Vessel B definition

Vessel B has the meaning given to it in the recitals.

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Vessel B means the capesize bulk carrier of about 170,000 dwt which is being or to be constructed by the Builder with Builder’s Hull No. S1069 for, and purchased by, Rumer under the Vessel B Shipbuilding Contract;

Vessel B means the double-hull single screw diesel engine driven carrier of diesel oil gasoline and other clean and dirty oil products of approximately 2,400 dwt having hull no. N2220000 being constructed by the Builder pursuant to the Shipbuilding Contract B to be acquired by the Borrower B and to be registered on the relevant Delivery Date in its ownership under a flag acceptable to the Creditor Parties under a name approved by the relevant flag authorities;

Examples of Vessel B in a sentence

• The Vessel B Owning Subsidiary will not be indebted, directly or indirectly, to any person who is an officer, director, stockholder or employee of CPLP or any spouse, child, or other relative or any affiliate of any such person, nor shall any such officer, director, stockholder, employee, relative or affiliate be indebted to the Vessel B Owning Subsidiary.

• There are not outstanding (i) any options, warrants or other rights to purchase from the Vessel B Owning Subsidiary any capital stock of such Vessel B Owning Subsidiary, (ii) any securities convertible into or exchangeable for shares of the capital stock of the Vessel B Owning Subsidiary or (iii) any other commitments of any kind for the issuance of additional shares of capital stock or options, warrants or other securities of the Vessel B Owning Subsidiary.

• CPLP has supplied to CMTC true and correct copies of the organizational documents of the Vessel B Owning Subsidiary, as in effect as of the date hereof (the “Organizational Documents B”).

• The Vessel B Owning Subsidiary has filed all foreign, federal, state and local income and franchise tax returns required to be filed, which returns are correct and complete in all material respects, and has timely paid all taxes due from it, and the Vessel B is in good standing with respect to the payment of past and current Taxes, fees and other amounts payable under the laws of the jurisdiction where it is registered as would affect its registry with the ship registry of such jurisdiction.

• CMTC has had the opportunity to conduct to its own satisfaction independent investigation, review and analysis of the business, operations, assets, liabilities, results of operations, financial condition and prospects of the Vessel B Owning Subsidiary and, in making the determination to proceed with the transactions contemplated hereby, has relied solely on the results of its own independent investigation and the representations and warranties set forth in Articles IV, V and VI.

More Definitions of Vessel B

Vessel B means m.v. “POLAR SPIRIT” and everything now or in the future belonging to it on board and ashore, currently registered under the flag of the Bahamas in the ownership of Polar Spirit L.L.C..

Vessel B means the 160,000 dwt suezmax tanker “▇▇▇▇▇ ▇▇▇▇▇▇▇” built in 2011 and registered in the name of the Vessel B Owner in the Isle of Man ship registry.

Vessel B means approximately 48,000 dwt bulk carrier built by the Builder pursuant to the Building Contract having Hull No. E1-492 at the Builder’s yard and to be named “GYPSUM INTEGRITY”.

Vessel B means a handysize newbuilding dry bulk carrier of approximately 32,000dwt to be constructed and equipped at the shipyard of JNS in Guangdong Province, China. It is currently expected that Vessel B will be delivered in the third quarter of 2009 and will be registered under the laws and flag of Hong Kong upon its delivery.

Vessel B means m.v. "GALICIA SPIRIT" and everything now or in the future belonging to her on board and ashore.

Vessel B means the m/v Navios Astra, an ultra handymax bulk carrier of about 53,468 dwt, built 2006, presently registered under Panamanian flag in the ownership of the relevant Seller and chartered by the Head Owner to Navios Handybulk pursuant to the Vessel B Charter-in ,which may be acquired by the Borrower B following the exercise by Navios Handybulk of the Vessel B Purchase Option and nomination of the Borrower B as buyer of the Vessel B under the relevant MOA and (following such acquisition) registered in the ownership of the Borrower B under the same name and under the laws and flag of the relevant Flag State;

Vessel B means the 2000-built bulk carrier of about 52,073 dwt owned by Palermo and registered in its ownership on the Panamanian flag with the name “NAVIOS APOLLON”;