Examples of Supplemental Hire in a sentence
Any delay in payment of Hire shall entitle the Owner to interest at the rate per annum as agreed in Box 24 payable as Supplemental Hire.
All Supplemental Hire payable to any Person other than Owner pursuant to any Operative Document shall be paid directly to such Person as provided in such Operative Document.
Upon the Charterer receiving notice or obtaining actual knowledge that an Indenture Event of Default shall have occurred and be continuing, Charterer shall make all payments of Hire and Supplemental Hire (other than Excepted Payments) directly to the Indenture Trustee at such account.
Subject to Article 20(b), all Bareboat Hire ----------------- and Supplemental Hire payable to Owner shall be paid to the Owner's account specified in Schedule 1 to the Participation Agreement or to such other Person or account at such other place as Owner shall specify in writing to the Charterer at least five Business Days prior to the due date thereof.
As part of Supplemental Hire hereunder, Charterer shall pay the Make-Whole Amount, if any, payable upon any redemption of the Secured Notes under the Indenture as and when such Make-Whole Amount is due, provided -------- that Charterer shall not be required to pay any Make-Whole Amount in respect of the redemption or purchase of the Secured Notes pursuant to Section 3.06 of the Indenture.