Alternative Performance Sample Clauses
The Alternative Performance clause allows a party to fulfill its contractual obligations by providing a substitute or different form of performance than originally specified. In practice, this might mean delivering a different product, service, or payment method if the original cannot be provided, often subject to the other party's approval or predefined conditions. This clause is primarily used to introduce flexibility into the contract, ensuring that obligations can still be met even if unforeseen circumstances prevent strict compliance, thereby reducing the risk of breach and maintaining the continuity of the agreement.
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Alternative Performance. The PARTIES shall use their best endeavours to agree by immediate consultation on an alternative method of performance of any obligations or duties affected by the force majeure or vis major for so long as the same continues.
Alternative Performance. 7 4.5 Expenses......................................................... 9 4.6
Alternative Performance. The Parties agree that the supply of Products may be supplied through third party suppliers and the packaging may be through third party co-packers.
Alternative Performance. In lieu of the Performance Bond and ----------------------- Payment Bond required by this subsection 7.4, Developer may furnish cash, assignment of account, or a time certificate of deposit or irrevocable letter of credit conditioned only on the terms of this Lease or such other form of security as may be agreed upon by the parties.
Alternative Performance. (a) If AAM demands a registration as provided above, Universal may, within 20 days of its receipt of the demand, make a written offer to buy the shares as to which registration has been demanded at a price equal to the average of the "Market Price" of Universal's Common Stock over the 15 trading days prior to the date of AAM's demand, determined as set forth in Section 4.4(e) below.
(b) If the offer provided for in Section 4.4(a) above, is made and accepted in writing within 10 days from its receipt by AAM, the sale shall close at the offices of Universal on the 30th business day after the acceptance of the offer by delivery of the certificates for the shares to be sold, properly endorsed, with signature guaranteed and any transfer taxes paid, against payment of the purchase price by certified or cashier's check.
(c) If the offer provided for in Section 4.4(a) above, is made and is not accepted in writing within 10 days from its receipt by AAM, the offer shall expire.
(d) The rejection by AAM of an offer by Universal pursuant to
Alternative Performance