Charter Cancellation Sample Clauses

The Charter Cancellation clause defines the terms and conditions under which a charter agreement may be terminated before its scheduled completion. Typically, this clause outlines the procedures for notifying the other party, any applicable cancellation fees, and the circumstances that justify cancellation, such as force majeure events or failure to meet payment obligations. Its core practical function is to provide a clear framework for both parties to follow in the event of a cancellation, thereby minimizing disputes and allocating the financial and operational risks associated with early termination.
Charter Cancellation. Minimum rate for the charter/cancellation/show-up, excluding charter connecting within thirty (30) minutes of an AM/PM or noon run. In region trip: 1 hour at charter driving rate Out of region trip: 2 hours at charter driving rate
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Charter Cancellation. 40 10. ASSIGNMENT.................................................................................................40 11. ILLEGALITY, INCREASED COST, NON-AVAILABILITY, ETC..........................................................40 11.1 Illegality........................................................................................40 11.2
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Charter Cancellation. 28 (d) Timing of Mandatory Prepayments...................................................................28 5.4 Interest and Costs with Prepayments/Application of Prepayments....................................28 6.
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Charter Cancellation. Upon the cancellation of a Time Charter by the Charterer, the cancellation penalty payment payable under such Time Charter shall be applied, in inverse order of maturity, to the remaining scheduled repayment installments set forth in Section 5.1 with respect to the applicable Tranche.
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Charter Cancellation. In the event of a cancellation or termination of a Time Charter for any reason whatsoever, the relevant Borrower and the Guarantor shall have the option to pursue one of the following courses of action: within thirty (30) days of such cancellation/termination, (i) granting the Security Agent, on behalf of the Lenders, a security interest in a replacement charter with a party of the same creditworthiness as the Charter Guarantor as evidenced by the Rating thereof, and with similar terms and conditions as the cancelled/terminated Time Charter and otherwise in form and substance acceptable to the Majority Lenders in their reasonable discretion, (ii) prepaying the Tranche attributable to the relevant Vessel, in which case the Lenders shall release the relevant Security Documents with respect to the relevant Vessel, failing satisfaction of either (i) or (ii) above, such Tranche shall be covered by the Guaranty (as provided therein) and the Borrowers shall ensure that the Fair Market Value of the relevant Vessel is at least equal to the Required Percentage of its respective Tranche or otherwise comply with the provisions of Section 9.4(x) or 9.4(y).
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Charter Cancellation. Minimum rate for charter cancellation/ show -up, excluding charters connecting within thirty (30) minutes of an a.m. noon or p.m. run. In region trip: 1 hour at charter driving rate Out of region trip: 2 hours at charter driving rate The Company will be responsible for the pre -arranging of reasonable room accommodations and expense of same for overnight charters. Eight (8) hours pay at driver's hourly charter driving rate will be paid for each twenty -four (24) hr. period of layover at the destination, and or proportionate payment for partial layover of the twenty -four (24) hrs. A) A suffi cient amount of Company money will be available to the employee for the charter trips prior to leaving on the charter. B) Fuel allowance, tokens and bridge tolls should be calculated as part of this Company money.
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Charter Cancellation a) Cancellation by the Client i) Cancellation before 5pm on the day prior to the cruise.
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Related to Charter Cancellation

  • ORDER CANCELLATION Users of this contract are advised that orders (all or part) cancelled or returned after acceptance of requested merchandise will be subject to a restocking fee of ten percent (10%) of the invoice amount (not to exceed $500.00 per order) plus return freight charges. The amount authorized for payment of return freight will, in no instance, be more than original delivery charges documented by carrier. These charges may be applied, at the option of the supplier, to those orders which have been accepted. Orders cancelled prior to shipment or acceptance by ordering entity from the manufacturer will not be assessed charges.

  • Contract Cancellation DCF may cancel this Contract after providing the Contractor with thirty (30) calendar days written notice of the Contractor’s right to cure a failure of the Contractor to perform under the terms of this Contract. The following are examples of contractor failure that would warrant cancellation: • Breaches or defaults an obligation under the Contract as follows: • Fails to follow the sales and use tax certification requirements of s. 77.66 of the Wisconsin Statutes; • Incurs a delinquent Wisconsin tax liability; • Fails to submit a non-discrimination or affirmative action plan as required here in; • Fails to follow the non-discrimination or affirmative action requirements of subch. II, Chapter 111 of the Wisconsin Statutes (Wisconsin’s Fair Employment Law); • Becomes a Federally debarred Contractor; • Is excluded from Federal procurement and non-procurement contracts; • Fails to maintain and keep in force all required insurance, permits and licenses as provided in this Contract; • Fails to maintain the confidentiality of DCF’s information that is considered to be Confidential Information, proprietary, or containing Personally Identifiable Information; • Contractor violates other state laws; or • Contractor performance threatens the health or safety of a State employee or State customer. The Contractor may cancel this Contract after providing DCF one hundred and twenty (120) calendar days’ notice of the State’s right to cure a failure of the State to perform under the terms of this Contract. Upon cancellation of this Contract for any reason, or upon Contract expiration, each party shall be released from all obligations to the other party arising after the date of cancellation or expiration, except for those that by their terms survive such cancellation or expiration.

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Policy Cancellation Except for ten days notice for non-payment of premium, each insurance policy shall be endorsed to state that; without thirty (30) days prior written notice to the City, the policy shall not be canceled, non-renewed or coverage and/or limits reduced or materially altered, and shall provide that notices required by this paragraph shall be sent by certified mail to the address shown below.

  • No Cancellation No Required Insurance policy may be canceled by either Party during the required insured period under this Agreement, except after thirty days’ prior written notice to the City by certified mail, return receipt requested. Prior to the effective date of any such cancellation Consultant must procure and put into effect equivalent coverage(s).