Common use of WHEN AND HOW EFFECTED Clause in Contracts

WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in quadruplicate and executed by each of the parties hereto.

Appears in 7 contracts

Samples: Shipbuilding Contract (TBS International PLC), Shipbuilding Contract (TBS International LTD), Shipbuilding Contract (TBS International LTD)

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WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in quadruplicate triplicate and executed by each of the parties hereto.

Appears in 7 contracts

Samples: Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.), Shipbuilding Contract (Performance Shipping Inc.)

WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties heretoSELLER and the BUYER, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in quadruplicate and executed by duly authorised representatives of each of the parties hereto.

Appears in 3 contracts

Samples: Shipbuilding Contract (Himalaya Shipping Ltd.), Shipbuilding Contract (Himalaya Shipping Ltd.), Shipbuilding Contract (Scorpio Bulkers Inc.)

WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in quadruplicate and executed by each of the parties hereto.

Appears in 2 contracts

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.), Shipbuilding Contract (Scorpio Bulkers Inc.)

WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this ContractCONTRACT, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by forthwith, and concurrently each of the parties heretohereto shall deliver, one to the other, of the Protocol of Delivery and Acceptance, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which . The Protocol of Delivery and Acceptance shall be prepared in quadruplicate triplicate and executed signed by each of the parties hereto.

Appears in 2 contracts

Samples: Shipbuilding Contract (Navigator Holdings Ltd.), Shipbuilding Contract (Navigator Holdings Ltd.)

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WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective obligations as stipulated in this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one to the other, of the Protocol of Delivery and Acceptance, as evidencing and acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol shall be prepared in quadruplicate and executed by each of the parties hereto.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

WHEN AND HOW EFFECTED. Provided that the BUYER and the SELLER shall each have fulfilled all of their respective its obligations as stipulated in under this Contract, the delivery of the VESSEL shall be effected forthwith by the concurrent delivery by each of the parties hereto, one Parties to the other, other of the Protocol of Delivery and AcceptancePROTOCOL OF DELIVERY AND ACCEPTANCE, acknowledging delivery of the VESSEL by the SELLER and acceptance thereof by the BUYER, which Protocol . The form of PROTOCOL OF DELIVERY AND ACCEPTANCE shall be prepared as set out in quadruplicate and executed by each of the parties heretoAppendix III to this Contract.

Appears in 1 contract

Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)

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