Common use of Performance by Builder Clause in Contracts

Performance by Builder. use its best endeavours to ensure that the Builder of such Additional Ship observes and performs all conditions and obligations imposed on it by the relevant Contract and take all steps within its power to ensure that the Builder proceeds with the construction of such Additional Ship with due diligence and despatch;

Appears in 4 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Supplemental Agreement (Top Ships Inc.), Agreement (Aries Maritime Transport LTD)

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Performance by Builder. to use its best endeavours to ensure that the Builder of such Additional Ship observes performs its obligations under the Shipbuilding Contracts and performs all conditions and obligations imposed on it by builds the relevant Contract and take all steps within its power to ensure that the Builder proceeds with the construction of such Additional Ship with due diligence and despatchShips diligently;

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Performance by Builder. use its best endeavours to ensure that the Builder of such Additional Ship observes and performs all conditions and obligations imposed on it by the relevant Contract and take all steps within its power to ensure that the Builder proceeds with the construction of such Additional the Ship with due diligence and despatch;

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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Performance by Builder. use its best endeavours to ensure that the Builder of such Additional Ship observes and performs all conditions and obligations imposed on it by the relevant Contract (including the provision of the relevant Refund Guarantee) and take all steps within its power to ensure that the Builder proceeds with the construction of such Additional Ship with due diligence and despatch;

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

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