Common use of Construction Supervision Clause in Contracts

Construction Supervision. (a) The Owner shall give to the Facility Agent and the Technical Adviser notice of any meetings of the Owner or the Owner’s representatives with the Builder or between the Owner or the Owner’s representatives and any Charterer or the Charterer’s representatives where material divergence from the Specification (as defined in the Shipbuilding Contract) is being discussed. Following any such meeting, the Owner shall notify the Facility Agent and the Technical Adviser of the outcome of such meeting. Such advance notice and notice of the outcome shall be contained in the quarterly technical reports referred to in Clause 15.3(d).

Appears in 5 contracts

Samples: Agreement (Ocean Rig UDW Inc.), Agreement (DryShips Inc.), Agreement (DryShips Inc.)

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Construction Supervision. (a) The Owner shall give to the Facility Agent and the Technical Adviser notice of any meetings of the Owner or the Owner’s 's representatives with the Builder or between the Owner or the Owner’s 's representatives and any Charterer or the Charterer’s 's representatives where material divergence from the Specification (as defined in the Shipbuilding Contract) is being discussed. Following any such meeting, the Owner shall notify the Facility Agent and the Technical Adviser of the outcome of such meeting. Such advance notice and notice of the outcome shall be contained in the quarterly technical reports referred to in Clause 15.3(d).

Appears in 2 contracts

Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.)

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Construction Supervision. (a) The Owner shall give to the Facility Agent and the Technical Adviser notice of any meetings of the Owner or the Owner’s representatives with the Builder or between the Owner or the Owner’s representatives and any Charterer or the Charterer’s representatives where material divergence from the Specification (as defined in the Shipbuilding Contract) is being discussed. Following any such meeting, the Owner shall notify the Facility Agent and the Technical Technical. Adviser of the outcome of such meeting. Such advance notice and notice of the outcome shall be contained in the quarterly technical reports referred to in Clause 15.3(d).

Appears in 1 contract

Samples: Credit Agreement (Ocean Rig UDW Inc.)

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