Common use of Demand Letter Clause in Contracts

Demand Letter. Upon a finding that Indivior has failed to comply with any of the obligations described in Section X.A and after determining that Stipulated Penalties are appropriate, OIG shall notify Indivior of: (a) Indivior’s failure to comply; and (b) OIG’s exercise of its contractual right to demand payment of the Stipulated Penalties (this notification is referred to as the “Demand Letter”).

Demand Letter. Upon a finding that Indivior has failed to comply with any of the obligations described in Section X.A and after determining that Stipulated Penalties are appropriate, OIG shall notify Indivior of: (a) Indivior’s failure to comply; Indivior Corporate Integrity Agreement and (b) OIG’s exercise of its contractual right to demand payment of the Stipulated Penalties (this notification is referred to as the “Demand Letter”).