Common use of Notice of Delay Clause in Contracts

Notice of Delay. Within ten (10) days after the date of any cause of delay, on account of which the BUILDER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER shall notify the BUYER in writing or by telefax of the date such cause of delay occurred. Likewise, within the (10) days after the date of ending of such cause of delay, the BUILDER shall notify the BUYER in writing or by telefax of the date such cause of delay ended. The BUILDER shall also notify the BUYER of the period, by which the Delivery Date is postponed by reason of such cause of delay, with all reasonable despatch after it has been determined. Failure of the BUYER to object to the BUILDER’s claim for postponement of the Delivery Date within ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object such postponement of the Delivery Date.

Appears in 1 contract

Sources: Shipbuilding Contract (Tsakos Energy Navigation LTD)

Notice of Delay. Within ten Twenty (1020) days after the date of occurrence of any cause of delay, on account of which the BUILDER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER shall notify the BUYER in writing or by telefax of the date when such cause of delay occurred. Likewise, within the Twenty (1020) days after the date of ending of such cause of delay, the BUILDER shall notify the BUYER in writing or by telefax of the date when such cause of delay ended. The BUILDER shall also notify the BUYER of the period, by which the Delivery Date is postponed by reason of such cause of delay, with all reasonable despatch after as soon as it has been may be determined. If the BUILDER does not give the timely advice as above, the BUILDER shall lose the right to claim such delays as permissible delay. Failure of the BUYER to object acknowledge to the BUILDER’s claim for postponement of the Delivery Date within ten (10Seven(7) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object to such postponement of the Delivery Date...

Appears in 1 contract

Sources: Shipbuilding and Construction Agreement (Stolt Nielsen S A)

Notice of Delay. Within ten (a) As soon as practically possible, but not later than Ten (10) days after the date commencement of any cause of delay, on account of which the BUILDER Builder claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER Builder shall (if practically possible) notify the BUYER in writing or by telefax Buyer of the date such date, the cause of delay occurred. Likewisewhich has occurred and, within its expected duration and shall provide the Buyer if reasonably available with evidence to justify the delay claimed. (b) Within Ten (10) days after the date of ending of such cause of delay, the BUILDER if practically possible, Builder shall notify the BUYER Buyer in writing or by telefax of the date such cause of delay ended. The BUILDER . (c) Builder shall also notify the BUYER Buyer of the period, period by which the Delivery Date is postponed by reason of such cause of delay, delay with all reasonable despatch after it has been determined. Failure of the BUYER by Buyer to object to the BUILDERBuilder’s claim for postponement of the Delivery Date within ten (10) days after receipt by the BUYER Buyer of such notice of claim shall be deemed to be a waiver by the BUYER Buyer of its right to object to such postponement of the Delivery Date.

Appears in 1 contract

Sources: Shipbuilding Contract (Scorpio Bulkers Inc.)

Notice of Delay. Within ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER shall notify the BUYER in writing or by telefax fax confirmed in writing of the date such cause of delay occurred. Likewise, within the ten (10) days after the date of ending of such cause of delay, the BUILDER shall notify the BUYER in writing or by telefax fax confirmed in writing of the date such cause of delay ended. The BUILDER shall also notify the BUYER of the period, by which the Delivery Date is postponed by reason of such cause of the delay, with all reasonable despatch dispatch after it has been determined. Failure of the BUYER to object to the BUILDER’s claim for postponement of the Delivery Date within ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object such postponement of the Delivery Date.

Appears in 1 contract

Sources: Shipbuilding Contract (Scorpio Bulkers Inc.)

Notice of Delay. Within ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER claims Sellers claim that it is they are entitled under this Contract Agreement to a postponement of the Delivery Date, the BUILDER Sellers shall notify the BUYER Buyers in writing or by telefax of the date such cause of delay occurred. Likewise, within the ten (10) days after the date of ending of such cause of delay, the BUILDER Sellers shall notify the BUYER Buyers in writing or by telefax of the date such cause of delay ended. The BUILDER Sellers shall also notify the BUYER Buyers of the period, by which the Delivery Date is postponed by reason of such cause of delay, with all reasonable despatch dispatch after it has been determined. Failure by the Sellers to give either of the BUYER above-mentioned notices shall be deemed to be a waiver by the Sellers of their right to request a postponement of the Delivery Date for any such occurrence. Failure of the Buyers to object to the BUILDER’s Sellers’ claim for postponement of the Delivery Date within ten (10) days after receipt by the BUYER Buyers of such notice of claim shall be deemed to be a waiver by the BUYER Buyers of its right to object such postponement of the Delivery Date.

Appears in 1 contract

Sources: Memorandum of Agreement (Safe Bulkers, Inc.)

Notice of Delay. Within ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER SELLER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER SELLER shall notify the BUYER in writing or by telefax facsimile confirmed in writing of the date such cause of delay occurred. Likewise, within the ten (10) days after the date of ending of such cause of delay, the BUILDER SELLER shall notify the BUYER in writing or by telefax facsimile confirmed in writing of the date such cause of delay ended. The BUILDER SELLER shall also notify the BUYER of the period, by which the Delivery Date is postponed by reason of such cause of delay, with all reasonable despatch dispatch after it has been determined. Failure of the BUYER to object to the BUILDERSELLER’s claim for postponement of the Delivery Date within ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object such postponement of the Delivery Date.

Appears in 1 contract

Sources: Ship Sales Contract (Scorpio Bulkers Inc.)

Notice of Delay. Within ten Ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER shall notify the BUYER in writing or by telefax confirmed in writing of the date when such cause of delay occurred. Likewise, within the Ten (10) days after the date of ending of such cause of delay, the BUILDER shall notify the BUYER in writing or by telefax confirmed in writing of the date when such cause of delay ended. The BUILDER shall also notify promptly the BUYER of the period, by which in their opinion the Delivery Date is postponed by reason of such cause of delay. If the BUILDER does not give the timely advice as above, with all reasonable despatch after it has been determinedthe BUILDER shall lose the right to claim such delays as permissible delay. Failure of the BUYER to object acknowledge to the BUILDER’s 's claim for postponement of the Delivery Date within ten Ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object to such postponement of the Delivery Date.

Appears in 1 contract

Sources: Contract for Construction and Sale of a Drillsip (DryShips Inc.)

Notice of Delay. Within ten Ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER shall notify the BUYER in writing or by telefax confirmed in writing of the date when such cause of delay occurred. Likewise, within the Ten (10) days after the date of ending of such cause of delay, the BUILDER shall notify the BUYER in writing or by telefax confirmed in writing of the date when such cause of delay ended. The BUILDER shall also notify promptly the BUYER of the period, by which in their opinion the Delivery Date is postponed by reason of such cause of delay. If the BUILDER does not give the timely advice as above, with all reasonable despatch after it has been determinedthe BUILDER shall lose the right to claim such delays as permissible delay. Failure of the BUYER to object acknowledge to the BUILDER’s claim for postponement of the Delivery Date within ten Ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object to such postponement of the Delivery Date.

Appears in 1 contract

Sources: Construction Contract (DryShips Inc.)

Notice of Delay. Within ten Ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER claims that it is entitled under this Contract to a postponement of the Delivery Date, the BUILDER shall notify the BUYER in writing or by telefax confirmed in writing of the date when such cause of delay occurred. Likewise, within the Ten (10) days after the date of ending of such cause of delay, the BUILDER shall notify the BUYER in writing or by telefax confirmed in writing of the date when such cause of delay ended. The BUILDER shall also notify promptly the BUYER of the period, by which in their opinion the Delivery Date is postponed by reason of such cause of delay. If the BUILDER does not give the timely advice as above, with all reasonable despatch after it has been determinedthe BUILDER shall lose the right to claim such delays as permissible delay. Failure of the BUYER to object acknowledge to the BUILDER’s ’S claim for postponement of the Delivery Date within ten Ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object to such postponement of the Delivery Date.

Appears in 1 contract

Sources: Construction Contract (DryShips Inc.)

Notice of Delay. Within ten (10) days after the date of occurrence of any cause of delay, on account of which the BUILDER SELLER claims that it is entitled under this Contract CONTRACT to a postponement of the Delivery DateDELIVERY DATE, the BUILDER SELLER shall notify the BUYER in writing or by telefax facsimile confirmed in writing of the date such cause of delay occurred. Likewise, within the ten (10) days after the date of ending of such cause of delay, the BUILDER SELLER shall notify the BUYER in writing or by telefax facsimile confirmed in writing of the date such cause of delay ended. The BUILDER SELLER shall also notify the BUYER of the period, by which the Delivery Date DELIVERY DATE is postponed by reason of such cause of delay, with all reasonable despatch dispatch after it has been determined. Failure of the BUYER to object to the BUILDERSELLER’s claim for postponement of the Delivery Date DELIVERY DATE within ten (10) days after receipt by the BUYER of such notice of claim shall be deemed to be a waiver by the BUYER of its right to object to such postponement of the Delivery DateDELIVERY DATE.

Appears in 1 contract

Sources: Ship Sales Contract (Scorpio Bulkers Inc.)