Vessel Transfer definition

Vessel Transfer means the transfer of the ownership of the Vessel by "Xxxxxxxx Steamship to LCI Shipholdings and the reflagging of the Vessel in the Republic of the Xxxxxxxx Islands;
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Vessel Transfer has the meaning set forth in Section 7.07.
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Vessel Transfer means any transaction or group of related transactions as a result of which possession, use or control of any vessel subject to the Subcharter Agreement or any Chartered Vessel Bareboat Charter will be directly or indirectly subjected to a Transfer to any Person who immediately prior to such transaction was a Person other than New Member or any other Guarantor; and such vessel shall be a “Transferred Vessel”. A Vessel Transfer shall include, without limitation, (x) an assignment of the Subcharter Agreement (respecting the vessel(s) that are the subject of such assignment) or any Chartered Vessel Bareboat Charter, (y) any merger, consolidation, sale of Capital Stock or other transaction of any Guarantor as a result of which New Member and/or one or more of the Guarantors ceases to hold a majority of the Capital Stock of such Guarantor or the surviving entity of such merger or consolidation, sale of Capital Stock or other transaction, and (z) any sub-bareboat or sub-demise charter of a vessel subject to the Subcharter Agreement or any Chartered Vessel Bareboat Charter (whether or not in accordance with the terms of a Chartered Vessel Bareboat Charter or the Subcharter Agreement); provided, however, that a Vessel Transfer shall not include (a) a time charter on customary market terms or (b) transfer of any vessel subject to a Chartered Vessel Bareboat Charter or the Subcharter Agreement pursuant to a Voluntary Intermodal Sealift Agreement (RFP-N00033-02-R-5700, as amended, or any successor thereto).
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Examples of Vessel Transfer in a sentence

  • Section 201 of the Naval Vessel Transfer Act of 2013 (P.L. 113-276) added Section 36(i) to the AECA.

  • If the Hearing Of- ficer determines that there is insuffi- cient evidence to proceed, or that there is any other reason which would make penalty action inappropriate, the Hear- ing Officer shall return the case to the Vessel Transfer Officer with a written statement of the reason.

  • The Vessel Transfer Officer may close the case or investigate the matter further.

  • A dismissal is without preju- dice to the Vessel Transfer Officer’s right to refile the case if additional evidence is obtained.

  • The request marked the first time that Congress has invoked an authority it added to the Arms Export Control Act in December 2014 through an amendment included in the Naval Vessel Transfer Act of 2013 (P.L. 113-276).

  • Vessel Transfer Costs will apply to the evaluation price of this solicitation.

  • Whenever written ap- proval of the Maritime Administrator is required for transfers to Noncitizens or to foreign registry or Operation Under Authority of a Foreign Country, or pursuant to a Maritime Administra- tion contract or Order, an application on Maritime Administration Form MA–29 or MA–29B giving full particu- lars of the proposed transaction shall be filed with the Vessel Transfer Offi- cer.(b) Fees.

  • In- formation concerning current restric- tions may be obtained from the Vessel Transfer Officer.(b) Bo aters corporations.

  • In- formation concerning current restric- tions may be obtained from the Vessel Transfer Officer.(b) Bowaters corporations.

  • TIONS.—Section 201(c) of the Naval Vessel Transfer Act of 2008 (22 U.S.C. 2776 note) is amended by adding at the end the following: ‘‘(3) BIENNIAL UPDATES.—Two years after the date on which each quadrennial report is transmitted to Congress, the President shall— ‘‘(A) reevaluate the assessment required under subsection (a); and ‘‘(B) inform and consult with the appro- priate congressional committees on the re- sults of the reevaluation conducted pursuant to subparagraph (A).’’.

Related to Vessel Transfer

  • Lateral transfer or "transfer" - refers to the movement of an employee from one position to another which does not constitute a demotion or promotion;

  • Initial Transfer Date means the Series Issuance Date for the first Series of Transition Bonds.

  • Servicing Transfer Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

  • Data Transfer means the copying or transmission of electronic information that does not alter the content, context, or structure of a record from 1 medium to another medium.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • Delivery sale means any sale of a vapor product to a

  • Deed of Transfer means the notarial instrument of transfer of the Shares (as relevant), substantially in the forms set forth in Schedule E.

  • Asset Transfer means a sale, lease, exclusive license or other disposition of all or substantially all of the assets of the Company.

  • Relevant Transfer means a transfer of employment to which the Employment Regulations applies;

  • Certificate of Amalgamation means the certificate of amalgamation to be issued by the Director in respect of the Amalgamation;

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • 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;

  • Type II transfer means that phrase as defined under Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Pass-Through Transfer The sale or transfer of some or all of the Mortgage Loans to a trust to be formed as part of a publicly-issued and/or privately placed, rated or unrated, mortgage pass-through transaction, retaining the Company as "servicer" (with or without a master servicer) thereunder.

  • Delivery Instructions means the instructions set out in the Contract for the provision of the Goods and Services, including any other information the Authority considers appropriate to the provision of the Goods and Services.

  • Supplemental Transfer Date For any Supplemental Transfer Agreement, the date the related Supplemental Mortgage Loans are transferred to the Trust Fund pursuant to the related Supplemental Transfer Agreement.

  • Total Transfer Capability or “TTC” shall mean the amount of electric power that can be moved or transferred reliably from one area to another area of the interconnected Transmission Systems by way of all transmission lines (or paths) between those areas under specified system conditions.

  • Underlying Transfer Agent means State Street Bank and Trust Company or such other organization which may from time to time be appointed by the Fund to act as a transfer agent for the Underlying Portfolios and with respect to which the Custodian is provided with Proper Instructions.

  • Signaling Transfer Point (“STP”) means a signaling point that performs message routing functions and provides information for the routing of messages between signaling points within or between CCIS networks. An STP transmits, receives and processes CCIS messages.

  • Delivery vessel means tank trucks or trailers equipped with a storage tank and used for the transport of gasoline from sources of supply to stationary tanks of gasoline dispensing facilities.

  • Transfer facility means any transportation related facility including loading docks, parking areas, storage areas and other similar areas where shipments of hazardous waste are held during the normal course of transportation.

  • Bill xx Sale means a bill xx sale substantially in the form attached hereto as Exhibit B.

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Whole Loan Transfer Any sale or transfer of some or all of the Mortgage Loans, other than a Securitization Transaction.