Shipbuilding Contracts. The Borrower shall have delivered to the Facility Agent a true and complete copy of each Shipbuilding Contract and evidence satisfactory to the Facility Agent that the Borrower has paid the first thirty five percent (35%) of the Contract Price for each Vessel.
Shipbuilding Contracts. (a) In relation to each New Ship, a copy of the Shipbuilding Contract relating to that Ship and of all documents signed or issued by the relevant Newbuild Owner which is a party to such Shipbuilding Contract or the Builder (or both of them) under or in connection with it.
Shipbuilding Contracts. (a) make any material change to either Shipbuilding Contract;
Shipbuilding Contracts. (a) The copies of each Initial Charter, the First Ship A MOA, the Ship A MOA and each Shipbuilding Contract delivered to the Agent before the date of this Agreement are true and complete copies;
Shipbuilding Contracts. The principal terms of the Shipbuilding Contracts are as follows:
Shipbuilding Contracts. The copies of each Shipbuilding Contract delivered to the Agent before the date of this Agreement are true and complete copies and no amendments or additions to either Shipbuilding Contract have been agreed which would result in a change of specification, classification, the characteristics, type, contract price or scheduled delivery date of the relevant Ship which could reasonably be considered material in the context of this Agreement Provided always that at the date of this Agreement, it is intended that the rights and obligations of the Existing Buyers under their respective Shipbuilding Contracts shall be assigned and transferred to each respective Owner at or prior to the Delivery Date of the relevant Ship under such Shipbuilding Contract.
Shipbuilding Contracts. 1. Contract for the construction and sale of a drillship Hull No. 1809 dated 24 July 2007, between Pacific Bora Ltd. (formerly Pamol Shipping Ltd.) and Samsung Heavy Industries Co., Ltd. (the “Bora Shipbuilding Contract”).
Shipbuilding Contracts. If Group Companies become party to 11 (eleven) or 12 (twelve) Shipbuilding Contracts following Completion, then each of the Investors shall, within 15 Business Days of the date on which the Administration Manager notifies the Investors and the Company of the execution of any such Shipbuilding Contract, and in order to achieve the change to the Shareholdings set out in Columns (2) or (3) in the table contained below in this Clause 5.2.1 (as appropriate), (depending upon the number of A Shares held by Grindrod prior to such transfer, the aggregate value of the Group’s then current funding requirement and tax considerations):
Shipbuilding Contracts. 4.1 Copies of all Shipbuilding Contracts and of all documents signed or issued by each Drillship Owner or the Builder (or both of them) under or in connection with each such agreement.
Shipbuilding Contracts. No Borrower shall (without the prior consent of the Agent on behalf of the Majority Lenders which shall not be unreasonably withheld or delayed) agree to any material amendment or variation to the terms and conditions of its Shipbuilding Contract, including, but not limited to, any variation or amendment which may extend the delivery date under such Shipbuilding Contract, or grant any waiver or release to the relevant builder of any of its duties and liabilities under such Shipbuilding Contract other than non-material waivers and releases.
