Definition of Permissible Delay Sample Clauses

Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph 1 of this Article and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.
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Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph I) of this Article and any other delays of a nature which under the terms of this Contract permits postponement of the delivery date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.
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Definition of Permissible Delay. (a) Force Majeure Delays together with any delays arising on account of the matters specified in Clauses 5.1, 5.2, 7.4, 12.3(a), 14.3, 18.1(c) and 18.1(d) and clause 6.1 of Appendix I (Form of Step In Agreement) shall be understood to be Permissible Delays and the Initial Acceptance Date and/or the Final Delivery Date, as the case may be, shall be automatically postponed by one (1) day for each day of delay so caused (pro rata for any part of a day) provided that the foregoing delays (other than those set out in Clauses 6.1, 6.2 and 12.3(a)) shall however only constitute Permissible Delays to the extent that the relevant cause(s) impact(s) on the updated critical path of the Vessel’s construction and/or delivery and thereby delay(s) such construction and/or delivery.
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Definition of Permissible Delay. Delays on account of such causes as provided for in Paragraph 1 of this Article and any other delays of a nature which under the terms of this Contract permit postponement of the Delivery Date, shall be understood to be (and are herein referred to as) “Permissible Delays”, and are to be distinguished from nonpermissible delays on account of which the Contract Price of the VESSEL is subject to adjustment as provided for in Article III hereof. Shipbuilding Contract For Construction of One 82,000 DWT Bulk Carrier (Hull No. )
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Definition of Permissible Delay. 8.4 RIGHT TO RESCIND FOR EXCESSIVE DELAY
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Definition of Permissible Delay. Delays on account of such causes as provided for in Paragraph 1 and 3 of this Article shall be understood to be (and are herein referred to as) permissible delays, and are to be distinguished from non-permissible delays on account of which the Contract Price of the VESSEL is subject to adjustment as provided for in Article III hereof. Date: 35/63 Shipbuilding Contract Hull No.
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