Common use of Description of Platform Clause in Contracts

Description of Platform. (a) Seller hereby agrees with Buyer to commence the construction of at Seller's shipyard at Brownsville, Texas ("Seller's Yard"), to prosecute in accordance with good shipyard practice to completion, and to deliver to Buyer by April 30, 1999 (such date as the same may be extended under the terms of this Agreement is referred to herein as the "Scheduled Delivery Date"), at Seller's Yard a mobile, self-contained and elevating platform, being Seller's Yard No. P-178, in accordance with (i) Seller's specifications therefor, dated April 30, 1997 and all related drawings, plans and data, whether now or hereafter prepared by Seller (hereinafter referred to collectively as the "Specifications"), the said Specifications having been (or shall be, in instances where specifications, drawings, plans, and data are hereafter prepared) initialed by Seller and Buyer as evidence of the accuracy thereof and being (and to be) hereby incorporated by reference as part of this Agreement and (ii) the certain rules of the American Bureau of Shipping (hereinafter referred to as the "ABS"), Rules for Building and Classing Offshore Mobile Drilling Units, 1996, Part 3, Hull Construction and Equipment, Sections 1 through 10 (provided that if the ABS enforces p-delta, Seller's responsibility as to p-delta shall be limited to obtaining from Seller's licensor XxXxxxxxxx, Inc. ("XxXxxxxxxx") a set of new severe storm data incorporating the effects of p-delta), which were in effect and enforced against Seller by the ABS on April 1, 1997 and which are specified and limited in Part I of the Specifications. For purposes of this Agreement, the mobile, self-contained, and elevating platform to be constructed and delivered to Buyer in accordance herewith shall be referred to as the "Platform". Buyer hereby agrees with Seller to purchase the Platform from Seller, and to pay Seller for same, all in accordance with the provisions of this Agreement.

Description of Platform. (a) Seller hereby agrees with Buyer to commence the construction of of, at Seller's shipyard at Brownsville, Texas ("Seller's Yard"), to prosecute in accordance with good shipyard practice to completion, and to deliver to Buyer by April 30September 10, 1999 (such date as the same may be extended under the terms of this Agreement is referred to herein as the "Scheduled Delivery Date"), at Seller's Yard a mobile, self-contained and elevating platform, being Seller's Yard No. P-178P179, in accordance with (i) Seller's specifications No. 9701 Revision 2 therefor, dated April 30May 21, 1997 and all related drawings, plans and data, whether now or hereafter prepared by Seller (hereinafter referred to collectively as the "Specifications"), the said Specifications having been (or shall be, be in instances where specifications, drawings, plans, and data are hereafter prepared) initialed by Seller and Buyer as evidence of the accuracy thereof and being (and to be) hereby incorporated by reference as part of this Agreement and (ii) the certain rules of the American Bureau of Shipping (hereinafter referred to as the "ABS"), ; Rules for Building and Classing Offshore Mobile Drilling Units, 1996, Part 3, Hull Construction and Equipment, Sections 1 through 10 (provided that if the ABS enforces p-delta, Seller's responsibility as to p-delta shall be limited to obtaining from Seller's licensor XxXxxxxxxx, Inc. ("XxXxxxxxxx") a set of new severe storm data incorporating the effects of p-delta), which were in effect and enforced against Seller by the ABS on April 1, 1997 and which are specified and limited in Part I of the Specifications. For purposes of this Agreement, the mobile, self-contained, and elevating platform to be constructed and delivered to Buyer in accordance herewith shall be referred to as the "Platform". Buyer hereby agrees with Seller to purchase the Platform from Seller, and to pay Seller for same, all in accordance with the provisions of this Agreement.