Charter Rate Sample Clauses

The Charter Rate clause defines the agreed-upon daily or periodic payment that the charterer must pay to the shipowner for the use of a vessel. This rate typically covers the hire of the ship and may include or exclude certain operational costs, depending on the charter party terms. For example, in a time charter, the charter rate is paid per day for the duration of the charter, while in a voyage charter, it may be calculated per ton of cargo carried. The core function of this clause is to establish a clear and enforceable payment structure, ensuring both parties understand the financial terms of the charter and reducing the risk of disputes over compensation.
Charter Rate. The parties agree to have the charter rate for multi-day charters apply to single day charter work of four (4) hours duration or more, excepting those charters performed between Greater Vancouver and Greater Victoria. Such charters must be signed on the overnight sheet. (See Letter of Agreement #3).
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Charter Rate. The Charter Rate is to include but may not be limited to the operator’s operational costs resulting from the provision of service. See Worksheet G - Agreement - Schedule F – Rates.
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Charter Rate. The first sentence of section 3(a) is hereby deleted in its entirety and replaced with the following: “Customer shall be entitled to One Hundred Fifty (150) charter hours of flight time on the Aircraft per year during each twelve month period of the Term of this Agreement.” The second sentence of Section 3(a) of the Agreement is hereby deleted in its entirety and replaced with the following: “Customer shall pay a charter rate of Six Thousand United States Dollars (US$6,000.00) per charter hour on the Aircraft (the “Charter Rate”).”
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Charter Rate. Customer shall be entitled to One Hundred Fifty (150) charter hours of flight time on the Aircraft per year during each twelve month period of the Term of this Agreement beginning on the date hereof. Customer shall pay a charter rate of Six Thousand United States Dollars (US$6,000.00) per charter hour on the Aircraft (the “Charter Rate”). The number of charter hours shall be computed in hours and tenths of hours from the time of Aircraft liftoff at the departure point to the time of Aircraft touchdown at the arrival airport. If any charter flight for Customer involves positioning or repositioning of the Aircraft, the number of charter hours required for such positioning flights shall be included in the number of charter hours utilized and payable by Customer at the Charter Rate.
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Charter Rate. Effective May per hour Effective May per hour Ministry of Transport Medical The Company shall reimburse an employee against receipt, fifty percent (50%) of the costs of a required Ministry of Transport medical to a maximum of fifty dollars ($50.00) not more often than once every three (3) years.
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Charter Rate. The first two sentences of Section 3(a) are hereby deleted in their entirety and replaced with the following: “Effective as of January 1, 2006, ProFlite shall make the Aircraft available to Customer for a minimum of One Hundred Fifty (150) charter hours of flight time per year during each twelve month period of the Term of this Agreement.” “Effective as of January 1, 2006, Customer shall pay a charter rate of Eight Thousand United States Dollars (US$8,000.00) per charter hour of Customer’s use of the Aircraft (the “Charter Rate”) computed in accordance with this Section 3(a).”
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Charter Rate. Effective September per hour Effective September-I, per hour Effective September per hour
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Charter Rate. Effective May per hour Effective August per hour Ministry of Transport Medical The Company shall reimburse an employee against receipt, fifty percent of the costs of a required Ministry of Transport medical to a maximum of fifty dollars ($50.00)not more often than once every three (3) years. The Company shall reimburse drivers over sixty five (65) years of age against receipt, fifty (50%) percent of the costs of a Ministry of Transport medical to a maximum of fifty ($50) dollars not more than once every one year. Drivers are expected to maintain a tank fuel level, this requirement is especially important in the winter months due to safety and proper vehicle operating requirements. Refer to Special Work Rate for payment of fuelling.
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Related to Charter Rate

  • Federal Funds Open Rate Notes If the Interest Rate Basis is the Federal Funds Open Rate, this Note shall be deemed a “Federal Funds Open Rate Note.” Unless otherwise specified on the face hereof, “Federal Funds Open Rate” means the rate set forth on Moneyline Telerate (or any successor service) on page 5 (or any other page as may replace the specified page on that service) for an Interest Determination Date underneath the caption “FEDERAL FUNDS” in the row titled “OPEN”. If the rate is not available for an Interest Determination Date, the rate for that Interest Determination Date shall be the Federal Funds Rate as determined below.

  • Interest Rate Basis Interest on this Note will be determined by reference to the applicable Interest Rate Basis or Interest Rate Bases, which may, as described below, include the CD Rate, the CMT Rate, the Commercial Paper Rate, the Constant Maturity Swap Rate, the Federal Funds Open Rate, the Federal Funds Rate, LIBOR, the Prime Rate or the Treasury Rate (each as defined below).

  • Determination of Interest Rate Basis The Calculation Agent shall determine the rate derived from each Interest Rate Basis in accordance with the following provisions.

  • Commercial Paper Rate Notes If the Interest Rate Basis is the Commercial Paper Rate, this Note shall be deemed a “Commercial Paper Rate Note.” Unless otherwise specified on the face hereof, “Commercial Paper Rate” means: (1) the

  • LIBOR Rate (A) Except as provided in subsection (C) below, Revolving Loans shall accrue interest at the LIBOR Rate plus the Applicable Margin. (B) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable Law occurring subsequent to the commencement of the then applicable Interest Period, including changes in tax laws (except changes of general applicability in corporate income tax laws) and changes in the reserve requirements imposed by the Board of Governors of the Federal Reserve System (or any successor), which additional or increased costs would increase the cost of funding loans bearing interest based upon the LIBOR Rate; provided, however, that notwithstanding anything in this Agreement to the contrary, (i) the ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “change in applicable Law”, regardless of the date enacted, adopted or issued. In any such event, the affected Lender shall give Borrowers and Agent notice of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (I) require such Lender to furnish to Borrowers a statement setting forth the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or (II) repay the Loans bearing interest based upon the LIBOR Rate with respect to which such adjustment is made. (C) In the event that any change in market conditions or any law, regulation, treaty, or directive, or any change therein or in the interpretation of application thereof, shall at any time after the date hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain Loans bearing interest based upon the LIBOR Rate or to continue such funding or maintaining, or to determine or charge interest rates at the LIBOR Rate, such Lender shall give notice of such changed circumstances to Agent and Borrowers and Agent promptly shall transmit the notice to each other Lender and (I) in the case of any outstanding Loans of such Lender bearing interest based upon the LIBOR Rate, the date specified in such Lender’s notice shall be deemed to be the last day of the Interest Period of such Loans, and interest upon such Lender’s Loans thereafter shall accrue interest at Base Rate plus the Applicable Margin, and (II) such Loans shall continue to accrue interest at Base Rate plus the Applicable Margin until such Lender determines that it would no longer be unlawful or impractical to maintain such Loans at the LIBOR Rate. (D) Anything to the contrary contained herein notwithstanding, neither Agent nor any Lender is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues based on the LIBOR Rate.