Common use of Corrective Period Clause in Contracts

Corrective Period. In the event of a material breach by either Party of its obligations under the Agreement and/or the Assignment Order, the non-breaching Party shall allow the breaching Party10 (ten) days for the Corrective Period The Corrective Period shall be counted from the date of receipt by the breaching Party ofa written notice of breach. Should no satisfactory corrective action be taken, or acceptable corrective action plan provided by the breaching Party, the non-breaching Party shall have the right to terminate the Agreement and/or the Assignment Order. It is acknowledged and agreed by the Parties that the provisions of this Clause12.3 shall not apply with respect to any of the eventslisted in Clause 12.4. In addition and for the avoidance of any doubt, the application of the Corrective Period under this Clause

Appears in 1 contract

Samples: Framework Agreement

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Corrective Period. In the event of a material breach by either Party of its obligations under the Agreement and/or the Assignment Orderthis Agreement, the non-non- breaching Party shall allow the breaching Party10 Partyseven (ten7) days for the corrective action or submission of a Corrective Period The Corrective Period shall be counted from the date of receipt by the breaching Party ofa of a written notice of breach. .Should no satisfactory corrective satisfactorycorrective action be taken, taken or acceptable corrective action plan provided by the breaching Party, the non-breaching Party shall have the right to terminate the Agreement and/or the Assignment Order. It Xxxxxxxxx.Xx is acknowledged and agreed by the Parties that the provisions of this Clause12.3 Clause 9.2 shall not apply with respect to any of the eventslisted events enumerated in Clause 12.4. In addition and for the avoidance of any doubt, the application of the Corrective Period under this accordance with Clause

Appears in 1 contract

Samples: www.railbaltica.org

Corrective Period. In the event of a material breach by either Party of its obligations under the Agreement and/or the Assignment Orderthis Agreement, the non-non- breaching Party shall allow the breaching Party10 Party fourteen (ten7) days for the Corrective Period corrective action or submission of a The Corrective Period shall be counted from the date of receipt by the breaching Party ofa of a written notice of breach. Should no satisfactory corrective action be taken, taken or acceptable corrective action plan provided by the breaching Party, the non-breaching Party shall have the right to terminate the Agreement and/or the Assignment Order. It Xxxxxxxxx.Xx is acknowledged and agreed by agreedby the Parties that the provisions of this Clause12.3 Clause 8.2. shall not apply with respect to any of the eventslisted events enumerated in Clause 12.4. In addition and for the avoidance of any doubt, the application of the Corrective Period under this accordance with Clause

Appears in 1 contract

Samples: Agreement

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Corrective Period. In the event of a material breach by either Party of its obligations under the Agreement and/or the Assignment Orderthis Agreement, the non-breaching Party shall allow the breaching Party10 Party thirty (ten30) days for corrective action or submission of a corrective action plan (hereinafter, the Corrective Period Period”). The Corrective Period shall be counted from the date of receipt by the breaching Party ofa of a written notice of breach. Should no satisfactory corrective action be taken, or acceptable corrective action plan provided by the breaching Party, the non-breaching Party shall have the right to terminate the Agreement and/or the Assignment OrderAgreement. It is acknowledged and agreed by the Parties that the provisions of this Clause12.3 Clause 8.2 shall not apply with respect to any of the eventslisted events enumerated in Clause 12.4. In addition and for the avoidance of any doubt, the application of the Corrective Period under this accordance with Clause

Appears in 1 contract

Samples: Professional Consultant Service Agreement

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