BASIC HIRE Sample Clauses

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $35,700 2 $36,075 3 $36,469 2 4 $36,882 5 $37,316 Option year 1 $37,772 Option year 2 $38,251 Option year 3 $38,753 48 ADDITIONAL HIRE
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BASIC HIRE. The Charterer shall pay to the Owner, in arrears on each Payment Date through the Primary Term, an amount equal to 1.17860% of Owner's Cost (the "Primary Term Basic Hire") as adjusted on the date of each disbursement to the Charterer as agent under the Second Upgrade Agreement according to the methodology outlined on Schedule F attached hereto, and during any Extended Term, 125% of the Primary Term Basic Hire payable on each Payment Date during such Extended Term. The payment each month of the Basic Hire shall be a continuing obligation for each month during which this Charter is in effect, and no invoice for such amount need be issued to the Charterer by the Owner. The Charterer's obligation to make such payment is unconditional and absolute during the term hereof and shall not be affected by any event of force majeure or otherwise.
Sample 1
BASIC HIRE. Subject to any adjustments required by paragraphs (e) and (f) of this Section 9 and by the immediately following sentence, the Charterer hereby agrees to pay to the Owner Trustee (i) on each Payment Date during the Basic Period, Basic Hire, payable in semi-annual installments, each in an amount equal to the product of the Lessor’s Cost multiplied by the percentage listed in Schedule 2 to this Charter opposite the Relevant Payment Date, (ii) for any Renewal Period pursuant to paragraph (c) of Section 2 of this Charter, Basic Hire, payable on such dates and in such amounts as provided in such paragraph (c), and (iii) for any extension of the Charter Period pursuant to paragraph (b) of Section 2, Basic Hire, payable on the date the Vessel shall be delivered by the Charterer to the Owner Trustee pursuant to paragraph (d) of such Section 2, in an amount for each day of such extension equal to 1/180th of the average of the Basic Hire paid on Payment Dates in the Basic Period or Renewal Period, as the case may be, prior to such extension. Notwithstanding any other provisions of this Section 9 (including without limitation any adjustments made pursuant to paragraphs (e) and (f) hereof), on each Payment Date the Charterer shall pay as Basic Hire (without any deductions or offsets) to the Indenture Trustee for the account of the Owner Trustee an amount at least sufficient to pay in full any payment then required to be made on account of principal of, and interest on, the Notes then Outstanding (other than by reason of acceleration of maturity thereof). It is understood that all payments (other than Excepted Property) to be made by the Charterer under this Charter will become subject to the lien of the Indenture and to all the rights of the Indenture Trustee thereunder.
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BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the “Basic Hire”), which shall be payable monthly in advance, as per the following schedule: Period Basic Hire 1 January [__] 2006 – January [__], 2007 $19,765 2 January [__] 2007 –January [__], 2008 $20,043 3 January [__] 2008 –January [__], 2009 $20,335 Option 1 January [__] 2009 –January [__], 2010 $17,942 Option 2 January [__] 2010 –January [__], 2011 $18,264 Option 3 January [__] 2011 –July [__], 2011 $18,603 Option 4 July [__] 2011 – July [__], 2012 $21,158 Option 5 July [__] 2012 – July [__], 2013 $21,531 48 ADDITIONAL HIRE Additional Hire, as hereinafter defined, shall only be payable for Option Years 1-3, as defined in Clause 47 and only if such extension of the Charter is the result of the Charterer’s exercising of their option for such extension in accordance with Clause 49.
Sample 1
BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the “Basic Hire”), which shall be payable monthly in advance, as per the following schedule: Period Basic Hire 1 January 5, 2006 – January 4, 2007 $19,765 2 January 5, 2007 –January 4, 2008 $20,043 3 January 5, 2008 –January 4, 2009 $20,335 Option 1 January 5, 2009 –January 4, 2010 $17,942 Option 2 January 5, 2010 –January 4, 2011 $18,264 Option 3 January 5, 2011 –July 4, 2011 $18,603 Option 4 July 5, 2011 – July 4, 2012 $21,158 Option 5 July 5, 2012 – July 4, 2013 $21,531 48 ADDITIONAL HIRE Additional Hire, as hereinafter defined, shall only be payable for Option Years 1-3, as defined in Clause 47 and only if such extension of the Charter is the result of the Charterer’s exercising of their option for such extension in accordance with Clause 49.
Sample 1
BASIC HIRE. Article 9(a) of the Subcharter shall be amended by re-designating Article 9(a) as Article 9(a)(1) and adding the following new Article 9(a)(2) that reads as follows:
Sample 1
BASIC HIRE. The Obligor hereby agrees to pay Basic Hire with respect to the Assets during the Term thereof as set forth in this Section 7(a).
Sample 1
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Related to BASIC HIRE

  • BASIC PROVISIONS This Article contains the basic lease provisions between Landlord and Tenant.

  • Basic Fee The basic fee for a Fund (the "Basic Fee") for any period shall equal: (i) the Fund's average net assets during such period, multiplied by (ii) the annual rate identified for such Fund on Schedule B-1 hereto, multiplied by (iii) a fraction, the numerator of which is the number of calendar days in the payment period and the denominator of which is 365 (366 in leap years).

  • Basic Salary (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £415,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the 25th day of each calendar month or otherwise as arranged from time to time.

  • BASIC LEASE INFORMATION In addition to the terms that are defined elsewhere in this Lease, these terms are used in this Lease:

  • Annual Fixed Rent Tenant covenants and agrees to pay the Annual Fixed Rent in Section 1.1 to Landlord in advance in equal monthly installments commencing on the Term Commencement Date (if not the first day of a month) and thereafter on the first day of each calendar month during the Term. All payments shall be due without billing or demand and without deduction, setoff or counterclaim, except as expressly set forth in this Lease. Tenant shall make payment for any portion of a month at the beginning or end of the Term. All payments shall be payable to Landlord at Landlord’s address, as specified in Section 1.1, or to such other entities at such other places as Landlord may from time to time designate. Without limiting the foregoing, except as expressly set forth in this Lease, Tenant’s obligation so to pay Rent (as hereinafter defined) shall not be discharged or otherwise affected by any law or regulation now or hereafter applicable to the Premises, or any other restriction on Tenant’s use, or any casualty or taking, or any failure by Landlord to perform any covenant contained herein, or any other occurrence; and, except as expressly set forth in this Lease, Tenant waives all rights now or hereafter existing to terminate or cancel this Lease or quit or surrender the Premises or any part thereof, or to assert any defense in the nature of constructive eviction to any action seeking to recover Rent. The foregoing notwithstanding, if Landlord fails for any reason within Landlord’s control to provide any service to be supplied by Landlord under the Lease which is necessary for Tenant’s reasonable use of the Premises (such as HVAC, elevator service, electricity, water, or structural repairs), and Tenant is unable to use the Premises on account of such failure, Tenant shall be entitled to a proportional abatement of Annual Fixed Rent and Additional Charges for Operating Expenses and Taxes based on the portion of the Premises which cannot be used by Tenant. This abatement shall begin on the fourth (4th) consecutive Business Day from Tenant’s written notice to Landlord of the failure. The abatement shall end when the services are restored sufficiently to permit use of the Premises.

  • Vehicle Allowance During the Employment Period, Executive shall be entitled to receive from the Company a vehicle allowance of $1,000 per month, subject to future increases as may be granted to senior executives.

  • Payment of Compensation Subject to the provisions of this paragraph, payment of the Subadviser's compensation for the preceding month shall be made within 15 days after the end of the preceding month.

  • Amount of Compensation The Adviser shall pay the Subadviser, as compensation for services rendered hereunder, from its own assets, an annual fee, payable monthly, equal to 40% of the investment advisory fee collected by the Adviser from the Fund, based on the total net assets of the Fund existing as of the date hereof (the "base amount"), plus 30% of the advisory fee collected by the Adviser, based on the total net assets of the Fund that exceed the base amount (the "marginal amount"), in each case calculated after any waivers, voluntary or otherwise.

  • Basic Rental Tenant agrees to pay to Landlord during the ------------- Term hereof, at Landlord's office or to such other person or at such other place as directed from time to time by written notice to Tenant from Landlord, the initial monthly and annual sums as set forth in Article 1.C of the Basic Lease Provisions, payable in advance on the first day of each calendar month, without demand, setoff or deduction, and in the event this Lease commences or the date of expiration of this Lease occurs other than on the first day or last day of a calendar month, the rent for such month shall be prorated. Notwithstanding the foregoing, the first full month's Basic Rental shall be paid to Landlord in accordance with Article 1.J. of the Basic Lease Provisions.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

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