Charter Rate Sample Clauses

Charter Rate. The first two sentences of Section 3(a) are hereby deleted in their entirety and replaced with the following: “Effective as of January 1, 2006, ProFlite shall make the Aircraft available to Customer for a minimum of One Hundred Fifty (150) charter hours of flight time per year during each twelve month period of the Term of this Agreement.” “Effective as of January 1, 2006, Customer shall pay a charter rate of Eight Thousand United States Dollars (US$8,000.00) per charter hour of Customer’s use of the Aircraft (the “Charter Rate”) computed in accordance with this Section 3(a).”
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Charter Rate. Customer shall be entitled to One Hundred Fifty (150) charter hours of flight time on the Aircraft per year during each twelve month period of the Term of this Agreement beginning on the date hereof. Customer shall pay a charter rate of Six Thousand United States Dollars (US$6,000.00) per charter hour on the Aircraft (the “Charter Rate”). The number of charter hours shall be computed in hours and tenths of hours from the time of Aircraft liftoff at the departure point to the time of Aircraft touchdown at the arrival airport. If any charter flight for Customer involves positioning or repositioning of the Aircraft, the number of charter hours required for such positioning flights shall be included in the number of charter hours utilized and payable by Customer at the Charter Rate.
Charter Rate. The parties agree to have the charter rate for multi-day charters apply to single day charter work of four (4) hours duration or more, excepting those charters performed between Greater Vancouver and Greater Victoria. Such charters must be signed on the overnight sheet. (See Letter of Agreement #3).
Charter Rate. The Charter Rate is to include but may not be limited to the operator’s operational costs resulting from the provision of service. See Worksheet G - Agreement - Schedule F – Rates.

Related to Charter Rate

  • Determination of Commercial Paper Rate If the Interest Rate Reset Basis specified above is the Commercial Paper Rate, the interest rate with respect to this Note will be the Commercial Paper Rate plus or minus the Spread, if any, or multiplied by the Spread Multiplier, if any, as specified above. “Commercial Paper Rate” means, with respect to any Interest Determination Date, the Money Market Yield (as defined below) of the rate on such Interest Determination Date for commercial paper having the Index Maturity specified above as published in H.15(519) under the caption “Commercial Paper-Nonfinancial”. In the event that such rate is not published by 3:00 P.M., New York City time, on the Calculation Date pertaining to such Interest Determination Date, then the Commercial Paper Rate will be the rate on such Interest Determination Date for commercial paper having the Index Maturity specified above as published in H.15 Daily Update, or other recognized electronic source used for the purpose of displaying the applicable rate, under the caption “Commercial Paper-Nonfinancial.” If by 3:00 P.M., New York City time, on such Calculation Date such rate is not yet published in either H.15(519), H.15 Daily Update or other recognized electronic source, the Commercial Paper Rate for such Interest Determination Date will be calculated by the Calculation Agent and will be the Money Market Yield of the arithmetic mean of the offered rates at approximately 11:00 A.M., New York City time, on that Interest Determination Date, of three leading dealers of United States dollar commercial paper in The City of New York selected by the Calculation Agent for commercial paper having the Index Maturity specified above placed for industrial issuers whose bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating organization; provided, however, that if the dealers selected as aforesaid by the Calculation Agent are not quoting as mentioned in this sentence, the Commercial Paper Rate determined as of such Interest Determination Date will be the Commercial Paper Rate in effect on such Interest Determination Date.

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • LIBOR Rate The election of LIBOR Rates shall be subject to the following terms and requirements:

  • Fixed Interest Rate Annual interest rate shall be /% and will not change during the duration.

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