Fourth Instalment definition

Fourth Instalment means an amount which:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Fourth Instalment has the meaning ascribed thereto in Section 2.2(a)(iv) .

Fourth Instalment means, the fourth instalment of the Contract Price to be paid by the Guarantor to the Seller under the Building Contract in the amount of $8,160,000 on launching of the Vessel;

Examples of Fourth Instalment in a sentence

The Fourth Instalment shall be adjusted to take into account the difference between the Provisional Re-measurable Price and the Final Re-measurable Price through a Variation Order.
Upon the completion of the Commissioning of the Works provided in Appendix 1B to be carried out in the Yard, the Owner’s Representative and the Contractor’s Representative shall sign the Certificate of Vessel Leaving The Yard in the form set out in Appendix 10, whereupon (subject to the payment of the Fourth Instalment in accordance with Article 15.4d)) the care, custody and control of the Vessel shall pass from the Contractor to the Owner (“Vessel Leaving The Yard”).
So, Euro360,000.00 is payable upon signing of the Shipbuilding contract; Second Instalment : Upon laying of the keel; Third Instalment : Upon completion of the hull; Fourth Instalment : Upon delivery of the main engines to the Builder Fifth Instalment : Upon acceptance of delivery of the vessel by the Buyer, exworks Singapore.
The Fourth Instalment amounting to Six Million Three Hundred and Eighty Thousand United States Dollars (US$ 6,380,000.-) shall be due and payable upon keel laying of the VESSEL.
Within three (3) Banking Days after the Due Date of the Fourth Instalment the Buyer shall remit the Fourth Instalment by telegraphic transfer to the Seller’s Bank Account.
The period between the date hereof and the Fourth Instalment Date shall be the "Payment Period".
Repayment Date Amount (in percentage of all outstanding loan balance as at the expiry of the Availability Period) First Instalment 6 months from 1st drawdown USD500,000.- Second Instalment 12 months from 1st drawdown USD500,000.- Third Instalment 18 months from 1st drawdown USD500,000.- Fourth Instalment 24 months from 1st drawdown USD1,000,000.- Any amount of the Loan that is repaid cannot be re-drawn.
The payment of such sum to the Key Personnel and the senior management of the ND Target Group will fully discharge the Company’s obligation to pay the Fourth Instalment.
Global will, at FDM's reasonable request, execute, acknowledge and deliver any all additional documents and instruments as may be necessary in order to effectuate the transfer from Global to FDM of the Fourth Instalment Shares.
If the Revenue in the ND Target Group for the Second Period is less than the Second Target, the Company shall only be required to pay the Fourth Instalment to be adjusted as set out in the section headed “Adjustment Mechanism of the Consideration” below (with accumulative effect), within 7 Business Days from the date of the receipt of the relevant auditor’s certificate on the Revenue of the Second Period.

More Definitions of Fourth Instalment

Fourth Instalment means the amount to be paid at the Fourth Instalment Payment Date.

Fourth Instalment means the fourth instalment of the Option as defined in subsection 2.2(d);

Fourth Instalment as defined in Clause 4.2.5;

Fourth Instalment. Has the meaning set out in Clause 2.3(d);

Fourth Instalment means the sum of $125,000;

Fourth Instalment means, in relation to each Shipbuilding Contract, the fourth instalment of the relevant Contract Price payable by the Lessor to the Builder under Article 2.3 of such Shipbuilding Contract and described therein as the “Fourth Instalment”;