Common use of Effect of Acceptance Clause in Contracts

Effect of Acceptance. Acceptance of the VESSEL as above provided shall be final and binding in so far as conformity of the VESSEL to this Contract and Specifications is concerned and shall preclude the BUYER from refusing formal delivery of the VESSEL as hereinafter provided, if the SELLER complies with all other requirements for delivery as provided in ARTICLE VII hereof. However, the BUYER’s acceptance, of the VESSEL shall not affect the BUYER’s right under ARTICLE IX hereof and/or under law.

Appears in 4 contracts

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

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Effect of Acceptance. Acceptance of the VESSEL as provided above provided shall be final and binding in so far as conformity of the VESSEL to this Contract and Specifications is concerned and shall preclude the BUYER from refusing formal tender of delivery of the VESSEL as hereinafter provided, if the SELLER BUILDER complies with all other procedural requirements for delivery as provided in ARTICLE Article VII hereof. However, the BUYER’s acceptance, of the VESSEL shall not affect the BUYER’s right under ARTICLE IX hereof and/or under law.

Appears in 4 contracts

Samples: Agreement (Santa Fe International Corp/), Performance Guarantee Agreement (Santa Fe International Corp/), Performance Guarantee Agreement (Santa Fe International Corp/)

Effect of Acceptance. Acceptance of the VESSEL as above provided shall be final and binding in so far as conformity of the VESSEL to this Contract and the Specifications is concerned concerned, and shall preclude the BUYER from refusing formal delivery of the VESSEL as hereinafter provided, if the SELLER BUILDER complies with all other procedural requirements for delivery as provided in ARTICLE Article VII hereof. However, the BUYER’s acceptance, of the VESSEL shall not affect the BUYER’s right under ARTICLE IX hereof and/or under law.

Appears in 4 contracts

Samples: Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Scorpio Bulkers Inc.)

Effect of Acceptance. Acceptance of the VESSEL as above provided shall be final and binding in on the parties hereto so far as conformity of the VESSEL to this Contract and the Specifications is concerned and shall preclude the BUYER Buyer from refusing formal delivery of the VESSEL as hereinafter provided, if the SELLER Seller complies with all other procedural requirements for the delivery of the VESSEL as provided in ARTICLE the Article VII hereof. However, the BUYER’s acceptance, of the VESSEL shall not affect the BUYER’s right under ARTICLE IX hereof and/or under law.

Appears in 2 contracts

Samples: Sale and Purchase, Sale and Purchase

Effect of Acceptance. Acceptance of the VESSEL as above provided shall be final and binding in so far as conformity of the VESSEL to this Contract and the Specifications is concerned and shall preclude the BUYER from refusing formal delivery of the VESSEL as hereinafter provided, if the SELLER BUILDER complies with all other procedural requirements for delivery as provided in ARTICLE Article VII hereof. However, the BUYER’s acceptance, acceptance of the VESSEL shall not affect the BUYER’s right in 4. (b) above or under ARTICLE Article IX hereof and/or under lawhereof.

Appears in 2 contracts

Samples: Stolt Nielsen S A, Stolt Nielsen S A

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Effect of Acceptance. Acceptance of the VESSEL as above provided shall be final and binding in so far as conformity of the VESSEL to this Contract and the Specifications is concerned and shall preclude the BUYER from refusing formal delivery of the VESSEL VESSEL, as hereinafter provided, if the SELLER complies BUILDER comply with all other procedural requirements for delivery as provided in ARTICLE Article VII hereof. However, the BUYER’s acceptance, of the VESSEL shall not affect the BUYER’s right under ARTICLE IX hereof and/or under law.

Appears in 1 contract

Samples: Construction and Sale (Scorpio Bulkers Inc.)

Effect of Acceptance. a. Acceptance of the VESSEL as above provided shall be final and binding in so far as conformity of and the VESSEL will be deemed to this Contract and Specifications is concerned and be in conformity with the Contract. The BUYER shall preclude the BUYER from refusing not refuse formal delivery of the VESSEL as hereinafter provided, if the SELLER BUILDER complies with all other procedural requirements for delivery as provided in ARTICLE Article VII hereof. However, the BUYER’s acceptance, of the VESSEL shall not affect the BUYER’s right under ARTICLE IX hereof and/or under law.

Appears in 1 contract

Samples: Contract (Alexander & Baldwin Inc)

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