Basic Period definition

Basic Period means the period beginning on the Vessel Delivery Date and ending at 11:59 P.M. (New York City time) on the day immediately preceding the 12 year anniversary of the Vessel Delivery Date.
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Basic Period means the period for which the Vessel is chartered as provided in Section 2(a) of the Charter, beginning on the Basic Period Commencement Date and ending at 11:59 P.M. (New York City time) on the eighteenth anniversary of the Basic Period Commencement Date.
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Basic Period means weekdays (Monday – Friday) 08.00 – 16.00 (17.00 in Sweden) CET. For public holidays in Sweden and/or Norway, the base period may be reduced.
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Examples of Basic Period in a sentence

  • The Charterer agrees to pay, to the extent not paid by the Owner Trustee pursuant to Section 3(b)(i) of the Participation Agreement, Interim Hire for the Interim Period in a single installment due on the Basic Period Commencement Date in an amount equal to the aggregate amount of interest accrued but unpaid to such date on the Notes.

  • In the event of a partial taking which does not effect a termination of this Lease but does deprive Lessee of the use of a portion of the Premises, there shall either be an abatement or an equitable reduction of the Fixed Basic Rent, and an equitable adjustment reducing the Basic Period Costs as hereinafter defined depending on the period for which and the extent to which the Premises so taken are not reasonably usable for the purpose for which they are leased hereunder.

  • If and to the extent that the Indenture Trustee on the first day of the Basic Period shall not have received funds for the payment in full of the amounts then due on the Notes, the Charterer shall pay on such date all or such portion of the Interim Hire as shall remain unpaid.

  • Upon the terms and conditions set forth in this Charter, the Owner Trustee hereby lets and demises, and the Charterer hereby hires, the Vessel for the Interim Period and the Basic Period.

  • EXTENDED TERM 4: Annual Basic Period Rent -------- -------------------------------------------------------------- Year 1-5 For each year during Extended Term 4, the greater of (x) Fair Market Basic Rent (as defined and determined below) per annum for such Extended Term 4 or (y) the Basic Rent per annum payable during last year of Extended Term 3.

  • In doing so it has factored in public holiday loadings into its Basic Period Rate of Pay.

  • Any work that is rostered or allocated on a Public Holiday will therefore be paid at the Basic Period Rate of Pay plus any casual loading that may also be applicable.

  • The Owner Trustee agrees to give notice to the Charterer and the Indenture Trustee at least five Business Days prior to the first day of the Basic Period if SEA-LAND ENTERPRISE the funds for the payment required to be made by the Owner Participant pursuant to Section 3(b)(i) of the Participation Agreement will not be paid by the Owner Trustee to the Indenture Trustee in an amount equal to the amount required pursuant to Section 3(b)(i) of the Participation Agreement.

  • The Owner Trustee agrees to give notice to the Charterer and the Indenture Trustee at least five Business Days prior to the first day of the Basic Period if SEA-LAND PACIFIC the funds for the payment required to be made by the Owner Participant pursuant to Section 3(b)(i) of the Participation Agreement will not be paid by the Owner Trustee to the Indenture Trustee in an amount equal to the amount required pursuant to Section 3(b)(i) of the Participation Agreement.


More Definitions of Basic Period

Basic Period means the initial subscription term for which the Agreement is concluded (e.g., twelve (12), twenty-four (24), or thirty-six (36) months).
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Related to Basic Period

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.