Common use of Fourth Installment Clause in Contracts

Fourth Installment. The Fourth Installment amounting to Thirty Four Millions Four Hundred Eighty Eight Thousand United States Dollars (US$ 34,488,000), plus any increase or minus any decrease due to adjustments of the Contract Price under and pursuant to the provisions of this Contract, shall be due and payable upon delivery of the VESSEL or upon tender for delivery of the VESSEL referred to in Paragraph 4 of Article VII of this Contract.

Appears in 2 contracts

Sources: Shipbuilding and Construction Agreement (Stolt Nielsen S A), Shipbuilding and Construction Agreement (Stolt Nielsen S A)

Fourth Installment. The Fourth Installment amounting to Thirty Four Millions Four Hundred Eighty Eight Thousand United States Dollars (US$ 34,488,000), Ninety-Eight Million Eight Hundred and Ten Thousand Six Hundred(US$98,810,600) plus any increase or minus any decrease due to adjustments adjustment of the Contract Price under and pursuant to the provisions of this Contract, shall be due and payable upon delivery of the VESSEL or upon tender for delivery of the VESSEL referred pursuant to in Paragraph 4 of Article VII of this Contract.

Appears in 1 contract

Sources: Contract for Construction and Sale of Vessel (R&b Falcon Corp)