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;
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;
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.
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.
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.
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.
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.
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.
