Steel Cutting Instalment definition

Steel Cutting Instalment means the instalment of the Contract Price of a Vessel payable by the Owner thereof to the Builder on the date of the steel cutting of that Vessel in accordance with the Shipbuilding Contract related to such Vessel and, in the plural, means both of them;
Sample 1Sample 2
Steel Cutting Instalment means, in respect of (i) the Existing Ship, the Contract Instalment of that Ship in the amount of Fifteen million Three hundred Twenty Five thousand Dollars ($15, 325,000) payable by the Existing Owner to the relevant Builder under Clause 2 (c ) of Article X of the Existing Contract and (ii) an Additional Ship or a Substitute Ship, the Contract Instalment payable by the relevant Owner to the relevant Builder on the relevant Steel Cutting Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
Sample 1Sample 2
Steel Cutting Instalment means, in respect of (i) each Existing Ship, the Contract Instalment of that Ship in the amount of Four million Dollars ($4,000,000) payable by the relevant Borrower to the relevant Builder under Clause 2 (b) of Article X of the relevant Existing Contract and (ii) an Additional Ship or a Substitute Ship, the Contract Instalment payable by the relevant Collateral Owner to the relevant Builder on 40 Table of Contents the relevant Steel Cutting Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
Sample 1

Related to Steel Cutting Instalment

  • Balloon Instalment has the meaning given in Clause 8.1;

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).

  • Instalment Date means each date specified as such in the Final Terms.

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Existing installation means an installation, construction of which began prior to the effective date of any regulation having application to it.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Lending Installation means, with respect to a Lender or the Agent, the office, branch, subsidiary or affiliate of such Lender or the Agent listed on the signature pages hereof or on a Schedule or otherwise selected by such Lender or the Agent pursuant to Section 2.17.

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • New installation means an installation, construction of which began after the effective date of any regulation having application to it.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • assessment period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Original container means the container in which a health item was sold, distributed, or dispensed.

  • Principal Prepayment Period The month preceding the month in which the related Remittance Date occurs.

  • Banking Day Financial Centre means the Banking Day Financial Centre as specified in § 1 of the Product and Underlying Data.

  • drainage installation means a system situated on any premises and vested in the owner thereof and is used for or intended to be used for or in connection with the reception, storage, treatment or conveyance of sewage on that premises to the connecting point and includes drains, fittings, appliances, septic tanks, conservancy tanks, pit latrines and private pumping installations forming part of or ancillary to such systems;

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Planned special exposure means an infrequent exposure to radiation, separate from and in addition to the annual occupational dose limits.

  • Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.

  • Permanent radiographic installation means an enclosed shielded room, cell, or vault, not located at a temporary jobsite, in which radiography is performed.

  • Installation Date means the date specified in the Statement of Work by which the Contractor must have the ordered Equipment ready (certified) for use by the State.

  • Child day center means a child day program offered to (i) two or more children under the age of 13 in a facility that is not the residence of the provider or of any of the children in care or (ii) 13 or more children at any location.

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • Loan Year means each period of twelve (12) consecutive months commencing on the Closing Date and on each anniversary thereof.

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;