Common use of Anticipatory breach of contract Clause in Contracts

Anticipatory breach of contract. The Purchaser may suspend the performance of its obligations if it becomes apparent from the Contractor's conduct or from a serious deficiency in the Contractor's creditworthiness or in the Contractor's ability to perform that it will not perform a substantial part of its contractual obligations. If it is clear that a breach of contract will occur prior to agreed delivery date and this gives the Purchaser the right to cancel the call-off order, the Purchaser may after granting the Contractor a short deadline to enable them to provide adequate security so as to ensure that their contractual obligations are fulfilled, cancel the call-off order with immediate effect prior to agreed delivery date

Appears in 3 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

AutoNDA by SimpleDocs

Anticipatory breach of contract. The Purchaser may suspend the performance of its obligations if it becomes apparent from the Contractor's conduct or from a serious deficiency in the Contractor's creditworthiness or in the Contractor's ability to perform that it will not perform a substantial part of its contractual obligations. If it is clear that a breach of contract will occur prior to agreed delivery date and this gives the Purchaser the right to cancel the call-off order, the Purchaser may after granting the Contractor a short deadline to enable them to provide adequate security so as in order to ensure that their contractual obligations are fulfilled, cancel the call-off order with immediate effect prior to agreed delivery date.

Appears in 1 contract

Samples: Framework Agreement

AutoNDA by SimpleDocs

Anticipatory breach of contract. The Purchaser may suspend the performance of its obligations if it becomes apparent from the Contractor's conduct or from a serious deficiency in the Contractor's creditworthiness or in the Contractor's ability to perform that it will not perform a substantial part of its contractual obligations. If it is clear that a breach of contract will occur prior to agreed delivery date and this gives the Purchaser the right to cancel the call-off call‐off order, the Purchaser may after granting the Contractor a short deadline to enable them to provide adequate security so as to ensure that their contractual obligations are fulfilled, cancel the call-off call‐off order with immediate effect prior to agreed delivery date

Appears in 1 contract

Samples: Framework Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!