Common use of Hire Rate Clause in Contracts

Hire Rate. As full compensation for the performance by Owner of its obligations under this Charter, Hire shall accrue in accordance with this Article 8 commencing on the date and at the hour (GMT) *****. Hire shall continue to accrue until the date and hour (GMT) when the Vessel is redelivered to Owner under the terms of this Charter. Hire shall be paid at the rate (the “Hire Rate”) and in the manner provided for herein and in Schedule III.

Appears in 2 contracts

Samples: Technology License Agreement (Exmar Energy Partners LP), Exmar Energy Partners LP

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Hire Rate. As full compensation for the performance by Owner of its obligations under this Charter, Hire shall accrue in accordance with this Article 8 commencing on the date and at the hour (GMT) *****. Hire shall continue to accrue until the date and hour (GMT) when the Vessel is redelivered to Owner under the terms of this Charter. Hire shall be paid in cash at the rate (the “Hire Rate”) and in the manner provided for herein and in Schedule III.

Appears in 2 contracts

Samples: LNG Vessel Time Charter Party (Exmar Energy Partners LP), Exmar Energy Partners LP

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