Shipbuilding Contract. The Borrower shall inform the Facility Agent promptly of (i) any amendment to the payment terms of the Borrower Instalments or, in the case of a Full Transfer, the Shipbuilding Contract and any change to the Scheduled Delivery Date, (ii) any other material amendment to the Shipbuilding Contract and (iii) any suspension or early termination of the Shipbuilding Contract.
Appears in 2 contracts
Sources: Facility Agreement, Facility Agreement (McDermott International Inc)