Supplemental Charter definition
Examples of Supplemental Charter in a sentence
On the date of any such redemption, conversion or exchange, the Depositary shall surrender the certificate or certificates held by the Depositary evidencing the number of shares of Stock to be redeemed, converted or exchanged in the manner specified in the notice of redemption, conversion or exchange of Stock provided by the Company pursuant to the Supplemental Charter.
All payments of Supplemental Charter Hire payable to any Person other than the Shipowner pursuant to any Operative Document shall be paid directly to such Person as provided in such Operative Document.
Unless and until this Charter is terminated pursuant to Section 11, this Charter shall nevertheless continue in effect for the duration of the Charter Term, and the Charterer will continue to pay Base Charter Hire and Supplemental Charter Hire without interruption or abatement and shall remain liable for all other obligations under this Charter, other than those obligations the performance of which cannot be performed by reason of such requisition of use.
In addition to the amounts required by the first or second sentence hereof, the Charterer shall pay the Shipowner all Base Charter Hire due and owing to such date of purchase (but excluding any Base Charter Hire payable in advance on such date of purchase) and Supplemental Charter Hire due and owing on or prior to such date of purchase.
The foregoing shall be subject further to the terms and conditions of the Supplemental Charter.
Any such notice shall also be published in the same manner as notices of redemption, conversion or exchange of the Stock are required to be published pursuant to the Supplemental Charter.
Without in any way limiting the provisions hereof, when any of the Special LAC Shares are issued, all of the rights of the Series 1 Nominees set out in this Supplemental Charter shall be attributed to and exercisable by the Special LAC Share nominees in place of the Series 1 Nominees.
Subject to Section 16(a), all payments of Base ----------------- Charter Hire, Supplemental Charter Hire, and Renewal Hire payable to the Shipowner shall be paid to the Shipowner's account specified in Schedule 1 to the Participation Agreement or to such other account at such other place in the United States of America as the Shipowner shall specify in writing to the Charterer at least five (5) Business Days prior to the due date thereof.
The provisions of this Supplemental Charter shall terminate and be of no further force or effect as of the earliest date such provisions may terminate without the Corporation being in breach of its obligations under the Credit Agreement.
The amount of such cure payments and the amount of all reasonable costs and expenses (including, without limitation, reasonable attorneys' and other professionals' fees and expenses) incurred in connection with such cure payments, together with interest thereon (to the extent permitted by applicable law) at the Overdue Rate, shall be deemed Supplemental Charter Hire payable by the Charterer upon demand.