Purchase Obligation Price definition

Purchase Obligation Price means the aggregate of:
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Purchase Obligation Price means the amount due and payable by the Charterers to the Owners pursuant to Clause 54 (Purchase Option and early termination, purchase obligation and transfer of title), being the aggregate of:
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Purchase Obligation Price means an amount equal to $98,000,000, less the amount of any prepayments of the Notional Rent Outstanding.
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Examples of Purchase Obligation Price in a sentence

  • Subject to the other provisions of this Charter, the Charterers shall be obliged to purchase the Vessel or cause their nominee to purchase the Vessel upon the expiration of the period of one hundred and twenty (120) months commencing from the Actual Delivery Date by payment of the Purchase Obligation Price.

  • If no Total Loss has occurred, the Charterer shall be obliged to purchase the Vessel on the Expiry Date by payment of the Purchase Obligation Price.

  • The Seller undertake that they will procure the mortgage over the Vessel is discharged and deregistered within [●] Banking Days after receiving the payment of the [Purchase Obligation Price] / [Purchase Option Price].

  • Any charge from the Buyer’s bank including intermediate bank(s), if any, incurred for remitting the [Purchase Obligation Price] / [Purchase Option Price] shall be for the Buyer’s account and any charge from the Seller’s bank, including intermediate bank(s), if any, incurred in receiving the [Purchase Obligation Price] / [Purchase Option Price] shall be for the Seller’s account.

  • The Charterer shall purchase the Vessel from the Owner for the Purchase Obligation Price on the final Payment Date.


More Definitions of Purchase Obligation Price

Purchase Obligation Price. [“Purchase Option Price”] has the meaning given to that term under the Bareboat Charter.
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Purchase Obligation Price means an amount equal to forty per cent. (40%) of the Net Purchase Price;
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Purchase Obligation Price means at any relevant time the Outstanding Principal …
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Purchase Obligation Price in clause 1.1 of the Common Terms Agreement and replacing it with the following new definition: “Purchase Obligation Price” means an amount equal to the Balloon.”
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Purchase Obligation Price means an amount equal to the Balloon.”
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Purchase Obligation Price means an aggregate amount equal to:
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Purchase Obligation Price means an amount equal to USD 5,400,000 (United States Dollars Five Million Four Hundred Thousand) as may be adjusted from time to time in accordance with clause 36 of this Charter.
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