Termination Credit definition

Termination Credit means the sum which is the net present value of the difference between (a) the Charter Hire payable under this Charter for the Termination Credit Period and (b) the market rate of hire for a replacement bareboat charter on similar terms as this Charter (determined by an Approved Valuer) for the Termination Credit Period PROVIDED that such sum shall not exceed the Termination Purchase Amount (for the avoidance of doubt without deduction of a Reduction Amount).
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Termination Credit means the amount detailed on the Customer Requirements Form for Termination Charges;
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Termination Credit means the subsidy fund provided by the Company to the Customer in respect of the Contract Buy-out;
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Examples of Termination Credit in a sentence

  • We may reduce the schedule of Termination Credit Percentages, and even reduce such percentages to zero, but not until at least 30 days after we have sent you revised Policy Specifications pages that show the reduced Termination Credit Percentages.

  • The initial Termination Credit Percentage schedule is shown in the Policy Specifications.

  • Any such reduced schedule of Termination Credit Percentages will apply uniformly to all members of the same Class.

  • Termination Credit Percentage – The Termination Credit Percentage is used to calculate the Termination Credit.

  • Termination Credit Charge – The Termination Credit Charge is shown in the Policy Specifications, and continues until the end of the Termination Credit Charge Period shown in the Policy Specifications.

  • Termination Credit – The Termination Credit equals the sum of Termination Credit Part 1 plus Termination Credit Part 2, unless the Termination Credit Part 1 is zero, in which case the Termination Credit Part 2 will also be zero.

  • If the insured dies during the grace period, the death benefit proceeds (which include any Indexed Termination Credit) will equal the amount of the death benefit immediately prior to the commencement of the grace period, reduced by any unpaid monthly deductions and charges due and any Total Policy Debt.

  • The final step of the cumulative effects assessment process is considered the establishment of threshold levels for the habitat effectiveness and mortality risk index (USDA Forest Service 1990) and habitat fragmentation.

  • Termination Credit Basis – The Termination Credit Basis is an amount used to calculate the Termination Credit and is the dollar amount to which the percentage previously described is applied.

  • Purchase of Termination Credit Certain members subject to a reduction-in-force are eligible to purchase termination credit.

Related to Termination Credit

  • Commitment Termination Date means the earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.