Supplemental Hire definition

Supplemental Hire means any and all amounts (other than Basic Hire) that the Charterer assumes the obligation to pay or agrees to pay under this Charter to the Owner, including amounts payable as indemnity payments and payment(s) of EBO Price and purchase price under this Charter.

Supplemental Hire means all amounts at any time payable to Shipowner under or pursuant to the terms of each Demise Charter other than Basic Hire, including, without limitation, interest on late payments, payments on accounts of indemnities, legal fees, expenses of investigation, out-of-pocket expenses, the fees and expenses of the Trust Company, and all other amounts of whatsoever kind and nature payable under, pursuant to, or by reason of each Demise Charter or any provision thereof, but excluding Basic Hire.

Supplemental Hire means (i) any and all amounts, liabilities ----------------- and obligations (other than Bareboat Hire) which the Charterer assumes or agrees to pay to or on behalf of the Owner Trust, the Owner Participant, the Trust Company, the Resident Trustee, the Pass Through Trustee, the Loan Participant or the Indenture Trustee under any Operative Document, including, without limitation, any payments of indemnification or Termination Value or Premium and (ii) any amounts which are expressed in the Indenture to be payable at the Charterer's expense.

Examples of Supplemental Hire in a sentence

• During the Charter Period, Charterer agrees to pay to Shipowner Supplemental Hire within ten (10) Business Days after demand therefor.

• All Supplemental Hire payable to any Person other than Owner pursuant to any Operative Document shall be paid directly to such Person as provided in such Operative Document.

• As part of Supplemental Hire hereunder, Charterer shall pay the Make-Whole Amount, if any, payable upon any redemption of the Secured Notes under the Indenture as and when such Make-Whole Amount is due, provided -------- that Charterer shall not be required to pay any Make-Whole Amount in respect of the redemption or purchase of the Secured Notes pursuant to Section 3.06 of the Indenture.

• Subject to Article 20(b), all Bareboat Hire ----------------- and Supplemental Hire payable to Owner shall be paid to the Owner's account specified in Schedule 1 to the Participation Agreement or to such other Person or account at such other place as Owner shall specify in writing to the Charterer at least five Business Days prior to the due date thereof.

• Charterer shall pay to Owner, for its own ----------------- account, or to the Person entitled thereto, as provided herein or in any other Operative Document, any and all Supplemental Hire promptly as the same shall become due and payable.

More Definitions of Supplemental Hire

Supplemental Hire means any and all amounts, liabilities and obligations other than Basic Hire that the Charterer assumes or agrees to pay hereunder to the Owner, including, without limitation, Stipulated Loss Value and indemnity payments.

Supplemental Hire shall include all fees, costs and expenses and other amounts payable by Deepwater during the Base Charter Term to the Charter Trustee under the Deepwater Hedging Agreements.

Supplemental Hire means all amounts, liabilities and obligations (other ------------------ than Basic Hire) which Deepwater assumes, agrees or is otherwise obligated to pay to the Charter Trustee, the Investment Trust, any Funding Participant or any other Person under, and subject to, the Charter or any of the other Transaction Documents, including breakage costs, indemnities, damages and expenses. "Supplemental Hire" shall include all fees, costs and expenses and other amounts payable by Deepwater during the Base Charter Term to the Charter Trustee under the Deepwater Hedging Agreements.

Supplemental Hire means (a) all amounts, liabilities and obligations which the Obligor assumes or agrees to pay hereunder to the Obligee or others, including, without limitation, payments of Casualty Loss Value, EBO Purchase Option Amount, End of Tenn Purchase Option Amount, any amounts due under Section 23, LIBOR break costs and any indemnities that may become payable by the Obligor hereunder, but excluding Basic Hire, (b) all commitment fees payable to the Lenders by the Obligee pursuant to Section 2.6 of the Loan Agreement and (c) all commitment fees payable to the Class I Certificate holders pursuant to Section 4.8 of the Trust Agreement.

Supplemental Hire means fifty percent (50%) of the difference between (i) Net Operating Margin, less (ii) the hire of the Vessel payable pursuant to Clause 7(a) hereof, which shall be calculated in accordance with U.S. generally accepted accounting principles and payable quarterly by the Charterer to the Owner as additional compensation.

Supplemental Hire means (i) Supplemental Hire when due under the Bareboat Charter, (ii) payment obligations to an Indemnitee when due pursuant to Section 16 of this Time Charter, and not already paid to Owner, in which case at either Time Charterer’s or Demise Owner’s election shall be paid directly by Time Charterer to Owner when due, (iii) payments due as a result of an election by Time Charterer under Section 18, (iv) any and all amounts, liabilities, and obligations other than Basic Hire, Management Hire, Charter Hire, and Reimbursement Hire which the Time Charterer assumes or agrees or is otherwise obligated to pay under the Time Charter or any Principal Document to which it is a party to any Person. Supplemental Hire is payable on a hell or high water basis, and no payments to be made by the Time Charterer under this Time Charter during the Charter Period shall be subject to any abatement, reduction, adjustment, right of set off, counterclaim, recoupment or defense due to any present or future claims of the Time Charterer against the Demise Owner under this Time Charter or otherwise or against the Owner or any Indemnitee under any Principal Document or otherwise, due to any lay-up, Tug Replacement Event, Event of Loss, damage, unavailability, repair or other circumstance, including, without being limited to, any Claims as a result of any other business dealings by any Indemnitee, the Demise Owner and/or the Time Charterer; any breach of any covenant, representation or warranty of, or any act or omission of, or breach by the Demise Owner under this Agreement or any other agreement

Supplemental Hire shall have the meaning set forth in Section 9.1(b) hereof.