Tender of DRILLSHIP. If BUYER fails to take DELIVERY of the DRILLSHIP after completion thereof according to this CONTRACT and the SPECIFICATIONS, BUILDER shall have the right formally to tender the DRILLSHIP to BUYER for DELIVERY for the purposes of Article XI.1(b). Such tender shall be made by BUILDER by a notice to BUYER stating that the DRILLSHIP is tendered for delivery pursuant to Article VII.7 of the CONTRACT.
Appears in 4 contracts
Samples: Construction Contract (Atwood Oceanics Inc), Construction Contract (Atwood Oceanics Inc), Construction Contract (Atwood Oceanics Inc)
