Common use of 4th Installment Clause in Contracts

4th Installment. The sum of United States Dollars 1,132,500.00 (United States Dollars one million and one hundred thirty two thousand and five hundred only), shall become due and payable and shall be paid within five (5) New York banking days after successful launching of the VESSEL. The launching of the VESSEL shall be notified by the SELLER with a telex, telefax or letter notice to the BUYER stating that the launching of the VESSEL has been successfully carried out. The SELLER shall send to the BUYER a telex or telefax demand for payment of this installment.

4th Installment. The sum of United States Dollars 1,132,500.00 930,00.000 (United States Dollars one million and one nine hundred thirty two thousand and five hundred only), shall become due and payable and shall be paid within five (5) New York banking days after successful launching of the VESSEL. The launching of the VESSEL shall be notified by the SELLER with a telex, telefax or letter notice to the BUYER stating that the launching of the VESSEL has been successfully carried out. The SELLER shall send to the BUYER a telex or telefax demand for payment of this installmentinstalment.

4th Installment. The sum of United States Dollars 1,132,500.00 2,000,000.00 (United States Dollars one million and one hundred thirty two thousand and five hundred Two Million only), shall become due and payable and shall be paid within five (5) New York banking days after successful launching of the VESSEL. The launching of the VESSEL shall be notified by the SELLER with a telex, telefax or letter notice to the BUYER stating that the launching of the VESSEL has been successfully carried out. The SELLER shall send to the BUYER a telex or telefax demand for payment of this installmentinstalment.