Common use of ON THE DELIVERY DATE Clause in Contracts

ON THE DELIVERY DATE. (1) Receipt by SOCIETE GENERALE acting on behalf of the Lenders of evidence of payment to the Supplier of: (i) the three installments of the Contract Price; and (ii) any other part of the Contract Price not financed hereunder; (2) Due execution and effective registration in the Maritime Registry of the Mortgages;

ON THE DELIVERY DATE. (1) Receipt by SOCIETE GENERALE acting on behalf of the Lenders of evidence of payment to the Supplier of: (i) the three installments of the Contract Price; and (ii) any other part of the Contract Price not financed hereunder; (2) Due execution and effective registration in the Maritime Registry of the Mortgages; (3) Delivery to the Lenders of the Assignment of Insurances together with relevant notices of assignment and the Assignment of Requisition Proceeds;