Common use of Fifth Instalment Clause in Contracts

Fifth Instalment. Fifty Five percent (55%) of the Contract Price, amounting to United States Dollars Fifty One Million Seven Hundred Twenty Seven Thousand Five Hundred only (USD51,727,500.-), plus other sums due to Builder under this Contract and any increase or minus any decrease due to adjustments, if any, to the Contract Price shall be paid upon delivery of the Vessel.

Appears in 4 contracts

Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)

AutoNDA by SimpleDocs

Fifth Instalment. Fifty Twenty Five percent (5525%) of the Contract Price, Price amounting to United States Dollars Fifty One Million Seven Hundred Twenty Seven Thousand Five Hundred only (USD51,727,500.-), USD ) plus other sums due to Builder under this Contract and any increase or minus any decrease due to adjustments, if any, to the Contract Price shall be paid upon delivery of the Vessel.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

AutoNDA by SimpleDocs

Fifth Instalment. Fifty Five percent (55%) of the Contract Price, amounting to United States Dollars Fifty One Three Million Seven Three Hundred Twenty Seventy Seven Thousand Five Hundred only (USD51,727,500.-USD53,377,500.-), plus other sums due to Builder under this Contract and any increase or minus any decrease due to adjustments, if any, to the Contract Price shall be paid upon delivery of the Vessel.

Appears in 1 contract

Samples: Shipbuilding Contract (Gener8 Maritime, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!