Examples of Memorandum of Agreement in a sentence
Upon the date of any written notification by the Charterers to the Owners of their intention to purchase the Vessel, the Owners and the Charterers shall be deemed to have unconditionally entered into a contract to sell and purchase the Vessel for the Remaining Purchase Option Price on and in strict conformity with the terms and conditions contained in the Memorandum of Agreement attached to this Charter as Exhibit A (the “PO MOA”).
In this Agreement, each calendar year beginning on January 1, 2023, or fraction thereof, during the term of this Memorandum of Agreement is referred to as an "Employment Year".
Upon the date of any written notification by the Charterers to the Owners of their intention to purchase the Vessel, the Owners and the Charterers shall be deemed to have unconditionally entered into a contract to sell and purchase the Vessel for the Purchase Option Price on and in strict conformity with the terms and conditions contained in the Memorandum of Agreement attached to this Charter as Exhibit A (the “PO MOA”).
Continuation of Memorandum of Agreement: the Memorandum of Agreement being effective throughout the Pre-Delivery Period.