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 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”.

Examples of Vessel B in a sentence

• There are no material contracts or agreements, written or oral, to which the Vessel B Owning Subsidiary is a party or by which any of the assets of the Vessel B Owning Subsidiary are bound.

• 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.

• 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.

• The Shares B constitute 100% of the issued and outstanding Equity Interests of the Vessel B Owning Subsidiary.

• The Vessel B Owning Subsidiary (and the Vessel B owned by it) has no liabilities or obligations of any nature, whether absolute, accrued, contingent or otherwise, and whether due or to become due (including, without limitation, any liability for Taxes and interest, penalties and other charges payable with respect to any such liability or obligation).

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 “Xxxxx Xxxxxxx” built in 2011 and registered in the name of the Vessel B Owner in the Isle of Man ship registry.

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;

Vessel B means the 105,000 dwt shuttle tanker “Recife Xxxxxxx” built in 2011 and registered in the name of the Borrower in the Bahamas ship registry.

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 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”;

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