Consequence of Breach. If Officer breaches this covenant not to compete, Umpqua's sole remedy is that Officer shall forfeit any remaining payments under the Severance Benefit, Change in Control Benefit, or Retention Incentive, to which Officer is entitled under this Agreement.
Consequence of Breach. In the event Operator breaches any warranty described in Section 7.1 above, Operator shall re-perform any defective service, replace any unfit or unqualified personnel and train new personnel, and repair or replace any components of the Facility damaged as a consequence of such breach. Any such re-performance, training, repair or replacement by Operator pursuant to this Section 7.2 shall be at Operator's sole cost and expense.
Consequence of Breach. If Officer breaches the covenant not to compete in Section 14.1, Officer shall forfeit any remaining payments under the Severance Benefit, Change in Control Benefit or Retention Incentive, to which Officer is entitled under this Agreement.
Consequence of Breach. Should the contractor or a partner in the contractor firm commit breach of either of the conditions (iii) or (ii) (a) (I) of this sub clause it shall be lawful for the owner to cancel the contract and purchase or authorize the purchase of the vessels/boat at the risk and cost of the contractor and in that event the provisions of clause 48& 56 of GENERAL CONDITIONS shall as far as applicable apply. The decision of the Chairperson on behalf of Authority as to any matter or thing concerning or arising out of this sub-clause or any question whether the contractor or any partner of the contract firm has committed a breach of any of the conditions in this sub-clause contained shall be final and binding on the contract.
Consequence of Breach. Should the contractor or a partner in the contractor firm commit breach of either of the conditions
Consequence of Breach. In addition to the consequences set out elsewhere, if you fail to abide by your obligations under this section of the Agreement, and if your conduct or omission causes or contributes to a loss on your Account, then you agree that we shall not have any responsibility to you with respect to such loss. In all other circumstances, you acknowledge and agree that our maximum liability to you will be limited to actual direct loss in the principal amount wrongfully or erroneously withdrawn from your Account.
Consequence of Breach. Upon occurrence of any of the breaches, the Contractor has no right to conduct any transaction with the Bank. The Bank shall be entitled, but not obliged to, take any of the actions below at any time:
(1) Declares that all payments relating to this Agreement, the transaction contract, and transaction amounts payables to the Bank to be immediately due.
(2) Cancels transaction requests and/or close out all Transactions immediately in accordance with fair market prices. The Contractor shall not claim rights to positions favorable to the Contractor only.
(3) Disposes the Margin or the Collateral and use the proceeds to offset the due payments. The Bank is not obliged to exercise the above-mentioned rights at a time or in such a manner as in favor of the Contractor.
Consequence of Breach. If the consultant commits breach of any of the conditions of this tender, , “without prejudice to any recourse available under any other law, it shall be lawful for the CEO, SUDA to cancel the contract and reassign the contract at the risk and cost of the consultant by forfeiting the Security Deposit.
Consequence of Breach. If you breach any of the provisions of this Agreement and Release, you will forfeit the right to receive any amounts remaining unpaid under this Agreement and Release and, further, Central will be entitled to such legal remedies as may be available as a result of your breach. If Central breaches any of the provisions of this Agreement and Release, you will be entitled to such legal remedies as may be available as a result of its breach.
Consequence of Breach. If the Borrower becomes in default or in breach of agreement under Article 13, it shall be deemed to be in default with respect to the whole debts and the credit be immediately terminated. Consequently, all debts under this Agreement shall be immediately due without notice, claim, [or] demand from the Bank, and the Borrower allows the Bank to charge interest on the Loan and/or other outstanding debts at the Default Interest Rate until all debts have been paid in full, and agrees to pay all damages incurred by the Bank due to the Borrower’s default, and all expenses with regard to the warnings, claims, demands, litigation and judgment execution to the full amounts in all respects.
