Charter Cancellation Sample Clauses

Charter Cancellation. Minimum rate for the charter/cancellation/show-up, excluding charter connecting within thirty (30) minutes of an AM/PM or noon run. In region trip: 1 hour at charter driving rate Out of region trip: 2 hours at charter driving rate
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Charter Cancellation. 28 (d) Timing of Mandatory Prepayments...................................................................28 5.4 Interest and Costs with Prepayments/Application of Prepayments....................................28 6.
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Charter Cancellation. 40 10. ASSIGNMENT.................................................................................................40 11. ILLEGALITY, INCREASED COST, NON-AVAILABILITY, ETC..........................................................40 11.1 Illegality........................................................................................40 11.2
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Charter Cancellation. Upon the cancellation of a Time Charter by the Charterer, the cancellation penalty payment payable under such Time Charter shall be applied, in inverse order of maturity, to the remaining scheduled repayment installments set forth in Section 5.1 with respect to the applicable Tranche.
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Charter Cancellation. In the event of a cancellation or termination of a Time Charter for any reason whatsoever, the relevant Borrower and the Guarantor shall have the option to pursue one of the following courses of action: within thirty (30) days of such cancellation/termination, (i) granting the Security Agent, on behalf of the Lenders, a security interest in a replacement charter with a party of the same creditworthiness as the Charter Guarantor as evidenced by the Rating thereof, and with similar terms and conditions as the cancelled/terminated Time Charter and otherwise in form and substance acceptable to the Majority Lenders in their reasonable discretion, (ii) prepaying the Tranche attributable to the relevant Vessel, in which case the Lenders shall release the relevant Security Documents with respect to the relevant Vessel, failing satisfaction of either (i) or (ii) above, such Tranche shall be covered by the Guaranty (as provided therein) and the Borrowers shall ensure that the Fair Market Value of the relevant Vessel is at least equal to the Required Percentage of its respective Tranche or otherwise comply with the provisions of Section 9.4(x) or 9.4(y).
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Charter Cancellation a) Cancellation by the Client
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Related to Charter Cancellation

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Section 309 Cancellation All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order.

  • Certificate of Cancellation On completion of the winding up of the Company as provided herein and under the Act, the Members (or such other Person or Persons as the Act may require or permit) shall file a certificate of cancellation with the Secretary of State of the State of Delaware and take such other actions as may be necessary to terminate the existence of the Company. Upon the filing of such certificate of cancellation, the existence of the Company shall terminate, except as may be otherwise provided by the Act or by Applicable Law.

  • Notice of Cancellation Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to City.

  • Voluntary cancellation Subject to the payment of SIMEST Break Costs, the Borrower may, if it gives the Agent not less than thirty-five (35) days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of the Available Facility. Any cancellation under this Clause 7.9 (Voluntary cancellation) shall reduce the Commitments of the Lenders rateably.

  • Winding Up and Certificate of Cancellation The winding up of the LLC shall be completed when all of its debts, liabilities and obligations have been paid and discharged or reasonably adequate provisions therefore has been made, and all of the remaining property and assets of the LLC have been distributed to the Member. Upon the completion of the winding up of the LLC, a Certificate of Cancellation of the LLC shall be filed with the Delaware Secretary of State.

  • Purchase for Cancellation Subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 7 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the General Partner, such units are obtainable.

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • ADS Cancellation Fee by any person for whom ADSs are being cancelled (e.g., a cancellation of ADSs for Delivery of deposited Shares, upon a change in the ADS(s)-to-Share(s) ratio, or for any other reason), a fee not in excess of U.S. $5.00 per 100 ADSs (or fraction thereof) cancelled;

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