Hire Rate definition

Hire Rate means the rate at which Hire is payable under this Charter as established pursuant to Article 8 and Schedule III.

Hire Rate means the amount You must pay for Hire, as set out in the Hire Schedule. A daily Hire Rate is based on the Plant and Equipment being hired for a maximum of 8 hours per day. An hourly Hire Rate is applicable to Wet Hire only.

Hire Rate means: 1.3.1 for time when the FM Rate is payable under Clause 25.2(b) of the agreement to which this document is appended and of which it forms part, the FM Rate; and 1.3.2 for all other times, the Full Hire Rate;

Examples of Hire Rate in a sentence

• If said period was not served in its entirety, the employee will be rehired/reinstated at the Hire Rate and serve the balance of the training period before moving to the Working Rate of the job title.

• If the training period for the former position was not served, the employee will return to the Hire Rate for that position and complete the training period before moving to Working Rate.

• If the Hire Rate of pay for the new position is less than the Work Rate of pay of the previous position held, the employee will receive the Work Rate of pay of the previous position held, plus an additional 2% during the training period.

• The compensation due from Owner to Charterer as a result of the Vessel or Owner not meeting the applicable ordered discharge rate specified in Schedule I of this Charter shall be the amount calculated as follows: ***** where: RPH = the hourly time charter rate, calculated as the average Hire Rate during the relevant Performance Period, divided by 24 hours.

• The compensation due from Owner to Charterer as a result of the Vessel or Owner not meeting the guaranteed discharge time specified in Schedule I of this Charter shall be the amount calculated as follows : ***** where: RPH = the hourly time charter rate, calculated as the average Hire Rate during the relevant Performance Period, divided by 24 hours.

More Definitions of Hire Rate

Hire Rate has the meaning given to that expression in Schedule 6.

Hire Rate means the amount as set out in the Hire Schedule.

Hire Rate means the amount specified in the Hire Schedule payable by the Customer to hire the Equipment based on an average of 40 hours per week with a minimum hire period stated in the Hire Schedule with any additional hours being charged on a pro-rata basis. Hire Period means the period from the Commencement Date until the conclusion of the hire as specified in the Hire Schedule or the date upon which the Equipment is returned to the Owner, whichever the later. The Owner may issue and require the Customer to sign an amended Hire Schedule for any extension of the Hire Period. Hire Schedule means the document that specifies the Equipment to be hired, the Hire Period, the Hire Rate and other details relating to the hire of the Equipment. LTD Waiver Has the meaning set out in clause 13 Owner means Project Dry Hire Pty Ltd ABN 24 145 636 264 and any subsidiary company, business successor, subcontractor or assignee. Personnel, in relation to a party, means the party’s officers, office-holders, employees, agents and contractors. Site means the location specified in the Hire Schedule that the Equipment will be located for the duration of the Hire Period.

Hire Rate. Means the fee applied to organisations or individuals who wish to hire Doncaster Playhouse.

Hire Rate means the rate at which Hire is paid under this Charter as established pursuant to Article 8 and Schedule III.

Hire Rate. Zero Hire but without prejudice to XX0 Xxxx Inc’s obligation to pay distributions to the Disponent Owner in accordance with clause 8 of the Pool Agreement for the Vessel.

Hire Rate means the additional daily charge if the customer exceeds the Hire Term;