Right to Rescind for Excessive Delay. (a) If the total accumulated time of all delays claimed by the BUILDER on account of the causes specified in Paragraph 1 of this Article, excluding other delays of the nature which under the terms of this Contract permit postponement of the Delivery Date, amounts to One Hundred Eighty (180) days or more, then, in such event, the BUYER may rescind this Contract in accordance with the provisions of Article X hereof.
Appears in 1 contract
Sources: Contract for Construction and Sale of a Drilling Ship (R&b Falcon Corp)
Right to Rescind for Excessive Delay. (a) If the total accumulated time of all delays claimed by the BUILDER on account of the causes specified in Paragraph 1 of this Article, excluding other delays of the nature which under the terms of this Contract permit postponement of the Delivery Date, amounts to whether permissible or not exceeds One Hundred and Eighty (180) days or moredays, then, in such event, the BUYER may rescind this Contract in accordance with the provisions of Article X hereof.. 33 (End of Article) 34
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Sources: Construction Contract