Charter Event of Default definition

Charter Event of Default wherever used herein, shall mean ------------------------ any of the following events (whatever the reason for such Charter Event of Default and whether it shall be voluntary or involuntary, or come about or be effected by operation of law, or be pursuant to or in compliance with any judgment, decree or order of any court or any Governmental Rule or Governmental Action):
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Charter Event of Default means, for each Initial Charter, each of the events designated as an event of default in such Initial Charter. For a description of certain events constituting Charter Events of Default, see "The Initial Charters--Charter Events of Default."
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Charter Event of Default has the meaning specified in Section 16.1 of the Master Charter.
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Examples of Charter Event of Default in a sentence

  • Notwithstanding any other provision of any Operative Document, unless a Charter Event of Default shall have occurred and be continuing and the Charter shall have been declared to be in default pursuant to Article 22 thereof, the Indenture Trustee shall not take or cause to be taken any action contrary to the Charterer's rights under the Charter, including without limitation the rights of the Charterer under Article 7 thereof.

  • The Charterer will deliver to the Owner --------------------- Participant, the Owner Trust and the Indenture Trustee on or before November 1 of each year during the Charter Period, an Officer's Certificate of the Charterer to the effect that the signer is familiar with or has reviewed the relevant terms of the Charter and the signer does not have knowledge of the existence, as of the date of such certificate, of any condition or event which constitutes a Charter Event of Default.

  • No express or implied waiver by Owner of any Charter Party Default or Charter Event of Default shall in any way be, or be construed to be, a waiver of any future or subsequent Charter Party Default or Charter Event of Default.

  • The Vessel shall have been duly ------------------------ accepted by the Charterer under the Charter and in evidence thereof the Pass Through Trustee and the Indenture Trustee shall have received a protocol of delivery and acceptance executed by Charterer and no Charter Default or Charter Event of Default shall have occurred and be continuing.

  • In addition, so long as the Charter is in effect and no Charter Event of Default shall have occurred, the Mortgagee shall not, without the prior written consent of the Charterer exercise any remedy resulting in an in rem judicial sale of the Vessel.

  • Unless a Charter Event of Default shall have occurred and be continuing, the Charterer shall not be required to disclose any confidential information or allow anyone to inspect confidential materials.

  • During the Charter Period, Owner shall have the right at ---------- any time, on reasonable notice, to inspect the Vessel in order to ascertain whether the Vessel is being properly repaired and maintained; provided that unless a Charter Event of Default shall have occurred and be continuing, no such inspection shall be made more than once in any calendar year.

  • Notwithstanding any other provision of this Indenture (including, without limitation, Section 5.04 and 5.05 hereof) or any Operative Document, unless a Charter Event of Default shall have occurred and be continuing and the Charter shall have been declared to be in default pursuant to Article 22 thereof, the Indenture Trustee shall not take or cause to be taken any action contrary to the Charterer's rights under the Charter, including without limitation the rights of the Charterer under Article 7 thereof.

  • During the continuance of a Charter Event of Default, the Charterer shall not compromise any claim without the consent of the relevant Indemnitee unless such claim is simultaneously released or discharged, such consent not to be unreasonably withheld.

  • Charter Event of Default or --------------------------------------------------------------- Environmental Claim; Other Certificates.


More Definitions of Charter Event of Default

Charter Event of Default means any one or more Events of Default set forth in Article 21 of the Bareboat Charters or Article XIV of the Time Charters. "Charter Period" shall mean the period for which the related Time Charter, Bareboat Charter and Operating Lease are in effect. "Charters" shall mean any of the Bareboat Charters and the Time Charters. "Chicago Assignment of Charterhire" shall mean that certain Assignment of Charterhire dated as of the Delivery Date, executed by the Chicago Owner in favor of the Collateral Trustee. "Chicago Assignment of Insurances" shall mean that certain Assignment of Insurances dated as of the Delivery Date, executed by the Chicago Owner and the Bareboat Charterer in favor of the Collateral Trustee. "Chicago Bareboat Charter" shall mean that certain Bareboat Charter dated as of March 30, 1999, by and between the Chicago Owner and the Bareboat Charterer, as amended by Amendment No. 1 dated as of August 20, 1999, in respect of the OVERSEAS CHICAGO. "Chicago Finance Lease" shall mean that certain Finance Lease dated as of the Delivery Date, by and between the Chicago Owner and the Owner Trust pursuant to which the Chicago Owner will lease the OVERSEAS CHICAGO to the Owner Trust.
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Charter Event of Default means, for each Charter, each of the events designated as a default in Clause 17 of such Charter.
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Charter Event of Default means an Indenture Event of Default. ------------------------
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Related to Charter Event of Default

  • Senior Event of Default means an Event of Default under a Senior Financing Agreement.

  • PTC Event of Default Means any failure to pay within 10 Business Days of the due date thereof: (i) the outstanding Pool Balance on the Final Legal Distribution Date or (ii) interest due on the Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or Drawings (as defined in the Intercreditor Agreement), or a withdrawal or withdrawals pursuant to Section 3.6(f) of the Intercreditor Agreement, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee).

  • Issuer Event of Default means the occurrence of any of the following events:

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.