Delivery Installment Sample Clauses

Delivery Installment confirmation by the facility agent under the Construction Financing of receipt of the funds corresponding to 20% of the Delivery Installment.
Sample 1Sample 2
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Delivery Installment. The Delivery Installment amounting to US$ 8,390,000 plus any increase or minus any decrease due to adjustment of the Contract Price under the provisions of this Contract shall be due and payable simultaneously with the delivery to and acceptance of the VESSEL by the BUYER as set out in Clause 5 (d) of this Article.
Sample 1
Delivery Installment. The BUYER shall pay the installment due on delivery of the VESSEL (the “Delivery Installment”) in the following way: At least one (1) Banking Day prior to the scheduled Delivery Date of the VESSEL, the BUYER shall procure that a first class bank (the “Remitting Bank”) issue a tested key telex to the BUILDER’s Bank containing an irrevocable undertaking by the Remitting Bank that funds shall be transferred to the BUILDER’s Bank for value on the scheduled delivery date and held to the order of the Remitting Bank for release to Samsung Heavy Industries Co., Ltd. against presentation by the BUILDER to the BUILDER’s Bank of a duplicate original copy of the Protocol of Delivery and Acceptance of the VESSEL duly executed by the BUYER and the BUILDER, evidencing the delivery of the VESSEL to and her acceptance by the BUYER. No later than five (5) Banking Days prior to the scheduled date for the acceptance of delivery of the VESSEL, the parties hereto shall execute an agreement on all adjustments of the Contract Price, if any. Notwithstanding the foregoing, adjustment in connection with the delay in delivery of the VESSEL shall be made on delivery. If the parties cannot agree on the said adjustments, delivery of the VESSEL shall take place as provided herein and the adjustments shall be determined by arbitration pursuant to Article XII herein. If any of the above payment dates is not a Banking Day then the payment(s) so due on such non-Banking Day shall be understood to be payable on the next Banking Day after the date on which payment should have been made in accordance with this Clause.
Sample 1

Related to Delivery Installment

  • Payment of Final Installment The final installment of principal (whether payable by wire transfer or check) of each Note on a Payment Date, the Redemption Date or the Final Scheduled Payment Date will be payable only on presentation and surrender of the Note, subject to Section 2.7(a). The Indenture Trustee will notify each Registered Noteholder of the date the Issuer expects to pay the final installment on any of the Notes, which notice will be delivered no later than five days before that date, and the place where the Notes may be presented and surrendered for payment.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Delivery Dates If the due date of any notice, certificate or report required to be delivered by the Manager hereunder falls on a day that is not a Business Day, the due date for such notice, certificate or report shall be automatically extended to the next succeeding day that is a Business Day.

  • Delivery Date On the Delivery Date, the Participant shall receive a number of shares of Stock in settlement of his or her Performance-Based Restricted Stock Unit Award. The number of shares of Stock that a Participant shall receive on the Delivery Date shall be determined by multiplying (i) the number of Covered Units (which have not previously been forfeited or cancelled) by (ii) the Performance Percentage determined pursuant to Section 3 above (with such percentage converted to a number by dividing such percentage by 100); provided, however, that if the Participant’s Date of Termination occurred prior to the Delivery Date and prior to a Change in Control due to (x) death, (y) Disability or (z) a Qualifying Termination or if the Participant’s Date of Termination occurred prior to the Delivery Date due to Retirement, then the product of clauses (i) and (ii) shall additionally be multiplied by the Pro-Rata Fraction. Shares of Stock received by a Participant pursuant to this Section 6 shall be free of restrictions otherwise imposed by this Agreement and the Plan; provided, however that the shares of Stock shall remain subject to the terms of this Agreement expressly applicable after such Delivery Date (including, without limitation, Section 13). As of the Delivery Date and settlement of the Performance-Based Restricted Stock Unit Award pursuant to this Section 6, all Covered Units (which have not previously been forfeited or cancelled) shall be cancelled.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.

  • Initial Payment The Obligor with respect to each Receivable has made at least one scheduled payment.

  • Delivery Schedule The scheduled months of delivery of the Aircraft are listed in the attached Table 1. Exhibit B describes certain responsibilities for both Customer and Boeing in order to accomplish the delivery of the Aircraft.

  • Amount of repayment instalments The Borrower shall repay the Loan by:

  • Conversion to Fixed Interest Rate The Mortgage Loan does not contain a provision whereby the Mortgagor is permitted to convert the Mortgage Interest Rate from an adjustable rate to a fixed rate;

  • Predelivery Payments 1.2.1 *****

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