Common use of Construction Milestones Clause in Contracts

Construction Milestones. (a) Project milestone for Instalment Loan 2: • start of steel cutting for the Vessel (b) Project milestones for Instalment Loan 3: • start of keel laying for Vessel (c) Project milestones for Delivery Loan: • tender of Vessel for Delivery

Appears in 4 contracts

Sources: Credit Facility Agreement (Ocean Rig UDW Inc.), Credit Agreement (Ocean Rig UDW Inc.), Credit Facility Agreement (Ocean Rig UDW Inc.)

Construction Milestones. (a) Project milestone for Instalment Loan 2: start of steel cutting for the Vessel (b) Project milestones for Instalment Loan 3: start of keel laying for Vessel (c) Project milestones for Delivery Loan: tender of Vessel for Delivery

Appears in 2 contracts

Sources: Credit Facility Agreement (DryShips Inc.), Credit Facility Agreement (DryShips Inc.)

Construction Milestones. (a) Project milestone for Instalment Loan 2: · start of steel cutting for the Vessel (b) Project milestones for Instalment Loan 3: • 3 · start of keel laying for Vessel (c) Project milestones for Delivery Loan: · tender of Vessel for Delivery

Appears in 1 contract

Sources: Credit Facility Agreement (Ocean Rig UDW Inc.)

Construction Milestones. (a) Project milestone for Instalment Loan 2: · start of steel cutting for the Vessel (b) Project milestones for Instalment Loan 3: start of keel laying for Vessel (c) Project milestones for Delivery Loan: · tender of Vessel for Delivery

Appears in 1 contract

Sources: Credit Facility Agreement (Ocean Rig UDW Inc.)