Anticipated breach. Anticipated breach occurs when after signing the Contract it becomes apparent from the Buyer’s actions or a material failure in its credit standing or ability to meet its obligations that it will not meet a substantial part of its contractual obligations.
Appears in 3 contracts
Samples: Standard Contract for Purchase of Services, Standard Contract for Purchase of Services, Standard Contract for Purchase of Services
Anticipated breach. Anticipated breach occurs when after signing the Contract it becomes apparent from the Buyer’s Supplier's actions or a material failure in its his credit standing or ability to meet its fulfil his obligations that it he will not meet fulfil a substantial part of its his contractual obligations.
Appears in 3 contracts
Samples: Standard Contract for Purchase of Services, Standard Contract for Purchase of Services, Standard Contract for Purchase of Services
