Common use of Conditions Precedent to Obligations of HLL Clause in Contracts

Conditions Precedent to Obligations of HLL. The obligations of HLL to accept delivery of each Vessel under the Charter for such Vessel are subject to the satisfaction, fulfillment or waiver by HLL in its sole discretion of the following conditions precedent as of the relevant Vessel Delivery Date:

Appears in 2 contracts

Sources: Agreement to Acquire and Charter (Horizon Lines, Inc.), Agreement to Acquire and Charter (Horizon Lines, Inc.)