Termination of Builder’s Obligation to Insure Sample Clauses

Termination of Builder’s Obligation to Insure. Builder’s obligations to insure the Vessel hereunder shall cease and terminate forthwith upon delivery thereof to Buyer.
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Termination of Builder’s Obligation to Insure. The BUILDER shall be under no obligation to insure the VESSEL hereunder after delivery and acceptance of the VESSEL. (End of Article)
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Termination of Builder’s Obligation to Insure. The BUILDER shall be under no obligation to insure the DRILLSHIP hereunder after delivery thereof and acceptance by the BUYER. (End of Article)
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Termination of Builder’s Obligation to Insure. The Builder shall be under no obligation to insure the Vessel hereunder after physical delivery to and acceptance by the Buyer of the Vessel. (End of Article)
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Termination of Builder’s Obligation to Insure. The BUILDER’s obligation to insure the VESSEL hereunder shall cease and terminate upon delivery thereof and acceptance by the BUYER.
Sample 1
Termination of Builder’s Obligation to Insure. The BUILDER shall be under no obligation to insure the DRILLSHIP hereunder after delivery of the DRILLSHIP. (End of Article) --------------------------------------------------
Sample 1
Termination of Builder’s Obligation to Insure. The BUILDER's obligation to insure the VESSEL hereunder shall cease and terminate forthwith upon delivery thereof to and acceptance by the BUYER. Should a VESSEL remain moored at the SHIPYARD for more than 7 calendar days following delivery and acceptance of such VESSEL, BUYER shall insure the VESSEL against risk of loss naming MarAd and the BUILDER as additional assureds and MarAd as sole loss payee with a waiver by the insurers of the right of subrogation.
Sample 1
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Termination of Builder’s Obligation to Insure. The Builder shall be under no obligation to insure the Vessels hereunder after delivery and acceptance of the Vessels by the Buyer.
Sample 1

Related to Termination of Builder’s Obligation to Insure

  • Termination of Obligation to Insure Unless otherwise expressly provided to the contrary, the obligation to insure as provided herein shall not terminate until the Design Professional shall have executed the Certificate of Material Completion.

  • CONDITIONS PRECEDENT TO THE BUYER’S OBLIGATION TO PURCHASE The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

  • CONDITIONS PRECEDENT TO SELLER'S OBLIGATION TO CLOSE Sellers' obligation to sell the Shares and to take the other actions required to be taken by Sellers at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Sellers, in whole or in part):

  • Conditions to Each Party’s Obligation to Effect the Closing The respective obligation of each party to effect the Closing shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions:

  • Conditions to Each Party’s Obligation to Effect the Merger The respective obligation of each party to effect the Merger is subject to the satisfaction or waiver on or prior to the Closing Date of the following conditions:

  • CONDITIONS PRECEDENT TO PURCHASER'S OBLIGATION TO CLOSE Purchaser’s obligation to purchase the Assets and to take the other actions required to be taken by Purchaser at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Purchaser, in whole or in part, in writing):

  • Conditions to Seller’s Obligation to Close The obligation of the Seller to convey the Property to the Purchaser is subject to the satisfaction of the following conditions precedent on and as of the Closing Date:

  • CONDITIONS PRECEDENT TO BUYER'S OBLIGATION TO CLOSE Buyer's obligation to purchase the Shares and to take the other actions required to be taken by Buyer at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by Buyer, in whole or in part):

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Conditions to The Buyer’s Obligation to Purchase The obligation of the Buyer hereunder to purchase the Note at the Closing is subject to the satisfaction, at or before the Closing Date of each of the following conditions, provided that these conditions are for the Buyer’s sole benefit and may be waived by the Buyer at any time in its sole discretion:

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