Common use of Method of Acceptance or Rejection Clause in Contracts

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax of completion of the trial run, as and if the BUILDER considers that the results of trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS . The BUYER shall, within Five (5)days after receipt of such notice from the BUILDER, notify the BUILDER by telefax of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 6 contracts

Samples: www.dieselduck.info, Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp)

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Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax in writing of completion of the trial runcompletion, as and if the BUILDER considers that the results of trial run indicate conformity of thereof demonstrate that the VESSEL conforms to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five (5)days 24 hours after receipt of such notice from the BUILDERnotice, notify the BUILDER by telefax in writing of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 5 contracts

Samples: www.sec.gov, Memorandum of Agreement (Nordic American Offshore Ltd.), Memorandum of Agreement (Nordic American Offshore Ltd.)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER SELLERS shall give the BUYER a notice by telefax facsimile or e-mail confirmed in writing of completion of the trial run, as and if the BUILDER SELLERS considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five two (5)days 2) days after receipt of such notice from the BUILDERSELLERS, notify the BUILDER SELLERS by telefax facsimile confirmed in writing of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 3 contracts

Samples: Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax of completion of the trial run, as and if the BUILDER considers that the results of trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five (5)days Five(5) days after receipt of such notice from the BUILDER, notify the BUILDER by telefax of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS Specifications.

Appears in 2 contracts

Samples: Stolt Nielsen S A, Stolt Nielsen S A

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER OWNER a notice by telefax telex confirmed in writing of completion of the trial run, as and if the BUILDER considers that the results of trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER OWNER shall, within Five (5)days 5) days after receipt of such notice from the BUILDER, notify the BUILDER by telex or telefax confirmed in writing of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS trial results.

Appears in 2 contracts

Samples: R&b Falcon Corp, R&b Falcon Corp

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER Seller shall give the BUYER Buyer a notice by telefax email or facsimile confirmed in writing, of completion of the trial run, as and if the BUILDER considers it is considered that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS . The BUYER Specifications, the Buyer shall, within Five three (5)days 3) Business Days after receipt of such notice from the BUILDERSeller, notify the BUILDER Seller by telefax email or facsimile confirmed in writing of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 2 contracts

Samples: Sale and Purchase, Sale and Purchase

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax facsimile confirmed in writing of completion of the trial run, as and if the BUILDER considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five three (5)days 3) banking days after receipt of such notice from the BUILDER, notify the BUILDER by telefax facsimile of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 2 contracts

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax of completion of the trial runrun together with written reports recording off all the trials, as and if the BUILDER considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five five (5)days 5) banking days after receipt of such notice from the BUILDER, BUILDER notify the BUILDER by telefax of its acceptance or of its rejection of the VESSEL’s conformity to this Contract and Trial Run results, together with the SPECIFICATIONS reasons therefor.

Appears in 2 contracts

Samples: Shipbuilding Contract (Safe Bulkers, Inc.), Shipbuilding Contract (Safe Bulkers, Inc.)

Method of Acceptance or Rejection. (a) a. Upon completion of the trial run, the BUILDER shall give the BUYER a written notice by telefax of completion of the trial run, as and if the BUILDER considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specification. The BUYER shall, within Five three (5)days 3) days after receipt of such notice from the BUILDER, notify provide the BUILDER by telefax written notice of its acceptance intent to accept or rejection of reject the VESSEL’s conformity to this VESSEL on the Contract and the SPECIFICATIONS Delivery Date.

Appears in 2 contracts

Samples: Contract (Alexander & Baldwin Inc), Contract (Alexander & Baldwin Inc)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax fxxxxxxxx/email confirmed in writing of completion of the trial run together with the prompt result of trial run, as and if the BUILDER considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five three (5)days 3) days after receipt of such notice from the BUILDER, notify the BUILDER by telefax facsimile/email of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 2 contracts

Samples: Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Globus Maritime LTD)

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Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax of completion of the trial run, as and if the BUILDER considers that the results of trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS . The BUYER shall, within Five (5)days after receipt of such notice from the BUILDER, notify the BUILDER by telefax of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS ...

Appears in 1 contract

Samples: Construction and Sale (Danaos Corp)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax fax confirmed in writing of completion of the trial run, as and if the BUILDER considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five three (5)days 3) business days after receipt of such notice from the BUILDER, notify the BUILDER by telefax fax confirmed in writing of its acceptance of, or rejection of the VESSEL’s conformity to this Contract and VESSEL together with the SPECIFICATIONS reason thereof.

Appears in 1 contract

Samples: Construction and Sale (Scorpio Bulkers Inc.)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax telex confirmed in writing of completion of the trial run, as and if the BUILDER considers that the results of trial run indicate conformity of the VESSEL DRILLSHIP to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five (5)days 5) days after receipt of such notice from the BUILDER, notify the BUILDER by telex or telefax confirmed in writing of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS trial results.

Appears in 1 contract

Samples: R&b Falcon Corp

Method of Acceptance or Rejection. (a) 1. Upon successful completion of the trial run, the BUILDER Builder shall give the BUYER a Buyer written notice by telefax of such completion of the trial run, as and if the BUILDER that Builder considers that the results of the trial run indicate conformity of the VESSEL Unit to this Contract and the SPECIFICATIONS Specifications. The BUYER Buyer shall, within Five three (5)days 3) days after receipt of such notice from the BUILDERBuilder, notify the BUILDER by telefax provide Builder written notice of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS Unit.

Appears in 1 contract

Samples: Shipbuilding Contract (Maritrans Inc /De/)

Method of Acceptance or Rejection. (a) Upon completion of the trial run, the BUILDER shall give the BUYER a notice by telefax of completion of the trial run, as and if the BUILDER considers that the results of the trial run indicate conformity of the VESSEL to this Contract and the SPECIFICATIONS Specifications. The BUYER shall, within Five three (5)days 3) days after receipt of such notice from the BUILDER, notify the BUILDER by telefax of its acceptance or rejection of the VESSEL’s conformity to this Contract and the SPECIFICATIONS .

Appears in 1 contract

Samples: Tsakos Energy Navigation LTD

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