Common use of Continuation of Lease Period Clause in Contracts

Continuation of Lease Period. The Lessee shall continue to pay Rental on the days and in the amounts required under this Lease notwithstanding that the Ship shall become a Total Loss, or if for any reason the Lessee shall be permanently deprived of her use prior to the end of the Lease Period, provided always that no further instalments of Rental shall become due and payable after the date on which all sums due under clause 22.2.1 shall have been paid in full and the Lease Period shall terminate on the date of such final payment.

Appears in 5 contracts

Samples: Dated April 2003 (Golar LNG LTD), April 2003 (Golar LNG LTD), Dated April (Golar LNG LTD)

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