DEMAND FOR ADEQUATE ASSURANCE Sample Clauses

DEMAND FOR ADEQUATE ASSURANCE. Given the critical nature for Buyer to be able to supply its customer(s) with goods on a “just in time” basis, should Buyer reasonably determine itself to be insecure with the Seller’s performance, the Seller shall provide Buyer with written assurance of performance within forty-eight hours of a written demand by Buyer. It is understood that this is a material provision of the relationship between the parties. This provision supersedes the normal time periods associated with a demand for adequate assurance as provided for in Section 2-609 of the Uniform Commercial Code.
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DEMAND FOR ADEQUATE ASSURANCE. Given the critical nature for Buyer to be able to supply its customer(s) with goods on a “just in time” basis, should Buyer reasonably determine itself to be insecure with the Seller’s performance, the Seller shall provide Buyer with written assurance of performance within forty-eight hours of a written demand by Buyer. It is understood that this is a material provision of the relationship between the parties. This provision supersedes GENERAL TERMS AND CONDITIONS OF PURCHASE FOR THE UNITED STATES OF AMERICA REVISION No. 1 PAGE ISSUANCE DATE: May 3rd, 2019 11/16 ISSUED BY: X. XXXXXXX the normal time periods associated with a demand for adequate assurance as provided for in Section 2-609 of the Uniform Commercial Code.
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DEMAND FOR ADEQUATE ASSURANCE. Given the critical nature for Buyer to be able to supply its customer(s) with goods on a “just in time” basis, should Buyer reasonably determine itself to be insecure with the Seller’s performance, the Seller shall provide Buyer with written assurance of performance within forty-eight hours of a written demand by Xxxxx. It is understood that this is a material provision of the relationship between the parties. This provision supersedes the normal time periods associated with a demand for adequate assurance as provided for in Section 4 here above.
Sample 1
DEMAND FOR ADEQUATE ASSURANCE. Given the critical nature for Grupo to be able to supply its customer(s) with goods on a “just in time” basis, should Grupo reasonably determine itself to be insecure with the Seller’s performance, the Seller shall provide Grupo with written assurance of performance within forty-eight hours of a written demand by Grupo. It is understood that this is a material provision of the relationship between the parties. This provision supersedes the normal time periods associated with a demand for adequate assurance as provided for in Section 2-609 of the Uniform Commercial Code.
Sample 1

Related to DEMAND FOR ADEQUATE ASSURANCE

  • Covenant of Further Assurances The Funds and BNY Mellon covenant and agree that, subsequent to the execution and delivery of this Agreement and, without any additional consideration, each of the Funds and BNY Mellon shall execute and deliver any further legal instruments and perform any acts that may be reasonably required to confirm and effectuate the validity and enforceability of this Agreement.

  • State Assurances Except to the extent of any conflict under applicable law or requirements or guidelines of any federal awarding agency from which funding for this Grant Agreement originated, the Grantee must comply with the applicable state assurances included within the TxGMS which are incorporated here by reference.

  • Export Law Assurances You are responsible for complying with all trade regulations and laws both foreign and domestic. You acknowledge that this Software may only be exported or re-exported in accordance with U.S. Government Export Administration Regulations. Without authorization from the U.S. Government, You may not export or re-export the Software (i) to any prohibited country, person, entity, or end-user as specified by U.S. export controls or (ii) for use in the design, development or production of nuclear, chemical, or biological weapons, or missile technology, or any other prohibited use. You warrant and represent that neither the Bureau of Export Administration of the U.S. Commerce Department not any other U.S. Government entity or agency has suspended, revoked or denied, in whole or in part, Your export privileges. For current information on U.S. export requirements and restrictions visit xxx.xxx.xxx.xxx/.

  • Financial Assurance The Lessee must provide and maintain at all times a surety bond(s) or other form(s) of financial assurance approved by the Lessor in the amount specified in Addendum “B.” As required by the applicable regulations in 30 CFR Part 585, if, at any time during the term of this lease, the Lessor requires additional financial assurance, then the Lessee must furnish the additional financial assurance required by the Lessor in a form acceptable to the Lessor within 90 days after receipt of the Lessor’s notice of such adjustment.

  • Financial Assurances The following financial assurances are applicable to all grant funds unless the Targeted Grant requirements specifically state the contrary:

  • Further Assurance Each Party shall duly execute and deliver, or cause to be duly executed and delivered, such further instruments and do and cause to be done such further acts and things, including the filing of such assignments, agreements, documents, and instruments, as may be necessary or as the other Party may reasonably request in connection with this Agreement or to carry out more effectively the provisions and purposes hereof, or to better assure and confirm unto such other Party its rights and remedies under this Agreement.

  • Assurance In the event of a bankruptcy proceeding, Bank and Company do not consent to assumption of this Agreement. Nevertheless, in the event of a bankruptcy proceeding and the determination by the court that this Agreement is assumable under the Bankruptcy Code (11 U.S.C. § 365), as amended from time to time, Merchant must establish or maintain a Reserve Account in an amount satisfactory to Bank. Assumption will be made under terms and conditions that are acceptable to Bank and Company and comply with applicable Laws governing such assumption.

  • Adequate security The Contractor shall provide adequate security on all covered contractor information systems. To provide adequate security, the Contractor shall implement, at a minimum, the following information security protections:

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