Hire Payment Date definition

Hire Payment Date means a date on which payment of Hire is due under this Charter, as such date is established pursuant to section 8.2.
Sample 1Sample 2Sample 3
Hire Payment Date means the last day of each and any Hire Period, it being understood that there are altogether twenty-eight (28) Hire Payment Dates in the Agreed Charter Period.
Sample 1Sample 2Sample 3
Hire Payment Date means, as the context may require:
Sample 1Sample 2Sample 3

Examples of Hire Payment Date in a sentence

  • On the other hand, the language in the above-quoted provision states that the ERV as of March 15, 2008, should be discounted at a specified rate to obtain the present value as of the Hire Payment Date in question during the Renewal Term, which, under the facts of this case, was March 15, 2006.

  • The language of Section 18(a) directly at issue is the following:the present value as of such [Hire Payment] Date [March 15, 2006] of .

  • Rowan asserts this insurance must be in an amount at least equal to Stipulated Loss Value as of the last Hire Payment Date; however, under the Owners’ construction, Stipulated Loss Value would include one component consisting of ERV as of March 15, 2008, as determined by the Appraisal Procedure.

  • Moreover, under the Owners’ model, it cannot be determined if or when Rowan breached the contract by under-insuring.C. Calculation of Amount Owed by RowanThe amount Rowan owed in the Event of Loss is set forth in Section 12(a) of the Charter: on the next succeeding Hire Payment Date 60 days after the Loss, Rowan was required to pay to Wilmington, as the Owner Trustee, an amount equal to the sum of the Basic Hire due on that date and Stipulated Loss Value.

  • Owner Trustee an amount equal to the sum of (i) Stipulated Loss Value calculated as of such Hire Payment Date, (ii) .

  • Basic Hire due and payable on such Hire Payment Date and (iii) any other Hire then due and payable.(emphasis added).

  • It follows that the Seventh Charterer shall make repayment to the Seventh Owner for such financing by paying Fixed Hire (analogous to repayment of principal) and Variable Hire (analogous to repayment of interests) on each Hire Payment Date.


More Definitions of Hire Payment Date

Hire Payment Date means in respect of any Hire Payment, each Banking Day on which the Sub-Lessee receives a payment of Earnings under the Enterprise Contract;
Sample 1Sample 2
Hire Payment Date means the date on which a payment in respect of Hire falls due under clause 13.3;
Sample 1
Hire Payment Date has the meaning given to such term in the Bareboat Charter.
Sample 1
Hire Payment Date means (i) the last day of each applicable Variable Hire Period (and, if such Variable Hire Period shall exceed three months, also on the date occurring three months after the commencement of such Variable Hire Period) and (ii) the last day of the Basic Term and, if applicable, the last day of each Additional Term; provided, however, that during any ABR Period. "Hire Payment Date" shall also mean the last day of March, June, September and December, or, if any such day is not a Business Day, the next succeeding Business Day.
Sample 1
Hire Payment Date shall also mean the last day of March, June, September and December, or, if any such day is not a Business Day, the next succeeding Business Day.
Sample 1

Related to Hire Payment Date

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

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

  • 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.

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

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

  • 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.

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

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

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

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

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

  • Termination Payment Date means the earlier of the first Distribution Date following the liquidation or sale of the Receivables as a result of an Insolvency Event and the occurrence of the Scheduled Series 1995-1 Termination Date.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

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

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • 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.

  • First Payment Date shall have the meaning set forth in Section 5(b)(ii).

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

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

  • Payment Date means, with respect to each Collection Period, the 22nd day of the calendar month following the end of that Collection Period, or, if such day is not a Business Day, the next Business Day, commencing on April 23, 2012.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Last Payment Date means the date for the last payment shown in the Registered Mortgage.

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