Vessel Acquisition means the acquisition by the Issuer or any Restricted Subsidiary, in one transaction or a series of related transactions, of one or more lift boats, jackup rigs, submersible rigs, semi-submersible rigs, barge rigs, drill ships or other maritime drilling rigs (whether new construction or otherwise) from a Person (other than a Restricted Subsidiary); provided that the aggregate consideration for such acquisition is $25.0 million or more.

Vessel Acquisition means the acquisition of each of the Vessels.

Vessel Acquisition or “acquisition” means the proposed acquisition of 13 vessels, including 11 product tankers and two chemical tankers, plus options to purchase two additional product tankers, under the terms and conditions of the Acquisition Agreement.

Examples of Vessel Acquisition in a sentence

On the Closing Date, the Buyer shall pay to the Seller (to such account as the Seller shall nominate) the amount of US Dollars 33,500,000 (the “Purchase Price”) in exchange for the Shares, less any amounts paid as a deposit for the Shares under that certain Master Vessel Acquisition Agreement between the Buyer and Seller, dated as of July 24, 2014.
At the time of consummation of each Vessel Acquisition, all necessary material consents and approvals of, and filings and registrations with, and all other actions in respect of, all governmental agencies, authorities or instrumentalities required in order to make or consummate such Vessel Acquisition will have been obtained, given, filed or taken and are or will be in full force and effect (or effective judicial relief with respect thereto has been obtained).
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As part of Vessel Acquisition the Company acquired three newbuildings through acquisition of shares of three special purpose companies ("SPCs") with shipbuilding contracts (Golden Spray, Golden Fast and Golden Furious).
Subsequent events In August 2021, the Company signed a sale-and-leaseback agreement in an amount of up to $260.0 million (depending on fleet valuations) with a leading Chinese leasing company for twelve vessels acquired as part of Vessel Acquisition to part refinance the Sterna Finance facility.

More Definitions of Vessel Acquisition

Vessel Acquisition means the acquisition by the Borrower or any Subsidiary of the Borrower, in one transaction or a series of related transactions, of one or more Vessels (whether new construction or otherwise, and whether directly or by acquiring equity interests of a Person that owns such Vessel(s)) and any related assets from a Person (other than a Subsidiary of the Borrower); provided that the aggregate consideration for such acquisition is $50,000,000 or more.

Vessel Acquisition means the acquisition by Trico Subsea of any of the Construction Vessels pursuant to the Vessel Acquisition Agreements.

Vessel Acquisition or “acquisition” means the proposed acquisition by Seanergy Buyer or its nominated wholly owned subsidiaries of six dry bulk carriers, including a newly built vessel and one vessel currently under construction, under the terms and conditions of the Master Agreement and the several MOAs, each dated May 20, 2008 (as amended from time to time).

Vessel Acquisition means the acquisition of any Additional Vessel.

Vessel Acquisition or “acquisition” means the proposed acquisition of four dry bulk carriers under the terms and conditions of the several MOAs, each dated as of August 20, 2008 and amended on September 5, 2008.

Vessel Acquisition means, in each case, the acquisition by the Borrower or any Subsidiary Guarantor of any one or more of the vessels listed on Part A of Schedule III.