Additional Hire Payment Date definition

Additional Hire Payment Date means the 25th day of the first month of each calendar quarter commencing on the first full calendar quarter after the Delivery Date (as described in Clause 5), except that the last Additional Hire Payment Date shall be the 25th day following the Expiry Date (as described in Clauses 4 and 49), provided that if such date is not a Business Day (as defined below), the Additional Hire Payment Date shall be the next succeeding Business Day. As used herein, a "Business Day" means a day (other than a Saturday or Sunday) on which banks are open for business in New York City, Gothenburg and London. No Additional Hire shall be payable in respect of any periods during which the vessel is off-hire pursuant to Clauses 21 or 83, except that in the event any class condition or recommendation determined by the vessel's classification society during the inspection of the vessel undertaken by the Owners in connection with the purchase of the vessel (so long as such inspection shall be completed no later than 90 days following the delivery of the vessels), Additional Hire shall be payable for any off-hire periods resulting from the repair of such condition or recommendation unless such repairs can be completed during a regularly scheduled drydocking without increasing the duration of such drydocking.
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Examples of Additional Hire Payment Date in a sentence

  • In addition to payment of Basic Hire hereunder, the Charterers shall pay to the Owners Additional Hire (as defined below), if any, quarterly in arrears, on each Additional Hire Payment Date as hereinafter provided.

  • OIN shall pay to the Company the Additional Hire Payment Amount on the 35th day following the last day of such calendar quarter (the “Additional Hire Payment Date”); provided that if such date is not a Business Day, then the Additional Hire Payment Date shall be the next succeeding Business Day following such date.

  • On the Additional Hire Payment Date, OIN shall provide a final certified schedule that that sets forth, in reasonable detail, the calculations made by OIN in determining the Additional Hire Payment Amount.

Related to Additional Hire Payment Date

  • Note Payment Date means any date on which principal of or interest on any Note is payable.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Initial Payment Date has the meaning specified in Section 3 of this Supplement.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Expected Final Payment Date means the March 2023 Distribution Date.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • L/C Fee Payment Date the last day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

  • Extended Due for Payment Date means, in relation to any Series of Covered Bonds, the date, if any, specified as such in the applicable Final Terms to which the payment of all or (as applicable) part of the Final Redemption Amount payable on the Final Maturity Date will be deferred in the event that the Final Redemption Amount is not paid in full on the Extension Determination Date.

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.

  • Next Payment Date means each date on which the next scheduled payment under any Transaction is due to be paid.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant's Separation Date.

  • Fee Payment Date (a) the third Business Day following the last day of each March, June, September and December and (b) the last day of the Revolving Commitment Period.

  • Principal Payment Dates means, unless otherwise determined by the Fiscal Officer and specified in the Certificate of Award, December 1 in each of the years from and including 2021 to and including 2022.

  • Coupon Payment Date means each day specified to be an Coupon Payment Date in the Product Terms.

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Final Scheduled Distribution Date means, with respect to the Class A-1 Notes, the Distribution Date in [_______]; with respect to the Class A-2 Notes, the Distribution Date in [_______]; with respect to the Class A-3 Notes, the Distribution Date in [_______]; with respect to the Class B Notes, the Distribution Date in [_______]; with respect to the Class C Certificates, the Distribution Date in [_______]; and with respect to the Class D Certificates, the Distribution Date in [_______].

  • Class D Final Scheduled Payment Date means the Payment Date occurring in April 2021.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).