Condition and Access to the Vessels Sample Clauses

Condition and Access to the Vessels. (a) Notwithstanding anything to the contrary herein, the Buyer and the Sellers agree that the Vessels shall, on the Closing Date, be in substantially the same condition as on the date hereof, ordinary wear and tear excepted. If any Vessel shall suffer any damage or loss (other than an actual or constructive total loss) prior to the Closing, the Sellers agree to be responsible for such repairs to the Vessel suffering such damage or loss as may be necessary to restore the Vessel to the condition required hereunder. The Sellers agree to cause the Vessels to continue to be insured by hull and machinery and protection and indemnity insurance in the amounts and with the coverages currently in force until the Closing Date. Prior to the Closing, the Sellers shall provide Buyer with original cover notes evidencing such insurance covering the Vessels for the three years prior to Closing. (b) The Buyer shall, at its option, have a period of ten business days from the date hereof to conduct a reasonable due diligence investigation of each of the Vessels and the documentation related thereto, which inspection must be satisfactory to the Buyer. If the Buyer finds (i) any condition that would cause the representations made in Subsection 3.4 to be untrue or (ii) any of (A) the hull or material pieces of machinery or equipment reflected in Exhibit "A" to be inoperable or missing or (B) the specifications set forth in Exhibit "A" to be materially inaccurate, then the Buyer may terminate this Agreement in accordance with Section 5 if the Sellers do not agree to remedy the condition to the Buyer's reasonable satisfaction.
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Condition and Access to the Vessels. (a) Notwithstanding anything to the contrary herein, the Buyer and the Seller agree that the Vessels shall, on the Closing Date, be in substantially the same condition as on the date hereof, ordinary wear and tear excepted. If any Vessel shall suffer any damage or loss (other than an actual or constructive total loss) and such damage or loss is not repaired prior to the Closing, then Seller agrees to be responsible following the Closing (it being the intent of the Buyer and Seller that the Closing not be delayed as a result of the need to make any such repairs) for such repairs to the Vessel suffering such damage or loss as may be necessary to restore the Vessel to the condition required under this Section 1.5(a). The Seller agrees to cause the Vessels to continue to be insured by hull and machinery and protection and indemnity insurance in the amounts and with the coverages currently in force until the Closing Date. Prior to the Closing, the Seller shall provide Buyer with original cover notes evidencing such insurance covering the Vessels for the three years prior to Closing. (b) The Buyer shall, at its option, have a period of fifteen business days from the date hereof to conduct a reasonable due diligence investigation of each of the Vessels and the documentation related thereto, which inspection must be satisfactory to the Buyer. All such investigations shall be conducted at times convenient to Seller and at all times shall be made under the supervision of the Seller. (c) The Seller agrees to use its best efforts to complete as soon as reasonably possible the modification, upgrade and lengthening of the M/V Rita Candies in order to have the specifications xxxted on Schedule "A" hereto with respect to the M/V Rita Candies be accurate in all material respects. Xxx Buyer shall have access to the M/V Rita Candies and the documentation related thereto xxxm the date hereof until its delivery pursuant to Section
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Related to Condition and Access to the Vessels

  • Inspection and Access Landlord and its agents, representatives, and contractors may enter the Premises at any reasonable time to inspect the Premises and to make such repairs as may be required or permitted pursuant to this Lease and for any other business purpose. Landlord and Landlord’s representatives may enter the Premises during business hours on not less than 48 hours advance written notice (except in the case of emergencies in which case no such notice shall be required and such entry may be at any time) for the purpose of effecting any such repairs, inspecting the Premises, showing the Premises to prospective purchasers and, during the last year of the Term, to prospective tenants or for any other business purpose. Landlord may erect a suitable sign on the Premises stating the Premises are available to let or that the Project is available for sale. Landlord may grant easements, make public dedications, designate Common Areas and create restrictions on or about the Premises, provided that no such easement, dedication, designation or restriction materially, adversely affects Tenant’s use or occupancy of the Premises for the Permitted Use. At Landlord’s request, Tenant shall execute such instruments as may be necessary for such easements, dedications or restrictions. Tenant shall at all times, except in the case of emergencies, have the right to escort Landlord or its agents, representatives, contractors or guests while the same are in the Premises, provided such escort does not materially and adversely affect Landlord’s access rights hereunder.

  • Records Retention and Access 1. Grantee will keep and maintain, as applicable, accurate and complete records necessary to determine compliance with this Contract and applicable laws. 2. Grantee will provide access to its records to DFPS, the Texas State Auditor’s Office (SAO), the Federal Government, and their authorized representatives. 3. Unless otherwise specified in this Contract, Grantee will maintain legible copies of this Contract and all related documentation for a minimum of seven years after the termination of this Contract or seven years after the completion of any litigation or dispute involving the Contract, whichever is longer. 4. THE GRANTEE WILL NOT DISPOSE OF RECORDS BEFORE PROVIDING THE DFPS CONTRACT MANAGER WRITTEN NOTICE OF ITS INTENT TO DISPOSE OF RECORDS AND RECEIVING WRITTEN APPROVAL FROM THE DFPS CONTRACT MANAGER.

  • INSPECTION AND ACCEPTANCE Cisco may reject any or all of the Work which does not conform to the applicable requirements within 10 business days of Supplier’s delivery of the Work. At Cisco’s option, Cisco may (i) return the non- conforming Work to Supplier for a refund or credit; (ii) requires Supplier to replace the non-conforming Work; or (iii) repair the non-conforming Work so that it meets the requirements. As an alternative to (i) through (iii), Cisco may accept the non-conforming Work conditioned on Supplier providing a refund or credit in an amount Cisco reasonably determines to represent the diminished value of the non-conforming Work. Cisco’s payment to Supplier for Work prior to Xxxxx’s timely rejection of such Work as non- conforming will not be deemed as acceptance by Xxxxx.

  • Cooperation and Access The Cooperative Member agrees that it will cooperate in compliance with any reasonable requests for information and/or records made by the Cooperative. The Cooperative reserves the right to audit the relevant records of any Cooperative Member. Any breach of this provision shall be considered material and shall make the Agreement subject to termination on ten (10) days written notice to the Cooperative Member.

  • Power Supply Information and Access to Information POWER SUPPLY INFORMATION

  • Record Retention and Access The Contractor shall maintain books, records and documents in accordance with generally accepted accounting principles and procedures and which sufficiently and properly document and calculate all charges billed to the State throughout the term of the Contract for a period of at least five (5) years following the date of final payment or completion of any required audit, whichever is later. Records to be maintained include both financial records and service records. The Contractor shall permit the Auditor of the State of Georgia or any authorized representative of the State, and where federal funds are involved, the Comptroller General of the United States, or any other authorized representative of the United States government, to access and examine, audit, excerpt and transcribe any directly pertinent books, documents, papers, electronic or optically stored and created records or other records of the Contractor relating to orders, invoices or payments or any other documentation or materials pertaining to the Contract, wherever such records may be located during normal business hours. The Contractor shall not impose a charge for audit or examination of the Contractor’s books and records. If an audit discloses incorrect xxxxxxxx or improprieties, the State reserves the right to charge the Contractor for the cost of the audit and appropriate reimbursement. Evidence of criminal conduct will be turned over to the proper authorities.

  • Inclusion and accessibility The institution will provide support to incoming mobile participants with fewer opportunities, according to the requirements of the Erasmus Charter for Higher Education. Information and assistance can be provided by the following contact points and information sources: Although a brief overview is provided in this agreement, more detailed information is sent to the nominees in order for them to prepare their exchange.

  • Records and Access The Advisor, in the conduct of its responsibilities to the Company, shall maintain adequate and separate books and records for the Company’s operations in accordance with GAAP, which shall be supported by sufficient documentation to ascertain that such books and records are properly and accurately recorded. Such books and records shall be the property of the Company and shall be available for inspection by the Board and by counsel, auditors and other authorized agents of the Company, at any time or from time to time during normal business hours. The Advisor shall at all reasonable times have access to the books and records of the Company and the Operating Partnership.

  • RECORD RETENTION AND ACCESS TO RECORDS Provided Contractor is given reasonable advance written notice and such inspection is made during normal business hours of Contractor, the State or any duly authorized representatives shall have unimpeded, prompt access to any of Contractor’s books, documents, papers, and/or records which are maintained or produced as a result of the project for the purpose of making audits, examinations, excerpts, and transcriptions. All records related to this agreement shall be retained by Contractor for three (3) years after final payment is made under this agreement and all pending matters are closed; however, if any audit, litigation or other action arising out of or related in any way to this project is commenced before the end of the three (3) year period, the records shall be retained for one (1) year after all issues arising out of the action are finally resolved or until the end of the three (3) year period, whichever is later.

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