Acceptance of Vessel. To the fullest extent permitted by applicable law, Xxxxx accepts the Vessel and the Inventory in its “AS IS, WHERE IS, WITH ALL FAULTS” condition at the time of Closing. Xxxxx acknowledges that it has had the opportunity to conduct all due diligence and investigation of the Vessel (including but not limited to title, survey, seaworthiness, and physical condition) that Buyer desires prior to signing the Agreement. Buyer acknowledges that this transaction is not subject to any financing contingency or any other contingency, survey or inspection rights and that Buyer waives all right to rescind or cancel the Agreement to the fullest extent allowed under applicable law.
Acceptance of Vessel. If the Purchaser, in its sole and absolute discretion, deter-mines by OCTOBER 29, 1996 that the Vessel, its tackle, apparel, or equipment is not of the quality it desires or is not fit for its specific intended purpose, the Purchaser shall have the option to terminate the transaction without having any further obligation or liability to Seller. If the Purchaser does not so notify the Seller of its rejection of the Vessel then it shall been deemed to have accepted same.
Acceptance of Vessel. To the fullest extent permitted by applicable law, Xxxxx accepts the Vessel and the Inventory in its “AS IS, WHERE IS, WITH ALL FAULTS” condition at the time of Closing. Xxxxx acknowledges that it has had the opportunity to conduct all due diligence and investigation of the Vessel (including but not limited to title, survey, seaworthiness, and physical condition) that Buyer desires prior to signing the Agreement. Buyer acknowledges that this transaction is not subject to any financing contingency or any other contingency, survey or inspection rights and that Buyer waives all right to rescind or cancel the Agreement to the fullest extent allowed under applicable law. Buyer acknowledges that the vessel can remain in its current location in Gulfport, Mississippi through June 15, 2023 to make sufficient arrangements for completion. After June 15, 2023 there will be a storage fee of $1,000 per day unless both parties agree in writing to other terms.
Acceptance of Vessel. SC14.1 When all trials and tests called for by the Contract have been carried out and the Works and Materials have been delivered in accordance with the Contract and all inventories or stores and gear have been agreed by the Parties, the Engineer/Contract Administrator shall issue a certificate of Acceptance of the Vessel, and theVessel shall thereon be accepted. The Rectification Period, shall commence from the date of Acceptance of the Vessel and shall expire on the anniversary of the anniversary date of the Acceptance of the Vessel. SC15.1.The Contractors shall be responsible for making good all defects in the Vessel, or in the Materials supplied in accordance with the Contract (notwithstanding any certificate which may have been previously issued by the Engineer/Contract Administrator) arising during the Rectification Period, which come to the notice of the Employer in the course of the intended use of the Vessel, which are due to faulty workmanship, whether arising in work carried out by the Contractor direct or by sub-contractors employed by them, or from faulty design ,except a design supplied by the Engineer/Contract Administrator, with regard to which the Contractors gave notice in reasonable time before the construction of the work of any objection on their part to such design supplied by the Engineer/Contract Administrator.
Acceptance of Vessel. Upon accepting this Boat the Charterer agrees that, except where noted in the check-out form, the Boat and its furnishings and equipment are undamaged and in proper working order to Charterer’s satisfaction. The Charterer shall be offered the opportunity to inspect the Boat including the Boat’s inventory, hull, deck, canvas, propulsion system including propellers, shafts, rudders, struts, underwater hull, electronics and all equipment unless noted upon the pre-departure inspection meets to Charterers satisfaction. Any incidental breakdowns to Boat equipment other than to the main propulsion system shall not be cause for discount or pro-ration of the Boat fee. The Charterer further agrees that by signing this contract any breakdowns or damages caused to vessel after accepting vessel will solely be the responsibility of Charterer and all deposits will be immediately applied to repairs and any and all expenses related to incident. Any expenses that exceed the security deposit amount are the sole responsibility of the Charterer.
