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: Construction Contract, Construction Contract (Danaos Corp), Construction Contract (Danaos Corp)
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: Ship Building Contract (Seaspan CORP), Ship Building Contract (Seaspan CORP), Ship Building Contract (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: Ship Sale Contract (Globus Maritime LTD), Ship Sale Contract (Globus Maritime LTD), Ship Sale 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.
Appears in 2 contracts
Samples: Ship Sales Contract (Safe Bulkers, Inc.), Ship Sales Contract (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: Ship Building Contract (Danaos Corp)
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
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
