Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and Budget, the Designated Authority may:
Consequences of Non-Performance. Failure to fully satisfy all of the requirements/criteria set forth in Section 3.1 (Performance/Certification), Iowa Code chapter 8B, and Iowa Administrative Code chapter 129—22, as may be verified pursuant to and in accordance with Section 3.2 (Field Testing), or failure to otherwise to complete the Project as represented in the Application, may result in the Office’s denial of a request for reimbursement for any or all expenditures related to the Project, and Grantee shall not otherwise be entitled to reimbursement for any such expenditures.
Consequences of Non-Performance. Where the failure of the Council to perform in accordance with this Agreement leads to loss to the School, then the Council will make good that loss, in particular by meeting such financial penalties that the school shall be subject to as a result of such failure.
Consequences of Non-Performance. (a) If, in a Contract Year, the Contractors carry out less Exploration than is required of them under the Exploration Work Programme, the Ministry may:
Consequences of Non-Performance. By April 7, 2001, the Investor shall have delivered to the Company a certificate, sworn to and executed by a duly authorized officer of the Investor, representing that the services set forth in Section 9.1 herein have been rendered. If such services have not been rendered, the Investor shall have an additional 12-month period to either (a) expend an additional amount of money so that the Investor has spent an aggregate of $840,000 for the services it was to provide pursuant to Section 9.1; (b) pay cash to the Company in an amount equal to the difference between $840,000 and the amount the Investor incurred for services already rendered; or (c) return the appropriate number of Shares to the Company so that the total number of Shares actually retained by the Investor will equal $7.51 per Share, based on $6.67 million purchase price paid plus the value of the services rendered for the Investor Interest on the date hereof.
