Makers List Clause Samples
The Makers List clause defines a specific list of individuals or entities who are authorized to act as 'makers' under the agreement. This clause typically outlines who is permitted to initiate certain actions, such as signing documents, issuing instructions, or making decisions on behalf of a party. For example, in a banking or financial context, the Makers List might specify which employees can authorize payments or transactions. Its core practical function is to ensure clarity and control over who has authority to act, thereby reducing the risk of unauthorized actions and potential disputes.
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Makers List. Buyer has reviewed and approved the list of suppliers nominated by Builder for delivery of certain therein defined equipment, machinery and services (herein referred to as the “Maker’s List”) signed by each of the parties hereto for identification and incorporated within the Specifications. Builder shall endeavor to select suppliers for the therein-defined equipment, machinery and services from the Maker’s List, and may, without the interference of Buyer, in its sole discretion, select between the different suppliers nominated therein. However, if Buyer requests Builder to order any equipment, machinery or services from a particular supplier listed on the Maker’s List, Builder will take all reasonable steps to comply with such request, provided that Buyer shall reimburse Builder any reasonable extra costs associated with such request.
Makers List. The parties agree that the Maker(s) selected for this Vessel shall be as listed in the maker’s list, except if the Maker(s) is not able to meet the delivery schedule or not available in the market. In such case, the SELLER shall be entitled to select alternative makers with prior consent of the Buyer, which consent shall not be unreasonably withheld. Date: 13th November, 2013 ARTICLE II ORIGINAL CONTRACT PRICE, CONTRACT PRICE & TERMS OF PAYMENT
1. ORIGINAL CONTRACT PRICE, CONTRACT PRICE The contract price of the VESSEL payable by the BUYER under this Contract is United States Dollars Twenty Eight Million Only (USD28,000,000.00 only), the price includes fees, costs and brokerage, other than the BUYER's Supplies as provided in ARTICLE V hereof and other specified expenses herein, (hereinafter referred to as the “Original Contract Price”), and shall be subject to upward or downward adjustment, if any, only as hereinafter set forth in this Contract. Such Original Contract Price together with all adjustment under the Contract, if any, shall be deemed to be the Contract Price. Remitting bank’s charges for transfer of funds to the SELLER in respect of payments under this ARTICLE II shall be for the account of the BUYER.
Makers List. The same makers selected for the BUILDER’s Hull No. 2748 shall apply automatically to the VESSEL under the CONTRACT.
Makers List. The parties agree that the Maker(s) selected for this Vessel shall be as listed in the maker’s list, except if the Maker(s) is not able to meet the delivery schedule or not available in the market. In such case, the SELLER shall be entitled to select alternative makers with prior consent of the Buyer, which consent shall not be unreasonably withheld. Date: 13th November, 2013 ARTICLE II ORIGINAL CONTRACT PRICE, CONTRACT PRICE & TERMS OF PAYMENT
Makers List. The Builder shall select for the supply of each of the Materials listed in the Makers' List the Subcontractor named therein in relation to the same. Where the Makers' List provides for more than one Subcontractor to supply any element of the Materials, the Builder shall, with reasonable notice, provide the Purchaser with a copy of the Purchase Order to be issued to its intended choice of Subcontractor before any subcontract is awarded. The Makers' List shall indicate Purchasers preferred Sub-contractor (if any) for a given element. Where there is a Purchase preferred subcontractor stated, such Purchase Order shall contain full technical and commercial details and also a comparison of same with Purchaser's preferred Subcontractor. If within 5 days thereafter, the Purchaser shall request the Builder to order that element of the Materials from Purchaser's preferred Subcontractor named in the Makers' List in relation thereto, then the Builder will take all reasonable steps to comply with such request and the Purchaser shall reimburse to the Builder any difference in price between that quoted by the Builder's chosen Subcontractor and the Subcontractor chosen by the Purchaser together with an adjustment in the Delivery Date if any. NOMINATED SUBCONTRACTORS
Makers List. The Builder shall select for the supply of each of the Materials listed in the Makers' List the Vendor named therein in relation to the same. Where the Makers' List provides for more than one Vendor to supply any element of the Materials, the Builder shall with reasonable notice provide the Purchaser with a copy of the Purchase Order to be issued to its intended choice of Subcontractor before any subcontract is awarded. Such purchase order shall contain full technical and commercial details. If thereafter, the Purchaser shall request the Builder to order that element of the Materials from another Subcontractor named in the Makers' List in relation thereto, then the Builder will take all reasonable steps to comply with such request and the Purchaser shall reimburse to the Builder any difference in price between that quoted by the Builder's chosen Subcontractor and the Subcontractor chosen by the Purchaser. NOMINATED SUBCONTRACTORS