Common use of Definition of Permissible Delay Clause in Contracts

Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph 1 of this Article and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.

Appears in 7 contracts

Samples: www.dieselduck.info, Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp)

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Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph Clause 1 of this Article ARTICLE VIII and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date in ARTICLE IV, Clause 4(i)(2)), ARTICLE V, ARTICLE VI, ARTICLE XI, ARTICLE XII, ARTICLE XVII and ARTICLE XVI shall be understood to be permissible delays Permissible Delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment and/or the Contract is subject to rescission as provided for respectively in Article III and Article X hereof.

Appears in 4 contracts

Samples: Construction Of (Seaspan CORP), Seaspan CORP, Seaspan CORP

Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph 1 of this Article and any other delay delays of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III IV hereof.

Appears in 3 contracts

Samples: Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD)

Definition of Permissible Delay. Delays on account of such the causes as specified in Paragraph 1 of this Article and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.. (End of Article) 25

Appears in 1 contract

Samples: Shipsales Contract (Safe Bulkers, Inc.)

Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph 1 of this Article and any other delay delays of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.

Appears in 1 contract

Samples: Construction and Sale (Scorpio Bulkers Inc.)

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Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph 1 of this Article VIII.1 and any other delay delays of a nature which under the terms of this Contract permits permit postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereofIII.

Appears in 1 contract

Samples: Construction and Sale (Scorpio Bulkers Inc.)

Definition of Permissible Delay. Delays on account of such the causes as specified in Paragraph 1 of this Article and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.. (End of Article)

Appears in 1 contract

Samples: Construction and Sale (Safe Bulkers, Inc.)

Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph Clause 1 of this Article and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays Permissible Delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment and/or the Contract is subject to rescission as provided for respectively in Article III and Article X hereof.

Appears in 1 contract

Samples: Danaos Corp

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