Common use of Builder Default Clause in Contracts

Builder Default. Should any event occur which may result in the Builder being unable to continue the construction of the Vessel or being unable to fulfill any obligations of the Builder under this Contract, the Buyer may terminate the Contract in accordance with Article VII(g).

Builder Default. Should any event occur which may will result in the Builder being unable failing to continue proceed with the construction of the Vessel with all reasonable dispatch or being unable to fulfill any comply with its material obligations of the Builder under this Contract, the Buyer may will be entitled to terminate the this Contract in accordance with Article VII(g).