Early Termination Payment and Expenses Sample Clauses

Early Termination Payment and Expenses. A termination of this Charter by Charterer under Clause 17.1, 17.9 (if such termination would qualify for an Early Termination Payment under the provisions of the last sentence of this Clause 17.2), Clause 18.3(ii)(a) (but only if such termination is for drydocking or Offsite Repair Work for reasons under Clause 18.3(i)(b)), Clause 26.3, or Clause 35.2 or by Owner under Clause 17.4 or Clause 26.4 shall be subject to the applicable Early Termination Payment but in no other case shall an Early Termination Payment be due to Owner by Charterer. In addition, to the Early Termination Payment, Charterer shall pay Owner’s Demobilization Costs in accordance with the provisions of Clause 25.2, except that Charterer shall only pay Owner’s Demobilization Costs under Clause 17.1(i) if the FPSO has left the Owner’s conversion yard or other shore-side location (where the FPSO Work was being carried out) for the FPSO Site, or is actually on location at the FPSO Site, after the Sailaway Date. The Parties also agree that, in connection with any termination under Clause 17.9, Charterer shall be required to pay an Early Termination Payment and/or Demobilization Costs if such termination of the FPSO Operating and Maintenance Agreement is for reasons which under the provisions of this Charter would require Charterer to pay an Early Termination Payment and/or Demobilization Costs (provided that Charterer shall never be required to make duplicate payments of such amounts).
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Early Termination Payment and Expenses

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Early Termination Fee After this contract goes into effect, if you terminate this contract for any reason, or switch your service to a different electricity generation supplier or default service supplier prior to the end of the contract term, you will be responsible for paying XOOM Energy an early termination fee in the amount of $500. This Early Termination Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electric power to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement:

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees:

  • Expenses; Termination Fee (a) Except as set forth in this Section 8.3, all fees and expenses incurred in connection with this Agreement and the Transactions shall be paid by the Party incurring such expenses, whether or not the Offer and Merger are consummated.

  • Termination Fee and Expenses (a) In the event that:

  • Payment of Accrued Obligations The Company shall pay to the Executive upon the Executive’s Severance a lump sum payment in cash, paid in accordance with applicable law, as soon as practicable but no later than ten (10) days after the Severance Date, equal to the sum of (a) the Executive’s accrued annual base salary and any accrued vacation pay through the Severance Date, and (b) any annual bonus earned by the Executive from the year preceding the Severance Date but not yet paid as of the Severance Date.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!