Common use of WHEN AND HOW EFFECTED Clause in Contracts

WHEN AND HOW EFFECTED. Provided that Buyer shall have fulfilled all of its obligations under this Contract (including, but not limited to, full payment of the Contract Price and settlement of any indebtedness to Builder), delivery of the Vessel shall be duly made hereunder by Builder, and such delivery shall be evidenced by a Protocol of Delivery and Acceptance signed by the parties hereto, acknowledging delivery of the Vessel by Builder and acceptance thereof by Buyer.

Appears in 6 contracts

Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Construction and Sale (Gener8 Maritime, Inc.), Construction and Sale (Gener8 Maritime, Inc.)

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WHEN AND HOW EFFECTED. Provided that the Buyer shall have effected all payments hereunder due on and before delivery of the Vessel and both parties hereto have fulfilled all of its their obligations under this Contract Contract, (including, but not limited to, full payment including delivery to the Buyer of the Contract Price and settlement documents specified in paragraph 3 of any indebtedness to Builder), his Article) delivery of the Vessel shall be duly made hereunder effected forthwith by Builder, and such the concurrent delivery shall be evidenced by a each of the parties hereto to the other of the Protocol of Delivery and Acceptance signed by the parties heretoAcceptance, acknowledging delivery of the Vessel by Builder the Seller and acceptance thereof by the Buyer.

Appears in 2 contracts

Samples: Construction and Sale (Safe Bulkers, Inc.), Shipsales Contract (Safe Bulkers, Inc.)

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WHEN AND HOW EFFECTED. Provided that Buyer shall have fulfilled all of its obligations under this Contract (including, but not limited to, full payment of the Contract Price and settlement of any indebtedness to Builder), delivery of the Vessel shall be duly made hereunder by Builder, Builder and such delivery shall be evidenced by a Protocol of Delivery and Acceptance signed by the parties hereto, acknowledging delivery of the Vessel by Builder and acceptance thereof by Buyer.

Appears in 1 contract

Samples: Shipbuilding Contract (Scorpio Bulkers Inc.)

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