Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.
Appears in 9 contracts
Samples: Shipbuilding Contract (Alma Maritime LTD), Shipbuilding Contract (Alma Maritime LTD), Shipbuilding Contract (Tsakos Energy Navigation LTD)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.. (End of Article)
Appears in 5 contracts
Samples: Shipbuilding Contract (Seaspan CORP), Shipbuilding Contract (Seaspan CORP), Shipbuilding Contract (Seaspan CORP)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER Buyer cancels this CONTRACT Contract under this Article, the BUYER Buyer shall not be entitled to any liquidated damages, or any other recourse, except what is provided for in Article 10 (g), (h) of this Contract.
Appears in 4 contracts
Samples: Shipbuilding Contract (Ardmore Shipping Corp), Shipbuilding Contract (Ardmore Shipping Corp), Shipbuilding Contract (Ardmore Shipping Corp)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages and BUYER's remedies shall be limited to BUYER's rights set out in Article X hereof. (End of Article)
Appears in 4 contracts
Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.. (End of Article) ****** -
Appears in 3 contracts
Samples: Shipbuilding Contract (International Shipholding Corp), Shipbuilding Contract (International Shipholding Corp), Shipbuilding Contract (International Shipholding Corp)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages and BUYER's remedies shall be limited to BUYER's rights set out in Article X hereof. (End of Article) Hull 2749
Appears in 2 contracts
Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages but shall be entitled to the refunding of the price as per Art. X.5. (End of Article)
Appears in 2 contracts
Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages and BUYER's remedies shall be limited to BUYER's rights set out in Article X hereof. (End of Article) Hull 2748
Appears in 2 contracts
Samples: Shipbuilding Contract (DHT Holdings, Inc.), Shipbuilding Contract (DHT Holdings, Inc.)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages but shall be entitled to the refunding of the price as per Article X.5. (End of Article)
Appears in 2 contracts
Samples: Shipbuilding Contract (Gener8 Maritime, Inc.), Shipbuilding Contract (Gener8 Maritime, Inc.)
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages and the BUYER’s remedies shall be limited to the BUYER’s rights set out in Article XI hereof. (End of Article)
Appears in 1 contract
Effect of Cancellation. It is expressly understood and agreed by the parties hereto that in any case, if the BUYER cancels this CONTRACT under this Article, the BUYER shall not be entitled to any liquidated damages.damages and BUYER’s remedies shall be limited to BUYER’s rights set out in Article X hereof. (End of Article)
Appears in 1 contract
