Common use of Breach and Remedies for Breach Clause in Contracts

Breach and Remedies for Breach. The benefits associated with Sector membership will only accrue to the Members if each of them strictly complies with this Agreement. Each Member will make significant operational and financial commitments based on this Agreement, and any Member’s failure to fulfill any of its obligations under this Agreement could have significant adverse consequences for some or all other Members. Any failure by a Member to fulfill any of its obligations under this Agreement shall constitute a breach of this Agreement. Each Member shall be bound by the procedures set forth in this Section for determining whether a Member has breached this Agreement. The Sector shall be entitled to the remedies set forth in this Section if a Member is determined by the Sector to have breached this Agreement. Each Member shall take all actions and execute all documents the Manager deems necessary or convenient to give effect to the provisions of this Section.

Appears in 23 contracts

Samples: Sector Agreement, Northeast Fishery Sector Operations Plan and Agreement, Northeast Fishery Sector Operations Plan and Agreement

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Breach and Remedies for Breach. The benefits associated with Sector membership will only accrue to the Members if each of them strictly complies with this Agreement. Each Member 3 will make significant operational and financial commitments based on this Agreement, and any 4 Member’s failure to fulfill any of its obligations under this Agreement could have significant adverse 5 consequences for some or all other Members. Any failure by a Member to fulfill any of its obligations 6 under this Agreement shall constitute a breach of this Agreement. Each Member shall be bound by the 7 procedures set forth in this Section for determining whether a Member has breached this Agreement. 8 The Sector shall be entitled to the remedies set forth in this Section if a Member is determined by the 9 Sector to have breached this Agreement. Each Member shall take all actions and execute all documents 10 the Manager deems necessary or convenient to give effect to the provisions of this Section.

Appears in 13 contracts

Samples: Sector Agreement, Sector Agreement, Sector Agreement

Breach and Remedies for Breach. The benefits associated with Sector sector membership will 45 only accrue to the Members members if each of them strictly complies with this Agreementagreement. Each Member member 1 will make significant operational and financial commitments based on this Agreementagreement, and any Member2 member’s failure to fulfill any of its obligations under this Agreement agreement could have significant 3 adverse consequences for some or all other Membersmembers. Any failure by a Member member to fulfill any of 4 its obligations under this Agreement agreement shall constitute a breach of this Agreementagreement. Each Member member 5 shall be bound by the procedures set forth in this Section section for determining whether a Member member has 6 breached this Agreementagreement. The Sector sector shall be entitled to the remedies set forth in this Section section if a Member 7 member is determined by the Sector sector to have breached this Agreementagreement. Each Member member shall take all 8 actions and execute all documents the Manager sector manager deems necessary or convenient to give 9 effect to the provisions of this Sectionsection.

Appears in 9 contracts

Samples: Operations Plan and Agreement, Sector Operations Plan and Agreement, Northeast Fishery Sector Operations Plan and Agreement

Breach and Remedies for Breach. The benefits associated with Sector membership 26 will only accrue to the Members if each of them strictly complies with this Agreement. Each Member 27 will make significant operational and financial commitments based on this Agreement, and any 28 Member’s failure to fulfill any of its obligations under this Agreement could have significant adverse 29 consequences for some or all other Members. Any failure by a Member to fulfill any of its obligations 30 under this Agreement shall constitute a breach of this Agreement. Each Member shall be bound by the 31 procedures set forth in this Section for determining whether a Member has breached this Agreement. 1 The Sector shall be entitled to the remedies set forth in this Section if a Member is determined by the 2 Sector to have breached this Agreement. Each Member shall take all actions and execute all documents 3 the Manager deems necessary or convenient to give effect to the provisions of this Section.

Appears in 5 contracts

Samples: Sector Agreement, Sector Agreement, Sector Agreement

Breach and Remedies for Breach. The benefits associated with Sector sector membership will only accrue to the Members if each of them strictly complies with this Agreement. Each Member 4 will make significant operational and financial commitments based on this Agreementagreement, and any Member5 member’s failure to fulfill any of its obligations under this Agreement agreement could have significant 6 adverse consequences for some or all other Membersmembers. Any failure by a Member member to fulfill any of 7 its obligations under this Agreement agreement shall constitute a breach of this Agreementagreement. Each Member member 8 shall be bound by the procedures set forth in this Section section for determining whether a Member member has 9 breached this Agreementagreement. The Sector sector shall be entitled to the remedies set forth in this Section section if a Member 10 member is determined by the Sector sector to have breached this Agreementagreement. Each Member member shall take all 11 actions and execute all documents the Manager sector manager deems necessary or convenient to give 12 effect to the provisions of this Sectionsection.

Appears in 4 contracts

Samples: Fishing Operations Agreement, Fishing Sector Operations Agreement, Fishing Sector Operations Plan and Agreement

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Breach and Remedies for Breach. The benefits associated with Sector sector membership will only accrue to the Members members if each of them strictly complies with this Agreementagreement. Each Member member will make significant operational and financial commitments based on this Agreementagreement, and any Membermember’s failure to fulfill any of its obligations under this Agreement agreement could have significant adverse consequences for some or all other Membersmembers. Any failure by a Member member to fulfill any of its obligations under this Agreement agreement shall constitute a breach of this Agreementagreement. Each Member member shall be bound by the procedures set forth in this Section section for determining whether a Member member has breached this Agreementagreement. The Sector sector shall be entitled to the remedies set forth in this Section section if a Member member is determined by the Sector sector to have breached this Agreementagreement. Each Member member shall take all actions and execute all documents the Manager sector manager deems necessary or convenient to give effect to the provisions of this Sectionsection.

Appears in 1 contract

Samples: Fishing Sector Operations Agreement

Breach and Remedies for Breach. The benefits associated with Sector membership will only accrue to the Members if each of them strictly complies with this Agreement. Each Member 8 will make significant operational and financial commitments based on this Agreement, and any 9 Member’s failure to fulfill any of its obligations under this Agreement could have significant adverse 10 consequences for some or all other Members. Any failure by a Member to fulfill any of its obligations 11 under this Agreement shall constitute a breach of this Agreement. Each Member shall be bound by the 12 procedures set forth in this Section for determining whether a Member has breached this Agreement. 13 The Sector shall be entitled to the remedies set forth in this Section if a Member is determined by the 14 Sector to have breached this Agreement. Each Member shall take all actions and execute all documents 15 the Manager deems necessary or convenient to give effect to the provisions of this Section.

Appears in 1 contract

Samples: Northeast Fishery Sector Operations Plan and Agreement

Breach and Remedies for Breach. The benefits associated with Sector membership 5 will only accrue to the Members if each of them strictly complies with this Agreement. Each Member 6 will make significant operational and financial commitments based on this Agreement, and any 7 Member’s failure to fulfill any of its obligations under this Agreement could have significant adverse 8 consequences for some or all other Members. Any failure by a Member to fulfill any of its obligations 9 under this Agreement shall constitute a breach of this Agreement. Each Member shall be bound by the 10 procedures set forth in this Section for determining whether a Member has breached this Agreement. The Sector 00 Xxx Xxxxxx shall be entitled to the remedies set forth in this Section if a Member is determined by the 12 Sector to have breached this Agreement. Each Member shall take all actions and execute all documents 13 the Manager deems necessary or convenient to give effect to the provisions of this Section.

Appears in 1 contract

Samples: Northeast Fishery Sector Operations Plan and Agreement

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