Original Period definition
Examples of Original Period in a sentence
Notwithstanding the foregoing, the final expiration of the Term (whether it takes place at the end of the Original Period or the Extension Period) shall take place upon redelivery of the Vessel to Owner.
The period of this Charter shall be for five (5) years (hereinafter the "Original Period") from the date of delivery as hereinafter provided.
Since the Hire Rate under this Charter does not contemplate the replacement of vaporizer(s) during the Original Period, in the event a vaporizer fails, Owner and Charterer shall carry out a joint survey to determine the reason for failure of the vaporizer.
Upon the conclusion of the Original Period, this Agreement shall continue for successive one (1) year periods (each a “Renewal Period”) unless the Company or Employee has given written notice to the other party, at least sixty (60) days prior to the beginning of any such Renewal Period, that such party does not wish to continue the Agreement for such Renewal Period.
In the event Charterer does not purchase the Vessel pursuant to Article 19 hereof, upon termination of the Charter prior to the expiration of the Original Period, the Charterer shall, at its expense redeliver the Vessel ("Redelivery") (unless lost or declared a constructive total loss) to the Owner at any port identified by Owner provided such port is at or within one hundred (100) nautical miles of the Port of Palm Beach, Florida, or such other port mutually agreed upon.
Company hereby engages and employs Artist's exclusive personal services and endeavors in connection with the production of sound recordings for an Original Period as shown in Exhibit A, commencing as of the below date: and Artist accepts the engagement and employment.
If this Charter is so terminated, the provisions of this Section 47.4 shall survive such termination until such date as the Original Period or any Extension Period would have expired absent such termination.
The Ship Longevity Study shall include a review of the records of the Vessel and a physical inspection of the Vessel for the purpose of ascertaining the useful life of the Vessel and such works as may be required to be undertaken in respect of the Vessel in order to enable the Vessel to continue in service under this Charter (including as an LNGRV) for up to a ***** year period following the Original Period.
Charterers shall have the option to extend this charter for up to three (3) one (1) year periods (“Extension Period”) upon at least 90 days notice in writing to Owners prior to the expiry of the Original Period or of any Extension Period (as the case may be).
The term of the Loan shall be a period of one (1) year commencing October 2, 1995 and ending October 2, 1996, subject to renewal for an additional term of one (1) year upon not less than sixty (60) days written notice prior to the expiration of the Original Period from Borrower to Lender of its intention to renew the Loan.