Examples of Basic Hire in a sentence
Such Basic Hire shall be payable in equal quarterly installments in advance commencing on the Payment Date corresponding to the Vessel Delivery Date as set forth in Schedule 2 attached hereto.
In that case, the Charterer shall pay to the Owner, on the applicable EBO Date, or if such date is not a Business Day on the next succeeding Business Day, in Dollars and in immediately available funds (1) the applicable EBO Price (subject to Clause 74(ii) hereof), plus (2) any unpaid Basic Hire due or accrued on or prior to the applicable EBO Date and not otherwise already paid.
All provisions of this Charter shall be applicable during the Renewal Period, except that the Basic Hire payable under this Charter during each Renewal Period shall be that specified in this Clause 62.
It is recognized and acknowledged that Basic Hire during the Basic Period and Renewal Period (if any) as set forth in Box 22, the EBO Prices set forth in Schedule 1 hereto, and the Stipulated Loss Values set forth in Schedule 3 hereto are based on certain pricing assumptions.
The Charterer shall pay to the Owner for the hire of the Vessel the Basic Hire payable during the Basic Period which is set forth in Box 22, as adjusted pursuant to the Agreement to Acquire and Charter.