Common use of Discharge of Obligations Clause in Contracts

Discharge of Obligations. Upon such refund by the BUILDER to the BUYER, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be forthwith completely discharged. (End of Article)

Appears in 9 contracts

Samples: Construction and Sale (Scorpio Bulkers Inc.), Construction and Sale (Danaos Corp), Construction and Sale (Danaos Corp)

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Discharge of Obligations. Upon such refund by the BUILDER to the BUYER, and upon compliance with the provisions of Paragraph 2.(d) of this Article, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract CONTRACT shall be forthwith completely discharged. (End of Article)

Appears in 4 contracts

Samples: Shipbuilding Contract (Seaspan CORP), Shipbuilding Contract (Seaspan CORP), Shipbuilding Contract (Seaspan CORP)

Discharge of Obligations. Upon such refund refundment by the BUILDER to the BUYER, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract CONTRACT shall be forthwith completely discharged. (End of Article).

Appears in 4 contracts

Samples: The Construction and Sale (Atwood Oceanics Inc), Construction and Sale (Atwood Oceanics Inc), Contract (Atwood Oceanics Inc)

Discharge of Obligations. Upon such refund by the BUILDER to the BUYER, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be forthwith completely discharged. (End of Article).

Appears in 3 contracts

Samples: Tsakos Energy Navigation LTD, Contract (Alexander & Baldwin Inc), Contract (Alexander & Baldwin Inc)

Discharge of Obligations. Upon such refund by the BUILDER SELLERS to the BUYER, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be forthwith completely discharged. (End of Article)

Appears in 3 contracts

Samples: Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD)

Discharge of Obligations. Upon such refund by the BUILDER to the BUYER, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be forthwith completely discharged, without prejudice, however, to any claims either party may have resulting from the other party's breach of any of its obligations under this Contract. (End of Article)

Appears in 3 contracts

Samples: Construction and Sale (DryShips Inc.), Construction and Sale (DryShips Inc.), Contract (DryShips Inc.)

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Discharge of Obligations. Upon such refund by the BUILDER Seller to the BUYERBuyer, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be forthwith completely discharged. (End of Article).

Appears in 2 contracts

Samples: International Shipholding Corp, International Shipholding Corp

Discharge of Obligations. Upon such refund by the BUILDER SELLER to the BUYER, all obligations, duties and liabilities of each of the parties hereto Parties to the other under this Contract shall be forthwith completely discharged. (End of Article).

Appears in 1 contract

Samples: Shipbuilding Contract (Aegean Marine Petroleum Network Inc.)

Discharge of Obligations. Upon such refund by the BUILDER to the BUYER, all obligations, duties and liabilities of each of the parties hereto to the other under this Contract shall be forthwith completely discharged. (End of Article)) 40

Appears in 1 contract

Samples: www.dieselduck.info

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