Definition of Permissible Delay Sample Clauses
The Definition of Permissible Delay clause establishes what types of delays are considered acceptable under a contract without constituting a breach or triggering penalties. It typically outlines specific events or circumstances—such as force majeure, regulatory changes, or unforeseen site conditions—that, if they occur, allow a party extra time to fulfill their obligations. By clearly identifying which delays are permissible, this clause helps prevent disputes over project timelines and allocates risk for unexpected events, ensuring both parties have a shared understanding of acceptable schedule adjustments.
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Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph 1 of this Article and any other delay of a nature which under the terms of this Contract permits postponement of the Delivery Date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.
Definition of Permissible Delay. Delays on account of such causes as provided for in Paragraph 1 and 3 of this Article shall be understood to be (and are herein referred to as) permissible delays, and are to be distinguished from non-permissible delays on account of which the Contract Price of the VESSEL is subject to adjustment as provided for in Article III hereof. Date: 35/63 Shipbuilding Contract Hull No.
Definition of Permissible Delay. RIGHT TO RESCIND FOR EXCESSIVE DELAY
Definition of Permissible Delay. Delays on account of such causes as specified in Paragraph I) of this Article and any other delays of a nature which under the terms of this Contract permits postponement of the delivery date shall be understood to be permissible delays and are to be distinguished from unauthorized delays on account of which the Contract Price is subject to adjustment as provided for in Article III hereof.
Definition of Permissible Delay. (a) Force Majeure Delays together with any delays arising on account of the matters specified in Clauses 5.1, 5.2, 7.4, 12.3(a), 14.3, 18.1(c) and 18.1(d) and clause 6.1 of Appendix I (Form of Step In Agreement) shall be understood to be Permissible Delays and the Initial Acceptance Date and/or the Final Delivery Date, as the case may be, shall be automatically postponed by one (1) day for each day of delay so caused (pro rata for any part of a day) provided that the foregoing delays (other than those set out in Clauses 6.1, 6.2 and 12.3(a)) shall however only constitute Permissible Delays to the extent that the relevant cause(s) impact(s) on the updated critical path of the Vessel’s construction and/or delivery and thereby delay(s) such construction and/or delivery.
(b) In addition, in relation to the Final Delivery Date, any delay caused by Manager not performing its obligations under the Ice Trials Management Agreement or Charterer not performing any of the obligations referred to in Clause 7.3(c) shall be Permissible Delays and the Final Delivery Date shall be automatically postponed by one (1) day for each day of delay so caused (prorata for part of a day).