Formal Notice. In the case where the Operator does not reply to the OP3FT, or does not remedy the failure without delay, or does not satisfactorily prove the existence of exceptional circumstances entitling the Operator to more time to remedy the failure: • the OP3FT shall send the Operator a formal notice by way of an email restating the failure in question; the OP3FT shall also send the Operator a copy of the formal notice by way of a registered letter with return receipt, • the Operator shall then have no more than 5 (five) calendar days, following the sending date of the email, to comply with all of its contractual obligations, and to send the OP3FT all required proof thereof, doing so by email and by registered letter with return receipt. The Operator acknowledges and accepts that, after receiving more than 3 (three) formal notices within a consecutive period of 12 (twelve) months, any new formal notice shall lead to the application of a penalty of 5% (five percent) of the royalties amount for the month during which the new formal notice was sent.
Appears in 5 contracts
Samples: Frogans Core Registry Delegation Agreement, Delegation Agreement, Frogans Core Registry Delegation Agreement
