Payment of Hire. Subject to Clause 3 (c) and 3 (e), payment of hire shall be made in immediately available funds to the account(s) stipulated in Article 7 of the Confirmation Memorandum in United States Dollars per calendar month in advance, less:
(a) any hire paid which Charterers reasonably estimate to relate to off-hire periods, and;
(b) any amounts disbursed on Owners’ behalf, any advances and commission thereon, and charges which are for Owners’ account pursuant to any provision hereof, and;
(c) any amounts due or reasonably estimated to become due to Charterers under Clause 3 (b), 16 or 26 and Appendix C hereof, any such adjustments to be made at the due date for the next monthly payment after the facts have been ascertained. Charterers shall not be responsible for any delay or error by Owners’ bank in crediting Owners’ account provided that Charterers have made proper and timely payment. In default of such proper and timely payment:
(i) Owners shall notify Charterers of such default and Charterers shall within ***** of receipt of such notice pay to Owners the amount due, including interest, failing which Owners may withdraw and/or terminate the Vessel from the service of Charterers without prejudice to any other rights Owners may have under this Charter or otherwise. The period of ***** shall be extended by any period during which the Charterers are prevented from making payment by the Office of Foreign Asset Control in the United States of America; and
(ii) interest on any amount due but not paid on the due date shall accrue from the day after that date up to and including the day when payment is made, at a rate per annum which shall be ***** per annum above LIBOR (as in effect on the day when such sum was originally due), or, if no such interest rate is published on that day, the interest rate published on the next preceding day on which such a rate was so published, computed on the basis of a 360 day year of twelve 30-day months, compounded semi-annually.
Payment of Hire. Subject to Clause 3 (c) and 3 (e), payment of hire shall be made in immediately available funds to: Wachovia Bank, NA New York ABA # 000-000-000 Account: The Royal Bank of Scotland International Limited Account Number: 2000193009149 (CHIPS:155424) SWIFT: PNBPUS3NNYC For further credit to: Double Hull Tankers, Inc. Account Number: 1028 – 00000000 in United States Dollars per calendar month in advance, less:
Payment of Hire. Subject to Clause 3 (c) and 3 (e), payment of hire shall be made in immediately available funds to: Fifth Third Bank in United States Dollars per calendar month in advance, less:
Payment of Hire. Each Hire payment shall be made in arrears on each Hire Payment Date (Beijing time) (in respect of which time is of the essence). Each Hire shall be received by the Owners no later than 4:00 p.m. (Beijing time) on the relevant Hire Payment Date (in respect of which time is of the essence).
Payment of Hire. Subject to Clause 3 (c) and 3 (e), payment of hire shall be made in immediately available funds to: JPMorgan Chase Bank in United States Dollars per calendar month in advance, less:
Payment of Hire. In the event of payment as per Clause 7 not being made on the due date, Owners shall notify Charterers whereupon Charterers shall make payment of the amount due within [*] banking days of receipt of notification from Owners, unless Charterers can demonstrate that they are taking steps to trace the missing funds and/or arranging for the delayed hire to be remitted, failing which Owners shall have the right to withdraw the Vessel from the service of Charterers without prejudice to any claim Owners may otherwise have against Charterers.
Payment of Hire except for the first and last month's Hire, if subclass (c) of this Clause is applicable, shall be made in cash without discount in the currency and in the manner indicated in Box 23 and at the place mentioned in Box 24.
Payment of Hire. Hire shall be calculated in accordance with Sub-clause (a) to the end of each calendar month in respect of Pool Net Revenue, and shall be paid within fifteen (15) days after the end of each calendar month. Copyright, published by BIMCO. 2012.
Payment of Hire. Subject to Clause 3 (c) and 3 (e), payment of hire shall be made in immediately available funds
Payment of Hire. 15.5.1. Hire shall be calculated in accordance with Clause 15.4 to the end of each calendar month in respect only of Pool Gross Revenue actually received in that month, adjusted to take account of payments of Hire made in previous calendar months in respect of the same Pool Year and shall be paid within 20 days after the end of each calendar month.
15.5.2. A final distribution of Hire (the "Final Distribution") shall be calculated in respect of each Pool Year on the basis of the audited annual accounts of the Pool Manager. The entitlement of a Participant to receive a Final Distribution shall be adjusted to take account of payments of Hire made under Clause 15.5.1 in respect of the same Pool Year. The balance shall be settled in cash not later than two months after the end of the relevant Pool Year.
15.5.3. If any calculation under Clauses 15.5.1 and 15.5.2 shall result in a negative amount being due to a Participant it shall pay such amount to the Pool Manager within five (5) days after demand or set off such amount against current entitlement to the Final Distribution.
15.5.4. All payments of Hire by the Pool Manager or demands under Clause 15.5.3 shall be accompanied by a detailed calculation of such payment or demand.
