Common use of Definition of Default Clause in Contracts

Definition of Default. The BUYER shall be deemed in default of its obligation under the Contract if any of the following events occurs:

Appears in 23 contracts

Samples: Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.)

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Definition of Default. The BUYER shall be deemed to be in default of its obligation under the Contract if any of this CONTRACT in the following events occurscases :

Appears in 15 contracts

Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)

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Definition of Default. The BUYER shall be deemed in default of its obligation under the this Contract if any of the following events occurs:

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

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