Common use of Price Payable Clause in Contracts

Price Payable. The price payable by the Company to the HHI Builder pursuant to the Shipbuilding Contract as at Completion is USD 94,475,000 (ninety four million, four hundred and seventy five thousand US dollars) (which amount includes USD 900,000 (nine hundred thousand US dollars) of extras, but excludes buyer’s supplies as defined in the Shipbuilding Contract). (a) Indebtedness The Company does not have outstanding nor has it incurred or agreed to incur any Indebtedness.

Appears in 2 contracts

Sources: Agreement for the Sale and Purchase of Shares (Gener8 Maritime, Inc.), Agreement for the Sale and Purchase of Shares (Gener8 Maritime, Inc.)