Common use of Conditions to Delivery Clause in Contracts

Conditions to Delivery. The obligation of the Owners to charter the Vessel to the Charterers pursuant to this Charter shall be subject to the following conditions: (i) delivery of the Vessel by the Charterers to the Owners pursuant to the terms of the MOA; (ii) the Owners obtaining full title to the Vessel pursuant to the terms of the MOA; (iii) no Termination Event having occurred which is continuing on or prior to the Actual Delivery Date; (iv) the representations and warranties referred to in Clause 48 (Charterers’ representations and warranties) being true and correct on the date of this Charter and the Actual Delivery Date; (v) the Actual Delivery Date falling on or before the Long Stop Date (or such later date as may be agreed between the Owners (as buyer under the MOA) and the Sellers); (vi) the Owners having received, or being satisfied that they will receive, the documents and evidence referred to in paragraph (a) (Owners’ conditions precedent) of Clause 36 (Conditions precedent), in each case in all respects in form and substance satisfactory to them on or before the Actual Delivery Date; and (vii) delivery of the Vessel to the Sellers by the Builder under the Building Contract.