Initial Charter Period definition

Initial Charter Period means for any Initial Charter the period from the date of commencement of such Initial Charter to the expiration or earlier termination of such Initial Charter pursuant to the terms and conditions thereof.
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Initial Charter Period means a period of ten (10) years commencing on the Delivery Date.
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Initial Charter Period is defined in Clause 3.1.
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Examples of Initial Charter Period in a sentence

  • The fee will be payable by each Vessel Owning Company throughout the Initial Charter Period (as defined in the Time Charter) at all times regardless of any off-hire period under the respective Time Charter.

  • Charterer shall accept and pay for all bunkers and marine gas oil on board at the time of Delivery and, on Redelivery (whether it occurs at the end of the Initial Charter Period, any extension period, or on the earlier termination of this Charter), Owner shall accept and pay for all bunkers and marine gas oil remaining on board, at the price paid at the Vessel’s last place of supply before Delivery or Redelivery, as the case may be.

  • Any time during which the Vessel is off-Hire for Scheduled Drydocking shall be added to the Initial Charter Period.

  • In respect of each extension period exercised by Charterer pursuant to Clause 6(m) of the Charter, the Fixed Element shall be equal to an amount in United States Dollars which is ***** percent (*****%) of the Fixed Element payable for the Initial Charter Period.

  • Any such requisition period shall count as part of the Initial Charter Period or the applicable extension period, if any, as the case may be.

  • The Optional Element shall be calculated by distributing the relevant costs incurred (to the extent not already paid by Charterer, at Charterer’s option, as a lump sum payment in accordance with paragraph 1.3 of this Schedule III over the remaining Initial Charter Period, plus any extension period if such has been declared, on an annuity basis at an interest rate equal to a swap rate plus *****%.

  • Any necessary adjustment to hire under this Clause 27 after this Charter terminates (whether such termination is in respect of the Initial Charter Period or an extension period), shall be made promptly after such termination by payment by Owner to Charterer or by Charterer to Owner as the case may require.

  • If costs of the Modifications to the Vessel increase or decrease due to a modification in the Specifications requested by Charterer, Owner and Charterer shall consult and agree on an appropriate adjustment to the Daily Hire during the Initial Charter Period.

  • The Initial Charter Period shall commence from the Handover Date of the FPSO to JX Nippon (which was stipulated as 30 June 2016 in the JX Nippon Contract), and expire on 17 November 2023, corresponding to a period of 88 months and 18 days.

  • In the event that a change in the Cable Act would allow the City to increase the Franchise Fee above five percent (5%), the City shall hold a public hearing and determine if the City should collect the additional amount.


More Definitions of Initial Charter Period

Initial Charter Period has the meaning set out in Clause 5(a).
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Initial Charter Period has the meaning given to it in Clause 9.15;
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Initial Charter Period means for any Initial Charter the period
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Related to Initial Charter Period

  • 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;

  • Winter Period means the period in each year commencing on 1 June and ending on 30 October;

  • Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”

  • Certificate of Final Completion means the certificate issued by A/E that documents, to the best of A/E’s knowledge and understanding, Contractor’s completion of all Contractor’s Punchlist items and pre-final Punchlist items, final cleanup and Contractor’s provision of Record Documents, operations and maintenance manuals, and all other closeout documents required by the Contract Documents.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Air charter service means an air carrier operation which requires the customer to

  • Construction Completion Date means the Completion Date of the Construction as specified in the Statutory Declaration of Completion for the Project;

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Construction Start Date means the later to occur of the date on which Seller delivers to Buyer (a) a copy of the Notice to Proceed that Seller has delivered to the EPC Contractor for the Project, and (b) a written Certification substantially in the form attached hereto as Appendix IV-1.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Summer Period means the June, July, August, and September billing months. “Winter Period” means the December, January, February, and March billing months. “Transition Period” means the April, May, October, and November billing months.

  • Commissioning Period has the meaning set forth in Attachment T.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Ramp Period The Ramp Period begins on the Effective Date and ends after three (3) full months. At all times during the Ramp period, Customer will receive the rates, discounts, charges and credits in the agreement and will not be subject to an AVC. Annual Volume Commitment (“AVC”): Customer agrees to pay Company no less than $2,836,000 in Total Service Charges in each twelve-month period during the Initial Term (“Contract Year”), which is the Annual Volume Commitment (“AVC”).

  • Certificate of Completion means the certificate of completion given by the Engineer-in- charge pursuant to clause 40 of these conditions;

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Interim Period has the meaning specified in Section 6.1.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Certificate of inspection means an unsworn statement,

  • Prior Period With respect to any Distribution Date, the calendar month immediately preceding such Distribution Date.

  • Cover Period means the period from the cover start date to the cover end date.

  • Construction and Demolition Debris means and includes: