Common use of Tests and Surveys Clause in Contracts

Tests and Surveys. The Seller and the Sponsor will grant to the Buyer the right, exercisable at the Buyer’s risk and expense, to make such surveys, tests and inspections of the Vessels as the Buyer may deem desirable, so long as such surveys, tests or inspections do not damage the Vessels or interfere with the activities of the Seller Entities or the Charterer thereon so long as the Buyer has furnished the Seller and the Sponsor with evidence that adequate liability insurance is in full force and effect.

Appears in 3 contracts

Samples: Share Purchase Agreement (GasLog Partners LP), Share Purchase Agreement (GasLog Partners LP), Share Purchase Agreement

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Tests and Surveys. The Seller and the Sponsor will grant to the Buyer the right, exercisable at the Buyer’s risk and expense, to make such surveys, tests and inspections of the Vessels Vessel as the Buyer may deem desirable, so long as such surveys, tests or inspections do not damage the Vessels Vessel or interfere with the activities of the Seller Entities or the Charterer thereon so long as the Buyer has furnished the Seller and the Sponsor with evidence that adequate liability insurance is in full force and effect.

Appears in 1 contract

Samples: Share Purchase Agreement (GasLog Ltd.)

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