Examples of Vessel Delivery Date in a sentence
It is acknowledged and agreed that the Basic Hire, EBO Prices and Stipulated Loss Values established on the Vessel Delivery Date pursuant to Clause 45(b) above are subject to further adjustment in accordance with Section 1.5(c) of the Agreement to Acquire and Charter.
The Owner acknowledges that such fuel, diesel oil, lubricating oil and stores as may be on board the Vessel at the time of delivery thereof to the Charterer on the Vessel Delivery Date will be the property of the Charterer.
Notwithstanding any other provisions of this Clause 34, the Owner represents and warrants that on the Vessel Delivery Date it is a Documentation Citizen and that there are no Owner Liens on the Vessel.
The Charterer agrees to deliver to the Owner within thirty (30) days after the Vessel Delivery Date a list of major spare parts for the Vessel delivered by the Owner to the Charterer with the Vessel.
Upon acceptance of the Vessel by SFL Holdings under the MOA on the Vessel Delivery Date, SFL Holdings will immediately transfer all of its right, title and interest in the Vessel to the Owner and the Owner will purchase SFL Holding’s right, title and interest in the Vessel at the Adjusted Average Purchase Price thereof.
Such Basic Hire shall be payable in equal quarterly installments in advance commencing on the Payment Date corresponding to the Vessel Delivery Date as set forth in Schedule 2 attached hereto.
All notices, permits, licenses, disclosures or similar authorizations, if any, required to be obtained or filed pursuant to Environmental Law (as defined in the Charters) in connection with the operation and management of the Vessels have been obtained or filed and are valid as of the relevant Vessel Delivery Date except where the failure to obtain such authorization will not have a Material Adverse Effect on HLL, have a Material Adverse Effect on the Vessels, or expose an Owner to any material liability.
Prior to the relevant Vessel Delivery Date, the vessel VOC ORCHID will be subject to a statutory mortgage and deed of covenants in favor of Danmarks Skibskreditfond, Nordea Bank Danmark A/S and Nordea Bank Finland plc.
On the last Business Day of each calendar month occurring prior to the consummation of the eighth Vessel Acquisition, the Borrower shall provide written notice (such notice, a “Vessel Delivery Date Notice”) to the Administrative Agent of the expected date of each Vessel Acquisition yet to occur, which notice shall contain an explanation with reasonable detail of any changes from the last Vessel Delivery Date Notice delivered hereunder.
On the relevant Vessel Delivery Date, each Transferor shall cause to be delivered to Acquiror originals, or if originals are not available, photocopies, of all classification records, engine logs, surveys and warranties, if any, relating to such Transferor’s Transferor Vessel.