Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to cancel the Agreement, in which case the Sellers shall be entitled to claim compensation for their losses and for all expenses incurred together with interest.
Appears in 8 contracts
Samples: Memorandum of Agreement for Sale and Purchase of Ships (Star Maritime Acquisition Corp.), Memorandum of Agreement for Sale and Purchase of Ships (Star Maritime Acquisition Corp.), Memorandum of Agreement for Sale and Purchase of Ships (Star Maritime Acquisition Corp.)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to cancel the Agreement, in which case the Sellers shall be entitled to claim compensation for their losses and for all expenses incurred together with interestagreement.
Appears in 3 contracts
Samples: Memorandum of Agreement for Sale and Purchase of Ships (General Maritime Corp / MI), Memorandum of Agreement for Sale and Purchase of Ships (General Maritime Corp / MI), Memorandum of Agreement for Sale and Purchase of Ships (General Maritime Corp / MI)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 33 and Clause 21, the Sellers have the right to cancel the Agreement, in which case and the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 3 contracts
Samples: Memorandum of Agreement (Top Tankers Inc.), Memorandum of Agreement (Top Tankers Inc.), Memorandum of Agreement (Top Tankers Inc.)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 33(Payment), the Sellers have the right to cancel the this Agreement, in which case the Deposit together with interest earned, if any, shall be released to the Sellers. If the Deposit does not cover their loss, the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 2 contracts
Samples: Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands), Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to cancel the Agreement, in which case the Sellers Agreement and shall be be entitled to claim compensation for their losses and for all expenses incurred together with interest.
Appears in 2 contracts
Samples: Memorandum of Agreement (Arlington Tankers Ltd.), Agreement (Arlington Tankers Ltd.)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 33(Payment), the Sellers have the right to cancel the this Agreement, in which case the Deposit together with interest earned, if any shall be released to the Sellers If the Deposit does not cover their loss the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 2 contracts
Samples: Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands), Memorandum of Agreement (Imperial Petroleum Inc./Marshall Islands)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to cancel the Agreement, in which case the Sellers Agreement and shall be entitled to claim compensation for their losses and for all expenses incurred together with interest.
Appears in 1 contract
Buyer’s Default. Should the Purchase Price purchase price not be paid in accordance with Clause 3, the Sellers have the right to cancel the Agreement, in which case the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 1 contract
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 3, the Sellers have the right to cancel the Agreement, in which case the Sellers Agreement and shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 1 contract
Samples: Agreement (Arlington Tankers Ltd.)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 32, the Sellers have the right to cancel the Agreement, in which case the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 1 contract
Samples: Memorandum of Agreement (Sino Shipping Holdings Inc.)
Buyer’s Default. Should the Purchase Price not be paid in accordance with Clause 33 and Clause 21, the Sellers have the right to cancel the Agreement, in which case Agreement and the Sellers shall be entitled to claim further compensation for their losses and for all expenses incurred together with interest.
Appears in 1 contract
