Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph I) of this Article and any other 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.
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Samples: International Shipholding Corp, International Shipholding Corp
Definition of Permissible Delay. Delays on account of such causes as are specified in Paragraph I) paragraph 1 of this Article and any other delays of a nature which under the terms of this Contract permits permit postponement of the delivery date Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized unauthorised delays on account of which the Contract Price is subject to adjustment as provided for in Article III IV hereof.
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Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)
Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph I) 1 of this Article and any other delays of a nature which under the terms of this Contract permits postponement of the delivery date 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
