Charter Payment definition

Charter Payment shall have the meaning set forth in Section 3.4.
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Examples of Charter Payment in a sentence

  • Minimum Charter Payment - Upon ratification, two (2) hours for two way, one (1) hour for one way.

  • The Charterer shall pay to the Shipowner, as ----------------- Base Charter Hire for the Vessel, thirty-six (36) consecutive semi-annual installments of Base Charter Hire on the Base Charter Payment Dates during the Base Charter Term.

  • The Charter Payment shall be calculated on a quarterly basis and shall be payable within 30 days of each such quarter.

  • Each payment of Base Charter Hire during the Base Charter Term shall be in an amount equal to the product of the Total Vessel Cost multiplied by the percentage set forth opposite the applicable Base Charter Payment Date on Schedule 1 hereto (as such Schedule 1 shall be adjusted pursuant to Section 2.12 of the Participation Agreement).

Related to Charter Payment

  • Charter Period means such part of the period of the Charter as falls within the Security Period or, in the event of expiration or determination of the period of the Charter prior to the expiration of the Security Period, the period down to the expiration or determination of the period of the Charter;

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • Guarantor Payment as defined in Section 5.11.3.

  • Charter Capital means the amount of capital contributed by all Shareholders and mentioned in Article 5 of this Charter.

  • Charter contract or "contract" means a fixed-term, renewable contract