Definition of Default. The BUYER shall be deemed to be in default of performance of its obligations under this Contract in the following cases:
Appears in 15 contracts
Samples: Construction and Sale (Scorpio Bulkers Inc.), Shipbuilding Contract (Globus Maritime LTD), Shipbuilding Contract (Safe Bulkers, Inc.)
Definition of Default. The BUYER Owner shall be deemed to be in default of performance of its obligations under this Contract in the following cases:
Appears in 9 contracts
Samples: Shipbuilding Contract (Gulfmark Offshore Inc), Seabulk International Inc, Seabulk International Inc
Definition of Default. The BUYER shall be deemed to be in default of its performance of its obligations under this Contract in the following casescases :
Appears in 7 contracts
Samples: Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp)
Definition of Default. The BUYER Buyer shall be deemed to be in default of performance of its obligations under this Contract in any of the following casesevents:
Appears in 7 contracts
Samples: Construction and Sale (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.), Construction and Sale (Gener8 Maritime, Inc.)
Definition of Default. The BUYER shall be deemed to be in default of its performance of its obligations under this Contract in the following cases:
Appears in 6 contracts
Samples: Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.)
Definition of Default. The BUYER shall be deemed to be in default of performance of its obligations under this Contract CONTRACT in the following cases:
Appears in 4 contracts
Samples: Construction and Sale (Atwood Oceanics Inc), The Construction and Sale (Atwood Oceanics Inc), Construction and Sale (Atwood Oceanics Inc)
Definition of Default. The BUYER Buyer shall be deemed to be in default of performance of its obligations under this Contract in the following cases:
Appears in 4 contracts
Samples: Sale and Purchase, Sale and Purchase, International Shipholding Corp
Definition of Default. The BUYER OWNER shall be deemed to be in default of its performance of its obligations under this Contract in the following cases:
Appears in 2 contracts
Samples: R&b Falcon Corp, R&b Falcon Corp
Definition of Default. The BUYER Buyer shall be deemed to be in default of performance of its obligations under this Contract in the following cases:
Appears in 2 contracts
Samples: Construction and Sale (Safe Bulkers, Inc.), Shipsales Contract (Safe Bulkers, Inc.)
Definition of Default. The BUYER Buyer shall be deemed to be in default of performance of its obligations under this Contract in the following cases:
Appears in 1 contract
