Period Trading Limits Sample Clauses

POPULAR SAMPLE Copied 1 times
Period Trading Limits. Owners agree to let and Charterers agrees to hire the Vessel for a period of three (3) years, plus or minus thirty (30) days at Charterers’ option. (Such three (3) year term and any extension, if applicable, hereinafter “Term”). Charterers shall have the exclusive option to extend the Charter for two additional terms of two (2) years each on the same terms and conditions as provided herein provided they give written notice to Owners no less than two hundred seventy (270) days prior to the expiration of the initial Term or any extended Term. The Vessel shall be delivered by Owners at a port in the U.S. Gulf Coast, to be selected by Charterers, excluding Florida and Charterers shall redeliver the Vessel clean and suitable for clean petroleum cargo no darker than 2.5 NPA to Owners at the end of the Term at a port in the U.S. Gulf Coast, excluding Florida, at Owners’ option, free of cargo and slops. The Charterers shall be entitled to Worldwide trade always within American Institute warranty limits, with legal exclusions for US flag (currently Lebanon, Syria, North Korea, Cuba, Haiti, Etc.) and UN exclusions. The Vessel shall be loaded, discharged, or lightened, at any port, place, berth, dock, anchorage, submarine line or alongside lighters or lightering vessels as Charterers may direct where practical considering specific Vessel design limitations. Notwithstanding anything contained in this clause or any other provisions of this Charter, Charterers do not warrant the safety of any port, berth, dock, anchorage, submarine line or any other place and shall not be liable for any loss, damage, injury, or delay resulting from conditions at such ports, berths, docks, anchorages, submarine lines or other places not caused by Charterers’ fault or neglect or which could have been avoided by the exercise of reasonable care on the part of the master or Owners. Charterers shall use due diligence to ensure that the Vessel is only employed between and at safe places (which expression when used in this Charter shall include ports, berths, wharves, docks, anchorages, submarine lines, alongside vessels or lighters, and other locations (including locations at sea) where she can safely lie always afloat. Owner has the right to reject any port or berth deemed not safe in the judgment of the Master.
View SourceView Similar (3)

Related to Period Trading Limits

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

  • Lockup Period Limitation Participant agrees that in the event the Company advises Participant that it plans an underwritten public offering of its Common Stock in compliance with the Securities Act of 1933, as amended, and that the underwriter(s) seek to impose restrictions under which certain shareholders may not sell or contract to sell or grant any option to buy or otherwise dispose of part or all of their stock purchase rights of the underlying Common Stock, Participant hereby agrees that for a period not to exceed 180 days from the prospectus, Participant will not sell or contract to sell or grant an option to buy or otherwise dispose of this option or any of the underlying shares of Common Stock without the prior written consent of the underwriter(s) or its representative(s).

  • Billing Limitations a. DSHS shall pay the Contractor only for authorized services provided in accordance with this Contract. b. DSHS shall not pay any claims for payment for services submitted more than twelve (12) months after the calendar month in which the services were performed. c. The Contractor shall not bill and DSHS shall not pay for services performed under this Contract, if the Contractor has charged or will charge another agency of the state of Washington or any other party for the same services.

  • Lock-Up Period Participant hereby agrees that Participant shall not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any Common Stock (or other securities) of the Company or enter into any swap, hedging or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any Common Stock (or other securities) of the Company held by Participant (other than those included in the registration) for a period specified by the representative of the underwriters of Common Stock (or other securities) of the Company not to exceed one hundred and eighty (180) days following the effective date of any registration statement of the Company filed under the Securities Act (or such other period as may be requested by the Company or the underwriters to accommodate regulatory restrictions on (i) the publication or other distribution of research reports and (ii) analyst recommendations and opinions, including, but not limited to, the restrictions contained in NASD Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto). Participant agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are necessary to give further effect thereto. In addition, if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, Participant shall provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities Act. The obligations described in this Section 4 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in the future, or a registration relating solely to a Commission Rule 145 transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of said one hundred and eighty (180) day (or other) period. Participant agrees that any transferee of the Option or shares acquired pursuant to the Option shall be bound by this Section 4.

  • Applicable Expense Limit To the extent that the ordinary operating expenses incurred by the Fund in any fiscal year, including but not limited to investment advisory fees of the Advisor, but excluding interest, taxes, brokerage commissions, other investment-related costs and extraordinary expenses, such as litigation and other expenses not incurred in the ordinary course of the Fund’s business (“Fund Operating Expenses”), exceed the Operating Expense Limit, as defined in Section 1.2 below, such excess amount (the “Excess Amount”) shall be the liability of the Advisor to the extent set forth in this Agreement.