CHARTER HIRE. Charterer agrees to pay Owner Charter Hire in the total sum of Charter fee prior to taking delivery of the Yacht, receipt of which is hereby acknowledged.
CHARTER HIRE. 38.1 The Charterers shall throughout the Charter Period pay charter hire (“Charter Hire”) to the Owners, calculated at the daily rate of:
CHARTER HIRE. 9.1 The Charterer shall pay to the Owner for the hire of the Vessel, the net bareboat hire (“Charter Hire”) of;
CHARTER HIRE. The Original Owners shall be paid hire by the Charterers in accordance with the Time Charter Party up to the Effective Time. The New Owners shall be paid hire by the Charterers in accordance with the Time Charter Party from the Effective Time. Payment shall be made to the New Owners’ bank account as stated in Box 9. The hire due in respect of the period from the Effective Time up to the date the next instalment of hire falls due under the Time Charter Party shall be paid by the Charterers to the New Owners on or before the Effective Time.
CHARTER HIRE. 6.1 The Charterer shall during the Hire Period pay Charter Hire to the Owner quarterly in arrears on each Payment Date calculated on the number of days which shall elapse during the relevant period.
CHARTER HIRE. (a) Subject to any adjustments required by paragraphs (e) and (f) of this Article 9, the Subcharterer hereby agrees to pay to the order of the Charterer, or to whoever shall be entitled thereto, for each Vessel (i) on each Payment Date during the Basic Period, Basic Hire, payable in semi-annual installments, each in an amount equal to the product of Capitalized Cost for such Vessel multiplied by the percentage listed in Schedule 2 to this Subcharter opposite the relevant Payment Date, (ii) for any Renewal Period pursuant to paragraph (c) of Article 2 of this Subcharter, Basic Hire, payable on such dates and in such amounts as provided in such paragraph (c), and (iii) for any extension of the Charter Period pursuant to paragraph (b) of Article 2, Basic Hire, payable on the date the relevant Vessel shall be delivered by the Subcharterer to the Charterer pursuant to paragraph (d) of Article 2, in an amount for each day of such extension equal to 1/182nd of the average of the Basic Hire for such Vessel paid on Payment Dates throughout the Basic Period or Renewal Period, as the case may be, prior to such extension.
CHARTER HIRE. 3.1 - The Sub-Charterer shall pay to Intracoastal Marine, LLC at: Intracoastal Marine, LLC 000 Xxxxxx Xxxx Chesapeake, VA 23324 for the use and hire of the Vessel for and during the whole of the initial Charter Term, Charter Hire in the amount set forth in the Specifications. Such Charter Hire shall be paid monthly in advance and payable commencing with the first day of the first month following delivery of the Vessel.
CHARTER HIRE. During the Charter Term the Charterer shall pay the Owner hire (“Charter Hire”) calculated in accordance with the following formula which shall be payable at the end of each calendar month in accordance with Appendix 1: Charter Hire = [*] Note: Stipulated Value shall have an initial value of [*] and shall, for the purpose of calculating Charter Hire throughout the Charter Term, be reducing monthly at the rate of [*]. All Charter Hire payments shall be made by wire transfer to such account as the Owner may from time to time direct. For the avoidance of doubt, Appendix 1 shall govern and control all payment s made hereunder.
CHARTER HIRE. Clause 63 of the Addendum to the Charter is hereby amended by deleting the language contained therein and substituting the following language in its place: Commencing as of May 1, 1998, the Charterer shall pay to the Owner the sum of [*]. Such amount will constitute prepayment of drydock hire and prepayment of Charter hire through May 29, 1998. Subsequent payments to be paid in advance on a [*] basis in the amount of [*] beginning on May 15, 1998. Upon confirmation by Charterer that the Flag and Class Repairs have been completed and release of the Vessel from the drydock shipyard, the Charterer shall also pay the shipyard the sum of [*] toward the Flag and Class Repairs. Notwithstanding the foregoing, the Charterer and the Owner will use their reasonable best efforts to obtain the best payment terms from the drydock shipyard, and if the shipyard agrees to accept some or all of the payment for the Flag and Class Repairs after the release of the Vessel from drydock, then Charterer shall pay the shipyard its pro rata portion of each payment due the shipyard, as and when required by the shipyard, based on the ratio of [*] divided by the total amount due the shipyard for the Flag and Class Repairs.
CHARTER HIRE. (ii) Monthly Variable Hire is calculated from the number of the days in any relevant month, and daily variable hire in accordance with the following formula: Monthly Variable Hire = Daily Variable Hire x the number of the days in the relevant month Daily Variable Hire = Charter Principal Balance x (2.11448% + one (1) month CME TERM SOFR as applicable for the month in respect of which such Daily Variable Hire is to be calculated) / 360 Applicable one (1) month CME TERM SOFR to be confirmed fourteen (14) Banking Days prior to hire due date. The Owners shall notify the Charterers in writing of the Monthly Variable Hire due on any due date for hire by sending to the Charterers a duly issued invoice for that Monthly Variable Hire and Monthly Fixed Hire at least four (4) Banking Days before such due date. Charter Principal Balance means US$33,000,000.- less the aggregate Monthly Fixed Hire as has at any relevant time been paid to the Owners for Vessel. Should the CME TERM SOFR fail to negative interest rate, zero (0) is to be applied as CME TERM SOFR.
