Common use of Obligation to pay Hire Clause in Contracts

Obligation to pay Hire. to continue Unless and until such time as the Vessel has been redelivered by the Charterers to the Owners, or the title to the Vessel has been transferred to the Charterers pursuant to the fulfilment of the Purchase Obligation, the exercise of the Purchase Option or upon payment of the Termination Sum, in each case in accordance with the terms of this Charter, the Charterers shall continue to pay Hire in accordance with the terms of this Charter.