Initial Acceptance Date definition
Examples of Initial Acceptance Date in a sentence
If Initial Acceptance of the Drilling Rig does not occur on or before the Initial Acceptance Date, then Construction Supervisor shall pay in full the amounts required by Section 6.1 on or before the date specified in such demand which date shall be no earlier than the later to occur of (i) Initial Acceptance Date, or (ii) 50 days after the making of the demand contemplated by this Section 4.3(a).
Builder shall not be entitled to claim any extra cost or adjustment to any provisions of this Contract or the Specifications, including without limitation by way of extension to the Initial Acceptance Date and/or, as the case may be, the Final Delivery Date if it elects to use or install substitute materials.
Builder shall further notify Buyer of the period by which Builder contends the Initial Acceptance Date and/or the Final Delivery Date is postponed by reason of such cause of delay within all reasonable despatch after it has been determined.
The notice referred to in the immediately preceding sentence shall be given not later than fifteen (15) days prior to the Initial Acceptance Date.
This Supplemental Indenture shall become effective upon its execution by the Company and the Trustee; however, this Supplemental Indenture shall not become operative until the Initial Acceptance Date (as such term is defined in the Company's Offer to Purchase and Consent Solicitation Statement dated September 16, 2002).