Tender of VESSEL. If Buyer fails to take delivery of the Vessel after completion thereof according to this Contract and the Specifications, Builder shall have the right to tender the delivery of the Vessel to Buyer. Such tender shall be made by Builder by a notice to Buyer stating that the Vessel is tendered for delivery pursuant to Article VII.4 of the Contract.
Appears in 6 contracts
Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)
Tender of VESSEL. If Buyer the Owner fails to take delivery of the Vessel after completion thereof according to this Contract and the SpecificationsSpecifications without any justifiable reason, the Builder shall nevertheless have the right to tender the delivery of the Vessel to Buyer. Such tender shall be made by Builder by a notice to Buyer stating that the Vessel is tendered for delivery pursuant to Article VII.4 of the Contractafter compliance with all procedural requirements as above provided.
Appears in 1 contract
Tender of VESSEL. If Buyer fails to take delivery of the Vessel after completion thereof according to this Contract and the Specifications, the Builder shall have the right to tender the delivery of the Vessel to Buyer. Such tender shall be made by Builder by a notice to Buyer stating that the Vessel is tendered for delivery pursuant to Article VII.4 of the Contract.
Appears in 1 contract
