Rejection and cancellation Sample Clauses

Rejection and cancellation either exercise or fail to exercise any right which the relevant Owner may have to reject such Additional Ship or cancel or rescind or otherwise terminate the relevant Contract provided always that any such rejection of such Additional Ship or cancellation, rescission or other termination of the relevant Contract by the relevant Owner after such consent is given shall be without responsibility on the part of the Finance Parties who shall be under no liability whatsoever to the extent that such rejection, rescission, cancellation or termination is thereafter adjudged to constitute a repudiation or other breach of such Contract by the relevant Owner;
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Rejection and cancellation either exercise or fail to exercise any right which the Borrower may have to reject the Vessel or cancel or rescind or otherwise terminate the Building Contract Provided always that any such rejection of the Vessel or cancellation, rescission or other termination of the Building Contract by the Borrower after such consent is given shall be without responsibility on the part of the Agent which shall be under no liability whatsoever to the extent that such rejection, rescission, cancellation or termination is thereafter adjudged to constitute a repudiation or other breach of the Building Contract by the Borrower Provided always that if the Agent shall not respond (whether in the positive or the negative) within 30 days of any request for such consent being made the Agent shall be deemed to have consented to such request;
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Rejection and cancellation. Except with approval, the Borrower shall not exercise any right which it may have to permanently reject the Lampung FSRU or the Mooring or cancel or rescind or otherwise terminate the Building Contract, the Mooring EPC Contract or the Mooring Installation Contract.
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Rejection and cancellation. The Assignor will not, without not less than ten (10) days prior written notice to the Security Agent, exercise any right which the Assignor may have to issue a final rejection of the Vessel or cancel or rescind or otherwise terminate the Construction Contract, provided, always, that any such rejection, cancellation, rescission or other termination of the Construction Contract by the Assignor shall be without responsibility on the part of the Security Agent, which shall be under no liability whatsoever to the extent that such final rejection, cancellation, rescission or termination is thereafter adjudged to constitute a repudiation or other breach of the Construction Contract by the Assignor.
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Rejection and cancellation. Purchaser reserves the right to reject goods and to cancel all or any part of this order if Seller fails to deliver all or any part of the goods herein described in accordance with the terms, conditions, and specifications contained herein, or if such goods contain defective material or workmanship. In the event of a reject/defect finding, a disciplined problem report such as 8D and/or CAPA may be required to identify containment actions, root cause analysis, implementation of a solution and verification of the effectiveness of the solution. 24 hour containment may be necessary. Seller will credit or reimburse Purchaser for the purchase price of the rejected goods, as the case may be, or, in the case of defective goods, the Seller will replace such defective goods, in which case such replacement shall be covered by a new purchase order. Rejected goods shall be removed at the expense of Seller, including transportation both ways, promptly after notification of rejection. Seller shall bear all costs of inspection and all risks of loss of rejected goods, as well as any and all consequential and incidental damages. Acceptance of any part of the goods covered by this order shall not obligate Purchaser to accept future shipments nor deprive it of the right to revoke any acceptance theretofore given. If Seller ceases to conduct its operation in the ordinary course of business (including inability to meet its obligations as they mature), or if any proceeding under bankruptcy or insolvency laws is brought by or against Seller or if a receiver for Seller is appointed or applied for, or if an assignment for the benefit of creditors is made by Seller, Purchaser may cancel this order without liability except for deliveries previously made or for goods covered by this order then completed and subsequently delivered in accordance with the terms, conditions, and specifications contained herein.
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Rejection and cancellation. (4.1) If the Supplier fails to comply with any of the Terms and Conditions or the Goods do not fully comply with the Order, or it is clear to the Company that the Supplier is unable or will be unable to satisfy all or any part of the Order the Company shall be entitled at its sole discretion to reject the Goods and/or cancel the Order in its entirety (notwithstanding that the Title of the Goods will have passed on receipt of the Goods) by giving notice to the Supplier in writing.
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Rejection and cancellation. Except with approval of the Lender, the Borrower shall not exercise or waive any right which it may have to reject the Vessel or cancel or rescind or otherwise terminate any Transaction Document.
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Rejection and cancellation. Except with approval, Navigator Gas or, as the case may require, the relevant Owner shall not exercise any right which it may have to reject the relevant New Ship or cancel or rescind or otherwise terminate the Building Contract or the Novation Agreement.
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Related to Rejection and cancellation

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

  • Modification, Waiver, Termination and Cancellation No supplement, modification, termination, cancellation or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

  • Debt Cancellation Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower’s business.

  • Purchase for Cancellation Subject to applicable law, meeting the solvency requirements under Bermuda law and to the provisions described in Section 6, the Partnership may at any time purchase for cancellation the whole or any part of the Series 7 Preferred Limited Partnership Units Outstanding from time to time, in the open market through or from an investment dealer or any firm holding membership on a recognized stock exchange, or by private agreement or otherwise, at the lowest price or prices at which, in the opinion of the General Partner, such units are obtainable.

  • Section 309 Cancellation All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered shall be promptly cancelled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be disposed of as directed by a Company Order.

  • Notice of Cancellation Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to City.

  • Automatic cancellation The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

  • Rescission or Cancellation The Servicer shall not permit any rescission or cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in accordance with the normal operating procedures of the Servicer.

  • Voluntary cancellation Subject to the payment of SIMEST Break Costs, the Borrower may, if it gives the Agent not less than thirty-five (35) days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of the Available Facility. Any cancellation under this Clause 7.9 (Voluntary cancellation) shall reduce the Commitments of the Lenders rateably.

  • Cancellation and Destruction All Debentures shall forthwith after payment thereof be delivered to the Trustee and cancelled by it. All Debentures cancelled or required to be cancelled under this or any other provision of this Indenture shall be destroyed by the Trustee and, if required by the Corporation, the Trustee shall furnish to it a destruction certificate setting out the designating numbers of the Debentures so destroyed.

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