Common use of Failure to Fulfill Contractual Obligations Clause in Contracts

Failure to Fulfill Contractual Obligations. Any Contracting Party which fails to fulfill 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of such failure and invoking this paragraph, may be deemed by the Executive Committee, acting by unanimity, to have withdrawn from this Agreement.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 Fulfill Contractual Obligations. Any Contracting Party which fails to fulfill its obligations under this Agreement within sixty days after its receipt of noticenotice from the Executive Committee, specifying the nature of such failure and invoking this paragraph, may be deemed by the Executive Committee, acting by unanimityunanimity of the other Contracting Parties, to have withdrawn from this Agreement.

Failure to Fulfill Contractual Obligations. Any Contracting Party which fails to fulfill its obligations under this Agreement within sixty days after its receipt of notice, notice specifying the nature of such failure and invoking this paragraph, paragraph may be deemed by the Executive Committee, acting by unanimity, to have withdrawn from this Agreement.