Supplemental Construction Agreement definition

Supplemental Construction Agreement means the supplemental construction agreement made or to be made between each Vessel Owning Company and the Charterer in relation to the relevant Shipbuilding Contract of the relevant Vessel.
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Supplemental Construction Agreement means the Supplemental Construction Agreement, dated as of October 20, 2003 (as amended by Amendment No. 1 to Supplemental Construction Agreement, dated as of October 21, 2003), by and between the Owner Lessor and TEP.
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Supplemental Construction Agreement means the agreement of that name dated [ ] 2014 between Buyer and Charterer regulating the construction of the Vessel; and
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Examples of Supplemental Construction Agreement in a sentence

  • The Group considers that, save as disclosed, the additional consideration as agreed in the Supplemental Construction Agreement would not materially affect the disclosures made in the Circular.

  • The Adjusted Consideration as agreed in the Supplemental Construction Agreement was arrived at after arm’s length negotiations among Casablanca Huizhou and Huizhou Dongjiang and with reference to the project cost budget prepared by Huizhou Jianxun based on the alteration of relevant design of the Construction.

  • The Board considers that the Supplemental Construction Agreement (in particular the Adjusted Consideration) does not constitute a material variation to the original terms under the Construction Agreement.

  • The Directors consider that the Adjusted Consideration and the terms of the Supplemental Construction Agreement are on normal commercial terms, fair and reasonable and in the interests of the Company and the Shareholders as a whole.

  • However, Casablanca Huizhou has been informed by Huizhou Dongjiang that the completion of the Construction is delayed due to, among others, the increased period of time required for preparing construction and fire-control schematic layouts, in relation to the alteration of design of the new factory building under the Supplemental Construction Agreement, for the purpose of fulfilling the requirements as to fire-control inspections.

  • The new total consideration (as adjusted) under the Construction Agreement (as supplemented by the Supplemental Construction Agreement) is RMB48,580,395 (equivalent to approximately HK$57,811,000) (the “Adjusted Consideration”).

  • The Supplemental Construction Agreement shall not affect the payment schedule and the completion of the Construction, which is still expected to complete within 365 days after the actual commencement date of the Construction on 18 December 2020, subject to the satisfaction of the relevant governmental authorities and Casablanca Huizhou.