Common use of Payment 25 Clause in Contracts

Payment 25. The said Purchase Price shall be paid in full free of bank charges to Xxxxxx Landesbank, Bremen 26 on delivery of the Vessel, but not later than 3 banking days after the Vessel is in every respect 27 physically ready for delivery in accordance with the terms and conditions of this Agreement and 28 Notice of Readiness has been given in accordance with Clause 5. 29

Appears in 2 contracts

Samples: Memorandum of Agreement for Sale and Purchase of Ships (Britannia Bulk Holdings Inc), Memorandum of Agreement for Sale and Purchase of Ships (Britannia Bulk PLC)

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Payment 25. The said Purchase Price shall be paid in full free of bank charges to Xxxxxx Landesbank, Bremen The Sellers' nominated Bank 26 on delivery of the Vessel, but not later than 3 banking days after the Vessel is in every respect 27 physically ready for delivery in accordance with the terms and conditions of this Agreement and 28 Notice of Readiness has been given in accordance with Clause 5. 29

Appears in 2 contracts

Samples: Memorandum of Agreement (PLM Equipment Growth Fund Vi), Memorandum of Agreement (PLM Equipment Growth Fund V)

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