Demurrage Rate Sample Clauses

Demurrage Rate. The Demurrage Rate shall be: [] per Day.
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Demurrage Rate. The demurrage rate is:‌
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Demurrage Rate. The rate of Demurrage for the purposes of Clause 12.5 of the Master Agreement shall be [⚫] per day and pro rata for any begun day.
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Demurrage Rate. 20.1. The Demurrage Rate to be declared by the Seller for each vessel / shipment at the time of nomination of the vessel shall be on a par with the market levels.
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Demurrage Rate. The demurrage rate shall be that which is stipulated in the charter party entered into between the Buyer and the owner or operator of the Vessel or in any other contract of affreightment entered into by the Buyer, and should not exceed the prevailing market rate on the date of loading for similar vessels.
Sample 1
Demurrage Rate. On the effective date of this COA the demurrage rate for the Vessel is $650/hour. This rate will escalate or de-escalate based on changes as the CPI using the same method as provided in Article 4b, above.
Sample 1
Demurrage Rate. The rate of demurrage is USD [ ] per day pro rata.
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Related to Demurrage Rate

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 2.00 to 1 at any time.

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

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