Delivery Instalment means, in relation to a Ship, the instalment of the Contract Price for such Ship falling due on its Delivery.
Delivery Instalment means the instalment of the Contract Price falling due on Delivery.
Delivery Instalment means an amount which:
Examples of Delivery Instalment in a sentence
Subject always to the conditions in this Clause 7 and the other terms of this Agreement, the Sellers may request the Buyers to pre-position the Delivery Instalment to the SBC Sellers' Bank in accordance with the relevant Payment Notice.
More Definitions of Delivery Instalment
Delivery Instalment means the Fifth Instalment.
Delivery Instalment means the instalment of the Contract Price of a Vessel payable by the Owner thereof to the Builder on the Delivery Date of that Vessel in accordance with the Shipbuilding Contract related to such Vessel and, in the plural, means both of them;
Delivery Instalment has the meaning given in Clause 2.1. “Delivery Instalment Due Date” has the meaning given in Clause 2.2. “Due Date” means the Delivery Instalment Due Date and any Post Delivery Instalment Due Date and in the plural means both of them. “Event of Default” has the meaning given in Clause 8. “First Loan” means the Loan or to be made available to, amongst others, the Buyer by the First Mortgagee in respect of (inter alia) the Vessel.
Delivery Instalment means, in respect of a New Ship, the part of the Contract Price due to the Builder under Article 10(c)(v) of the Shipbuilding Contract applicable to that New Ship on its Delivery Date.
Delivery Instalment means in relation to (i) each Existing Ship, the Contract Instalment of that Existing Ship in the amount of Fourteen million Dollars ($14,000,000) payable by the relevant Borrower to the relevant Builder under Clause 2 (e) of Article X of the relevant Existing Contract and (ii) an Additional Ship or a Substitute Ship, the Contract Installment payable by the relevant Collateral Owner to the relevant Builder on the relevant Delivery Instalment Payment Date under the relevant Contract and, in the plural, means all of them;
Delivery Instalment has the meaning given in Clause 3.1.
Delivery Instalment means, in relation to each Shipbuilding Contract, the fifth instalment of the relevant Contract Price payable by the Lessor to the Builder on the delivery of the relevant Ship under Article 2.3 of such Shipbuilding Contract and described therein as the “Fifth (Final) Instalment”;