Failure to Fulfil Contractual Obligations Sample Clauses
The 'Failure to Fulfil Contractual Obligations' clause defines the consequences and procedures that apply when one party does not meet their agreed responsibilities under the contract. Typically, this clause outlines what constitutes a breach, the steps the non-breaching party must take to notify the other party, and any remedies or penalties that may result, such as the right to terminate the contract or claim damages. Its core function is to provide a clear framework for addressing non-performance, thereby protecting the interests of both parties and reducing uncertainty in the event of a breach.
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Failure to Fulfil Contractual Obligations. Any Contracting Party which fails to fulfil its obligations under this Agreement within sixty days after its receipt of notice, specifying the nature of such failure and invoking this paragraph, may be deemed by the Executive Committee, acting by unanimity, to have withdrawn from this Agreement.
Failure to Fulfil Contractual Obligations. Should any Participant fail to fulfil its obligations under this Agreement, the Executive Committee will give that Participant written notice, specifying the failure and invoking this Paragraph. If, sixty (60) days after receipt of such notice, the Participant remains in default of its obligations, the Executive Committee, upon unanimous vote (not including the Participant said to be in default), may deem the Participant to have withdrawn from this Agreement and will so notify the Participant in writing.
Failure to Fulfil Contractual Obligations. (1) Any Participant in a Task which, in the opinion of the Executive Committee acting by unanimity of the other Participants in that Task, fails to fulfil its obligations under that Task shall be given a written notice invoking this paragraph and specifying the nature of such failure;
(2) Any Participant in a Task which fails to fulfil its obligations under a Task within 60 days after its receipt of a notice under paragraph (h)(1) above may be deemed by the Executive Committee, acting by unanimity of the other Contracting Parties, to have withdrawn from that Task;
(3) Any Participant in a Task which is deemed by the Executive Committee to have withdrawn from that Task has thus lost all rights to any claim of whatever kind towards the other Participants in that Task related to the Task Activities. This includes claims for information and economical compensation for both made investments and damages etc.
(4) Any Contracting Party which, in the opinion of the Executive Committee acting by unanimity of the other Contracting Parties, fails to fulfil any obligations under this Agreement shall be given a written notice invoking this paragraph and specifying the nature of such failure;
(5) Any Contracting Party which fails to fulfil its obligations under this Agreement within 60 days after its receipt of a notice under paragraph (h)(4) above may be deemed by the Executive Committee, acting by unanimity of the other Contracting Parties, to have withdrawn from this Agreement;
(6) Any Contracting Party which is not a Participant in at least one Task for any period exceeding twelve months may be deemed by the Executive Committee, acting by unanimity of the other Contracting Parties, to have withdrawn from this Agreement.
(7) Any Contracting Party which is deemed by the Executive Committee to have withdrawn from the Agreement has thus lost all rights to any claim of whatever kind towards the other Contracting Parties. This includes claims for information and economical compensation for both made investments and damages etc.
Failure to Fulfil Contractual Obligations. Failure on the part of the Beneficiary or, where applicable, of the other companies of the Group of the Beneficiary to ensure full and punctual performance (this being equal to non occurrence of the promise of obligation of third party) of one or more of the obligations listed in annex 14.