Vessel Sponsors definition

Vessel Sponsors means, together, HLNG and MOL; and
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Vessel Sponsors means, together, HLNG and MOL; and “Vessel Sponsors’ Undertaking” means the undertaking to be provided by the Vessel Sponsors to the Security Trustee, in agreed form.
Sample 1

Examples of Vessel Sponsors in a sentence

  • Such loan will be repayable 15 years from the date of delivery of the relevant vessel.As a condition precedent to the Facility Agreements, the Vessel Sponsors are required to severally execute and deliver a Vessel Sponsors’ Undertaking in favour of the Security Trustee and the Facility Agent in respect of each construction of the LNG Carriers.Principal terms of the Vessel Sponsors’ Undertakings are summarised below.

  • The Facility Agreement is conditional on the Vessel Sponsors having executed the Vessel Sponsors’ Undertakings (which is carried out through the shareholders’ loan agreements at the level of CESI and the Purchasers referred to below and which represents the Shareholder Funding for the 20% construction cost of the six LNG Carriers described above).

  • Additional Information Appendix 3 Additional Information‌The following section sets out where you can go to get further information about Conservation Areas and Listed Buildings.Ealing Conservation and Urban Design TeamThe Conservation and Urban Design team are based within the Ealing Planning Services Department, at Perceval House, Uxbridge Road, Ealing.

  • As a condition precedent to the Facility Agreements, the Vessel Sponsors are required to severally execute and deliver a Vessel Sponsors’ Undertaking in favour of the Security Trustee and the Facility Agent in respect of each construction of the LNG Carriers.

Related to Vessel Sponsors

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A. a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at Voula Center, Xxxxxxxx Xxxxxx Xxxxxx 000-000, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Approved Manager’s Undertaking means, in relation to each Ship, a letter of undertaking executed by the Approved Manager in favour of the Security Trustee in the Agreed Form agreeing certain matters in relation to the Approved Manager serving as the manager of that Ship and subordinating the rights of the Approved Manager against such Ship and the relevant Borrower to the rights of the Security Trustee under the Finance Documents;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Public vessel ’ means a vessel owned or bareboat chartered and operated by the United States, by a State or political subdivision thereof, or by a foreign nation, except when such vessel is engaged in commerce;

  • Project Sponsor means an eligible governmental agency receiving program funds pursuant to an approved application.

  • existing vessel means a vessel which is not a new vessel;

  • Scheme Manager Means Gloucestershire County Council as administering authority of the Gloucestershire Local Government (LGPS) Pension Fund

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Vessels shall have the meaning set forth in the recitals.

  • co-operative society means a body registered in India under the Co-operative Societies Act, 1912;

  • Holding Entities means the subsidiaries of Brookfield Renewable Energy L.P., from time to time, through which it indirectly holds all of the Partnership’s interests in the Operating Entities.

  • Fleet Vessels means all of the vessels (including, but not limited to, the Ships) from time to time wholly owned by members of the Group (each a “Fleet Vessel”);

  • U.S.-flag vessel means a vessel of the United States or belonging to the United States, including any vessel registered or having national status under the laws of the United States.

  • Foreign flag vessel means any vessel that is not a U.S.-flag vessel.

  • foreign fishing vessel means any fishing vessel other than a local fishing vessel;

  • Permit Holder means the Person to whom a Building Permit has been issued.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • ACCC means the Australian Competition and Consumer Commission.

  • General Manager of Railway means the officer - in-charge of the General Superintendence and Control of the Railway and shall mean and include their successors, of the successor Railway;

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.

  • CCC means Customer Care Centre

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • The Owner/Company/BPCL means the Bharat Petroleum Corporation Limited, incorporated in India having its registered office at 4 & 6, Currimbhoy Road, Ballard Estate, Mumbai - 400 038 or their successors or assigns

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.