Common use of Non-Delivery of the Vessel Clause in Contracts

Non-Delivery of the Vessel. the Vessel is not delivered to, and accepted by, the Borrower under the Building Contract and/or by the Time Charterer under the Time Charter prior to the date falling 290 days after the Scheduled Delivery Date (or such later date as the Agent acting on the instructions of the Majority Lenders (acting in their absolute discretion), may agree in writing); or

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

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