Common use of Validity of demands Clause in Contracts

Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the Bareboat Charterer under a Leasing Document; and (b) at the same time as the service of the Termination Notice referred to under clause 47.2 of the Bareboat Charter; and a demand under this Guarantee should specifically refer to each amount payable under or in connection with a Leasing Document.

Appears in 3 contracts

Samples: Guarantee, Guarantee, Guarantee

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Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the Bareboat Charterer under a Leasing Document; and; (b) at the same time as the service of the Termination Notice referred to a notice under clause 47.2 44.2 of the Bareboat Charter; and a demand under this Guarantee should specifically may refer to each amount all amounts payable under or in connection with a Leasing DocumentDocument without specifying a particular sum or aggregate sum.

Appears in 1 contract

Samples: Guarantee (United Maritime Corp)

Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the Bareboat Charterer under a Leasing Document; and; (b) at the same time as the service of the Termination Notice referred to a notice under clause 47.2 44.2 of the Bareboat Charter; and a demand under this Guarantee should specifically may refer to each amount all amounts payable under or in connection with a Leasing Document.Document without specifying a particular sum or aggregate sum. 16 Huarong UMC – Guarantee (m.v. "Tradership")

Appears in 1 contract

Samples: Guarantee (United Maritime Corp)

Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: (a) on the date on which the amount to which it relates is payable by the Bareboat Charterer under a Leasing Document; and; (b) at the same time as the service of the Termination Notice referred to a notice under clause 47.2 44.2 of the Bareboat Charter; and a demand under this Guarantee should specifically may refer to each amount all amounts payable under or in connection with a Leasing Document.Document without specifying a particular sum or aggregate sum. 16 Huarong UMC – Guarantee (m.v. "Goodship")

Appears in 1 contract

Samples: Guarantee (United Maritime Corp)

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Validity of demands. A demand under this Guarantee shall be valid notwithstanding that it is served: : (a) on the date on which the amount to which it relates is payable by the Bareboat Charterer relevant Person (other than the Approved Manager) under the Leasing Document to which it is a Leasing Documentparty; and (b) at the same time as the service of the Termination Notice referred to a notice under clause 47.2 44 of the Bareboat Charter; and a demand under this Guarantee should specifically may refer to each amount all amounts payable under or in connection with the Bareboat Charter or other Leasing Document without specifying a Leasing Documentparticular sum or aggregate sum.

Appears in 1 contract

Samples: Guarantee (DryShips Inc.)

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