taken in all material respects in compliance with the respective Vessel Acquisition Documents and all applicable laws.

  • At the time of the consummation thereof, all actions taken by the Borrower pursuant to or in furtherance of the Vessel Acquisitions have been taken in all material respects in compliance with the respective Vessel Acquisition Agreements and all applicable laws.

  • There are no actions, suits or proceedings pending or, to the knowledge of Holdings or the Borrowers, threatened (A) with respect to the (i) Vessel Acquisitions, (ii) any Mortgaged Vessel or (iii) any Document, or (B) that could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect.

  • The Company shall disclose on Commission Form 6-K, within four Business Days of the date of this Agreement, the transactions contemplated by this Agreement or referred to herein (including the Teekay Corporation Investment and the Vessel Acquisitions).

  • The name (after giving effect to the Vessel Acquisitions in the case of the Construction Vessels), registered owner, official number, and jurisdiction of registration and flag of each Mortgaged Vessel (after giving effect to such Vessel Acquisition) are set forth on Schedule III.

  • On each Borrowing Date, no actions, suits, investigations or proceedings of any Credit Party by any entity (private or governmental) shall be pending or, to the knowledge of any Credit Party, threatened with respect to (i) the Vessel Acquisition(s) being consummated on such date, (ii) any Top Glory Vessels, (iii) any Document, or (iv) which the Administrative Agent shall determine could be reasonably to have a Material Adverse Effect.

  • Each Purchaser agrees not to disclose information about this Agreement or the transactions contemplated hereby or referred to herein (including the Teekay Corporation Investment and the Vessel Acquisitions) until and to the extent the Company publicly discloses such information.

  • No approval from the holders of outstanding Class A Common Stock or Class B Common Stock is required (including, without limitation, under the Company’s Amended and Restated Articles of Incorporation or Bylaws or the rules of the NYSE) in connection with the Company’s issuance and sale of the Purchased Shares to the Purchasers or the Teekay Corporation Investment or the Vessel Acquisitions.

  • At the time of the consummation thereof, all actions taken by Holdings pursuant to or in furtherance of the Vessel Acquisitions have been taken in all material respects in compliance with the respective Vessel Acquisition Agreements and all applicable laws.