HIRE PAYMENT Sample Clauses
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HIRE PAYMENT. Notwithstanding the provisions of Clause 9 of the Shelltime 4 form, Charterer shall: (a) not be responsible for any delay or error by Owner’s bank in crediting Owner’s account provided that Charterer has made proper and timely payments; and (b) be responsible for any delay or error caused by Charterer’s bank.
HIRE PAYMENT. All hires under this agreement to be paid 15 days in advance. Although Owners will not openly market the vessels under this agreement prior to their delivery, should Owners receive any attractive proposals from other similar first class Charterers for long term timecharter, Owners to approach Charterers to discuss same and offer them the first refusal to match the particular deal. It is understood that Bunge are not obliged to match any such approach from any other first class Charterers and should they choose not to, then the respective vessel to be removed from this agreement. This contract runs from the 1st January 2006 to 31st December 2010, and it is expected to be continued and developed beyond this. In this respect, a meeting to be arranged at a mutually convenient and suitable time within 2010 to discuss any such extension of this agreement. If agreement cannot be reached, then a suitable redelivery period to agreed for the end of 2010 or early 2011. Otherwise redelivery terms to be as per the present Charter Party. “Owners are allowed to Dry Dock vessel to meet Class and performance requirements. Owners to give Charterers four months notice of their intention to dry dock vessel.” All further terms / conditions as per the current Metrofin /Bunge executed Charter Party dated 21st November, 2005 and Addenda thereto with logical alterations in line with this Block Agreement with Owner’s option to sell any of the vessels and with further Addenda for steel slabs loading, intermediate hold cleaning (petcoke) and blanket Letter of Indemnity Agreement. /s/ /s/ London, 21st November, 2005. CHARTER PARTY DATED 21ST NOVEMBER, 2005. It is this day hereby mutually agreed between METROSTAR MANAGEMENT CORP., of Athens, as Managing Owners and B▇▇▇▇ ▇.▇., of Geneva, as Charterers, that: Bunker Clause: Vessel to be redelivered with about the same quantities as on delivery. Prices both ends on delivery / redelivery which to be as per delivered prices in Japan.
HIRE PAYMENT. The Hirer shall pay the total sums in the amounts and at the times set forth herein below:
HIRE PAYMENT. 3.1 As this is a salary sacrifice scheme, no separate hire payment will be required.
3.2 Your salary sacrifice deduction must not take your gross salary below the National Minimum Wage.
3.3 If at any point during the Hire Period, your salary sacrifice deduction takes your gross salary below the National Minimum Wage, we may, to the extent it is lawful for us to do so:
3.3.1 suspend your salary sacrifice deduction; or
3.3.2 take it from your net rather than your gross salary until your gross salary increases sufficiently which means you will not benefit from any tax exemption during this period
3.4 Your salary sacrifice deduction may affect your statutory and/or occupational benefits (e.g., maternity pay). Please check with us before signing this Agreement if you have any concerns.
3.5 Your salary sacrifice deductions assume that there will no change in the rules relating to the scheme. If there is a change, we may vary the terms of the scheme accordingly.