Initial Charter Period definition

Initial Charter Period means for any Initial Charter the period from the date of commencement of such Initial Charter to the expiration or earlier termination of such Initial Charter pursuant to the terms and conditions thereof.
Sample 1Sample 2Sample 3
Initial Charter Period means a period of ten (10) years commencing on the Delivery Date.
Sample 1Sample 2Sample 3
Initial Charter Period has the meaning set out in Clause 5(a).
Sample 1Sample 2

Examples of Initial Charter Period in a sentence

  • During any extension of the Initial Charter Period, the rate of hire shall be calculated on the basis ofthe then current charterhire rate converted to a daily rate using a 365-day year.

  • For purposes of clause (ii) above, a requirement to change the jurisdiction of the Owner's incorporation or residence shall not be treated as unduly burdensome.CharterhireDuring the Initial Charter Period for each Vessel, Chevron Transportshall pay charterhire for the use and hire of such Vessel on each and , commencing on the first such date to occur following the commencement of the related Initial Charter.

  • After expiry of the Initial Charter Period, JX Nippon has the sole option to continue with the Extended Charter Period for a further period of up to 10 years, upon the same terms and conditions, whereby such options shall consist of 10 individual options to extend for a period of 1 year each.

  • Chevron Transport shall be liable for any loss of any part of or damage to the Vessel (other than a Total Loss) during the Initial Charter Period from whatsoever cause such loss or damage may arise, unless the same shall have been caused by thenegligence or willful act of Owners, their servants or agents (except where Chevron Transport or its servants and agents are acting as agents of the Owners).

  • Therefore, there can be no assurance that any insurance for such risks will be carried during the Initial Charter Period for any Vessel or, if it is carried, as to the amountof such insurance.

  • The Initial Charter Period shall commence from the Handover Date of the FPSO to JX Nippon (which was stipulated as 30 June 2016 in the JX Nippon Contract), and expire on 17 November 2023, corresponding to a period of 88 months and 18 days.

  • Charterer shall have an option to extend the Charter for an additional period, as negotiated ("Renewal Term", the Renewal Term (if exercised) and the Initial Charter Period are collectively, the "Charter Period").

  • The base term shall commence on the first calendar day of the month following the latest delivery date set forth in the Charter Supplement (the "Final Delivery Date") and shall continue until the end of the month that is thirty-six months after the Final Delivery Date (the "Base Period") (the Base Period and the Interim Period are collectively, the "Initial Charter Period").

  • Spooning food into a bin.2Explaining such examples in terms of information structure seems difficult, but very little else has been explored when it comes to right dislocations.

  • For any Initial Charter, the period from the date of commencement of such Initial Charter to the expiration or earlier termination of such Initial Charter will be referred to in this Prospectus as the "Initial Charter Period." USE AND TRADE OF THE VESSEL Chevron Transport will have full use of each Vessel during the term of the Initial Charter Period and will have the right to operate the Vessel throughout the world (within Institute Warranty Limits) in the carriage of suitable lawful merchandise.


More Definitions of Initial Charter Period

Initial Charter Period is defined in Clause 3.1.
Sample 1Sample 2
Initial Charter Period means for any Initial Charter the period
Sample 1
Initial Charter Period has the meaning given to it in Clause 9.15;
Sample 1

Related to Initial Charter Period

  • Charter Period means such part of the period of the Charter as falls within the Security Period or, in the event of expiration or determination of the period of the Charter prior to the expiration of the Security Period, the period down to the expiration or determination of the period of the Charter;

  • Winter Period means the period in each year commencing on 1 June and ending on 30 October;

  • Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”

  • Certificate of Final Completion means the certificate issued by A/E that documents, to the best of A/E’s knowledge and understanding, Contractor’s completion of all Contractor’s Punchlist items and pre-final Punchlist items, final cleanup and Contractor’s provision of Record Documents, operations and maintenance manuals, and all other closeout documents required by the Contract Documents.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Air charter service means an air carrier operation which requires the customer to

  • Construction Completion Date means the date by which the overall development of the Project is completed in accordance with the provisions of this Agreement and when the Construction Completion Certificate is issued by the Independent Engineer as per Article 14.1.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Construction Debt means debt incurred to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Construction Start Date means the later to occur of the date on which Seller delivers to Buyer (a) a copy of the Notice to Proceed that Seller has delivered to the EPC Contractor for the Project, and (b) a written Certification substantially in the form attached hereto as Appendix IV-1.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Summer Period means the June, July, August, and September billing months. “Winter Period” means the December, January, February, and March billing months. “Transition Period” means the April, May, October, and November billing months.

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • Completion Date means the date of completion of the Services by the Service Provider as certified by the Procuring Entity

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Certificate of Completion means the certificate of completion given by the Engineer-in- charge pursuant to clause 40 of these conditions;

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Interim Period has the meaning specified in Section 6.1.

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Certificate of inspection means an unsworn statement,

  • Revenue Operations Date (ROD) means the date of operation of Metro

  • Prior Period With respect to any Distribution Date, the calendar month immediately preceding such Distribution Date.

  • Cover Period means the period from the cover start date to the cover end date.