Examples of Initial Acceptance Date in a sentence
If Initial Acceptance of the Drilling Rig does not occur on or before the Initial Acceptance Date, then Construction Supervisor shall pay in full the amounts required by Section 6.1 on or before the date specified in such demand which date shall be no earlier than the later to occur of (i) Initial Acceptance Date, or (ii) 50 days after the making of the demand contemplated by this Section 4.3(a).
In the event that Builder believes that the Vessel will be completed and ready for Initial Acceptance or, as the case may be, Final Delivery on a date earlier than the Initial Acceptance Date or the Final Delivery Date (as the case may be), then Builder may give written notice to Buyer of the revised date on which the Vessel will be ready for Initial Acceptance or the Final Delivery (as the case may be).
Not later than one hundred and eighty (180) days prior to the Initial Acceptance Date, Builder shall provide to Buyer a provisional inventory of spare parts for Buyer’s review and approval.
If the Initial Acceptance Date does not occur, this Supplemental Indenture will be null and void and cease to be effective and the Indenture will remain in effect in its current form.
The duty of enjoining Ma’aruf and forbidding Munkar is general and not restricted.