Basic Period definition

Basic Period means the period beginning on the Vessel Delivery Date and ending at 11:59 P.M. (New York City time) on the day immediately preceding the 12 year anniversary of the Vessel Delivery Date.
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Basic Period means the period for which the Vessel is chartered as provided in Section 2(a) of the Charter, beginning on the Basic Period Commencement Date and ending at 11:59 P.M. (New York City time) on the eighteenth anniversary of the Basic Period Commencement Date.
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Basic Period means weekdays (Monday – Friday) 08.00 – 16.00 (17.00 in Sweden) CET. For public holidays in Sweden and/or Norway, the base period may be reduced.
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Examples of Basic Period in a sentence

  • Upon the expiration of the Basic Period, or if applicable, the Renewal Period, the Charter Period shall be extended (a) for the duration of any Voyage in progress of the Vessel at such expiration and any period necessary for the unloading of cargo related to such Voyage, and (b) for any period necessary to make any repairs to the Vessel as may be required in order to put the Vessel in a condition necessary to comply with Clause 15, provided that neither extension shall exceed 90 days.

  • If the Charterer exercises its option hereunder, it shall pay to the Owner, on the last day of the Basic Period or the Renewal Period, as applicable, or if such date is not a Business Day on the next succeeding Business Day, (i) the purchase option price plus (ii) any unpaid Hire due or accrued on or prior to the date and not otherwise already paid.

  • The Charterer may exercise its option by written notice to the Owner given not less 365 days prior to the end of the Basic Period or the Renewal Period, as applicable.

  • The giving of such notice shall constitute the Charterer’s irrevocable election and obligation to purchase the Vessel and the Other Vessels at the end of the Basic Period or the Renewal Period, as applicable.

  • Basic Period") unless terminated earlier as per the provisions of the Agreement.

  • If and to the extent that the Indenture Trustee on the first day of the Basic Period shall not have received funds for the payment in full of the amounts then due on the Notes, the Charterer shall pay on such date all or such portion of the Interim Hire as shall remain unpaid.

  • Pricing shall be provided for the Basic Period, the Option Period, and the 6 month extension, by CLIN.

  • The Charterer agrees to pay, to the extent not paid by the Owner Trustee pursuant to Section 3(b)(i) of the Participation Agreement, Interim Hire for the Interim Period in a single installment due on the Basic Period Commencement Date in an amount equal to the aggregate amount of interest accrued but unpaid to such date on the Notes.

  • This effort includes the one Basic Period of 39 months (7-month TMRR, 20-month EMD and 12-month Production/Installation, and one 4 year Option Period (Production and Installation) for a total of 7 years and 3 months.

  • Overloan Protection Rider Extended No Lapse Guarantee (beyond Basic Period) To Age Period Disability Payment of Specified Premium: Monthly Specified Premium Amount $ Accelerated Death Benefit (For terminal illness) LifeCare Benefit Rider (Please complete LifeCare Benefit Rider, NB5018) LifeCare Benefit Max (LMAX) Extension Rider Other NB5008US (05/2008) Page 1 of 5 VERSION (05/2008) COVERAGE SELECTION continued Choose one product from Coverage Selection section.


More Definitions of Basic Period

Basic Period means the basic effective term of the Agreement as set out in the Agreement header.
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Related to Basic Period

  • CIC Period means the period beginning on the date an event that constitutes a Change in Control occurs and ending on the first anniversary of such date.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Notification Period means a set period of time between the submittal of a Notice of Intent and the beginning of lead - based paint abatement activities (including all on-site worksite preparation).

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Mediation Period shall have the meaning set forth in Section 10.2.

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Limitation Period means any period while any amount remains owing on the Note and interest on such amount calculated at the Floating Rate, plus any fees payable hereunder and deemed to be interest under applicable law, would exceed the Maximum Rate.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Nomination Period means, in respect of a Nomination, the period from the Nomination Start Time to the Nomination End Time;

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • transitional period means the period starting on the commencement date and ending three months after that date.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Use Period means the period commencing on the date that the ABL Agent or an agent acting on its behalf (or an ABL Credit Party acting with the consent of the ABL Agent) commences the liquidation and sale of the ABL Priority Collateral in a manner as provided in Section 3.6 hereof (having theretofore furnished the Controlling Term Agent with an Enforcement Notice) and ending 180 days thereafter. If any stay or other order that prohibits any of the ABL Agent, the other ABL Secured Parties or any ABL Credit Party (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or from liquidating and selling the ABL Priority Collateral has been entered by a court of competent jurisdiction, such 180-day period shall be tolled during the pendency of any such stay or other order and the Use Period shall be so extended.

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Extended benefit period means a period which:

  • Remediation Period has the meaning specified in Section 8.2(a);