Common use of Fourth Installment Clause in Contracts

Fourth Installment. The Fourth Installment amounting to Ninety Xxx Xxxxxxx Xxx Xxxxxxx Xxxx Xxxxxxxx Xxxx Xxxxxxx Xxxxxx Xxxxxx Dollars (15%, US$ 91,105,500) shall be due and payable within three (3) banking days from the the receipt of the BUILDER'S invoice and a telefax notice from the Builder, countersigned by the classification surveyor, certifying that keel laying for the DRILLSHIP has commenced but not earlier than 4 months after the third installment.

Fourth Installment. The Fourth Installment amounting to Ninety Xxx Xxxxxxx Xxx Xxxxxxx Xxxx Xxxxxxxx Xxxx Xxxxxxx Xxxxxx Xxxxxx Dollars (15%, US$ 91,105,500) shall be due and payable within three (3) banking days from the the receipt of the BUILDER'S ’s invoice and a telefax notice from the Builder, countersigned by the classification surveyor, certifying that keel laying for the DRILLSHIP has commenced but not earlier than 4 months after the third installment.

Fourth Installment. The Fourth Installment amounting to Ninety Nine Million Xxx Xxxxxxx Xxx Xxxxxxx Xxxx Xxxxx Xxxxxxxx Xxxx Xxxxxxx Xxxxxx Xxxxxx Dollars (15%, US$ 91,105,50099,150,000) shall be due and payable within three (3) banking days from the the receipt of the BUILDER'S invoice and a telefax notice from the Builder, countersigned by the classification surveyor, certifying that keel laying for the DRILLSHIP has commenced but not earlier than 4 months after the third installment.