Additional Ships definition

Additional Ships means the additional ships which meet the Additional Ship Selection Criteria purchased or (as the context may require) to be purchased by an Additional Owner with the prior written approval of the Agent and “Additional Ship” means any of them;
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Additional Ships means, together, "STAR DELTA", "STAR GAMMA", "STAR EPSILON", "STAR ZETA" and "STAR THETA" and, in the singular, means any of them;
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Additional Ships means, together, “C DUCKLING”, “F DUCKLING” and “G DUCKLING” and, in the singular, means any of them;
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Examples of Additional Ships in a sentence

  • SeaVision shall install the System on the Additional Ships pursuant to the implementation schedule set forth on Exhibit B attached hereto.

  • The System installed on the Initial Ship and to be installed by SeaVision on the Additional Ships shall consist of such hardware and software (a listing of which hardware and software shall also be included on Exhibit C attached hereto) as shall be determined and mutually agreed upon by the parties.

  • The Guarantors shall not and shall procure that none of their Subsidiaries shall acquire any further tonnage other than the Additional Ships without the prior written consent of the Agent (such consent not to be unreasonably withheld) and the Borrower shall keep the Agent fully informed from time to time of any proposed purchases of tonnage by the Borrower or the Guarantors or any of their Subsidiaries.

  • The Borrower shall procure that no member of the Group shall engage in any line of business other than (i) directly or indirectly owning and operating the Existing Ships, or acquiring and operating the Newbuildings and/or Additional Ships, or (ii) the management as manager or agent of vessels owned by any person not a member of the Group.

  • The Borrower shall procure that no member of the Group shall engage in any line of business other than directly or indirectly owning and operating the Existing Ships, or acquiring and operating the Newbuildings and/or Additional Ships.

  • In addition to the times specified in Clause 4.1 (First Availability Date) and Clause 4.2 (Availability of Loans for Additional Ships) the test specified in Clause 4.5 (Available Facility Limit) shall be applied by the Agent on an annual basis in January of each year.


More Definitions of Additional Ships

Additional Ships means any or all of them;
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Related to Additional Ships

  • Existing ship means a ship which is not a new ship.

  • Relevant Ship means the Ships and any other vessel from time to time (whether before or after the date of this Agreement) owned, managed or crewed by, or chartered to, any Relevant Party;

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

  • ro-ro passenger ship means a passenger ship provided with cargo or vehicle spaces not normally subdivided in any way and extending to either a substantial length or the entire length of the ship in which vehicles or cargo can be loaded or unloaded in a horizontal direction;

  • 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.