Common use of Pre-position Clause in Contracts

Pre-position. Subject always to the conditions in this Clause 7 and the other terms of this Agreement, the Sellers may request the Buyers to pre-position the Delivery Instalment to the Builder’s Bank in accordance with the relevant Payment Notice by way of a Direct Payment.

Appears in 4 contracts

Samples: Memorandum of Agreement (Himalaya Shipping Ltd.), Memorandum of Agreement (Himalaya Shipping Ltd.), Memorandum of Agreement (Himalaya Shipping Ltd.)

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Pre-position. Subject always to the conditions in this Clause 7 and the other terms of this Agreement, the Sellers may request the Buyers to pre-position the Delivery Instalment, the Extra Amount Instalment and, if applicable, the Extra Amount Balance Portion to the Builder’s 's Bank in each case in accordance with the relevant Payment Notice by way of a Direct PaymentNotice.

Appears in 3 contracts

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

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Pre-position. Subject always to the conditions in this Clause 7 and the other terms of this Agreement, the Sellers may request the Buyers to pre-position the Delivery Instalment to the Builder’s SBC Sellers' Bank in accordance with the relevant Payment Notice by way of a Direct PaymentNotice.

Appears in 1 contract

Samples: Memorandum of Agreement

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