Effect of Default. (a) If any default by the BUYER occurs as provided hereinbefore, the Delivery Date shall be automatically postponed for a period of continuance of such default by the BUYER.
Appears in 11 contracts
Samples: Shipsale Contract (Globus Maritime LTD), Shipsale Contract (Globus Maritime LTD), Shipbuilding Contract (Globus Maritime LTD)
Effect of Default. (a) a. If any default by the BUYER occurs as provided hereinbefore, the Delivery Date shall be automatically postponed for a period of continuance of such default by the BUYER.
Appears in 2 contracts
Samples: Contract (Alexander & Baldwin Inc), Contract (Alexander & Baldwin Inc)
Effect of Default. (a) If any default by the BUYER occurs Buyer as provided hereinbeforehereinbefore occurs, the Expected Delivery Date shall be automatically postponed for a the period of continuance of such default by the BUYERBuyer.
Appears in 2 contracts
Samples: Shipsales Contract (Safe Bulkers, Inc.), Construction and Sale (Safe Bulkers, Inc.)
Effect of Default. (a) If any default by the BUYER occurs as provided hereinbefore, the Delivery Date BUILDER shall be automatically postponed entitled to postpone the DELIVERY DATE for a days not exceeding the period of continuance of such default by the BUYER.
Appears in 1 contract
Effect of Default. (a) If any default by the BUYER Owner occurs as provided hereinbeforeherein before, the Delivery Date shall be automatically postponed for a the period from the respective due date of continuance of such default by the BUYEROwner.
Appears in 1 contract
