Supplemental Hire means any and all amounts (other than Basic Hire) that the Charterer assumes the obligation to pay or agrees to pay under this Charter to the Owner, including amounts payable as indemnity payments and payment(s) of EBO Price and purchase price under this Charter.
Supplemental Hire means all amounts at any time payable to Shipowner under or pursuant to the terms of each Demise Charter other than Basic Hire, including, without limitation, interest on late payments, payments on accounts of indemnities, legal fees, expenses of investigation, out-of-pocket expenses, the fees and expenses of the Trust Company, and all other amounts of whatsoever kind and nature payable under, pursuant to, or by reason of each Demise Charter or any provision thereof, but excluding Basic Hire.
Supplemental Hire means (i) any and all amounts, liabilities ----------------- and obligations (other than Bareboat Hire) which the Charterer assumes or agrees to pay to or on behalf of the Owner Trust, the Owner Participant, the Trust Company, the Resident Trustee, the Pass Through Trustee, the Loan Participant or the Indenture Trustee under any Operative Document, including, without limitation, any payments of indemnification or Termination Value or Premium and (ii) any amounts which are expressed in the Indenture to be payable at the Charterer's expense.
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.
More Definitions of Supplemental Hire
Supplemental Hire means any and all amounts, liabilities and obligations other than Basic Hire that the Charterer assumes or agrees to pay hereunder to the Owner, including, without limitation, Stipulated Loss Value and indemnity payments.
Supplemental Hire means any and all amounts (other than Interim Hire and Basic Hire), that the Charterer assumes the obligation to pay or agrees to pay under the Charter, the Tax Indemnification Agreement or the Participation Agreement to the Owner Trustee, the Owner Participant or others, including amounts payable as premium, indemnity payments, payments of Stipulated Loss Value and Termination Value under the Charter, and all amounts payable by the Charterer pursuant to Section 9 of the Charter.
Supplemental Hire shall include all fees, costs and expenses and other amounts payable by Deepwater during the Base Charter Term to the Charter Trustee under the Deepwater Hedging Agreements.
Supplemental Hire means all amounts, liabilities and obligations (other ------------------ than Basic Hire) which Deepwater assumes, agrees or is otherwise obligated to pay to the Charter Trustee, the Investment Trust, any Funding Participant or any other Person under, and subject to, the Charter or any of the other Transaction Documents, including breakage costs, indemnities, damages and expenses. "Supplemental Hire" shall include all fees, costs and expenses and other amounts payable by Deepwater during the Base Charter Term to the Charter Trustee under the Deepwater Hedging Agreements.
Supplemental Hire shall have the meaning set forth in Section 9.1(b) hereof.
Supplemental Hire means (i) Supplemental Hire when due under the Bareboat Charter, (ii) payment obligations to an Indemnitee when due pursuant to Section 16 of this Time Charter, and not already paid to Owner, in which case at either Time Charterer’s or Demise Owner’s election shall be paid directly by Time Charterer to Owner when due, (iii) payments due as a result of an election by Time Charterer under Section 18, (iv) any and all amounts, liabilities, and obligations other than Basic Hire, Management Hire, Charter Hire, and Reimbursement Hire which the Time Charterer assumes or agrees or is otherwise obligated to pay under the Time Charter or any Principal Document to which it is a party to any Person. Supplemental Hire is payable on a hell or high water basis, and no payments to be made by the Time Charterer under this Time Charter during the Charter Period shall be subject to any abatement, reduction, adjustment, right of set off, counterclaim, recoupment or defense due to any present or future claims of the Time Charterer against the Demise Owner under this Time Charter or otherwise or against the Owner or any Indemnitee under any Principal Document or otherwise, due to any lay-up, Tug Replacement Event, Event of Loss, damage, unavailability, repair or other circumstance, including, without being limited to, any Claims as a result of any other business dealings by any Indemnitee, the Demise Owner and/or the Time Charterer; any breach of any covenant, representation or warranty of, or any act or omission of, or breach by the Demise Owner under this Agreement or any other agreement SCHEDULE 1 at any time existing between the Demise Owner and the Time Charterer; any Claims as a result of any other business dealings by the Demise Owner and/or the Time Charterer; any reorganization, arrangement, insolvency, readjustment of debt, bankruptcy, dissolution or liquidation proceeding involving any Indemnitee, the Demise Owner or the Time Charterer; any defect in or damage to, or loss or destruction of, any of the Vessels from any cause; the requisitioning, seizure or other taking of title or use of any of the Vessels by any government or governmental authority or otherwise whether or not by reason of any act or omission of the Demise Owner; the invalidity or unenforceability or lack of due authorization or other infirmity of this Agreement or the Bareboat Charter or any other Principal Document; the lack of right, power or authority of the Demise Owner to enter into this Agreeme...
Supplemental Hire means fifty percent (50%) of the difference between (i) Net Operating Margin, less (ii) the hire of the Vessel payable pursuant to Clause 7(a) hereof, which shall be calculated in accordance with U.S. generally accepted accounting principles and payable quarterly by the Charterer to the Owner as additional compensation.