Mandatory acceptance Clause Samples
The Mandatory Acceptance clause requires one party to accept goods, services, or deliverables provided by the other party, provided they meet the agreed-upon specifications or standards. In practice, this means that once the delivering party fulfills its obligations as outlined in the contract, the receiving party cannot unreasonably refuse acceptance or delay acknowledgment. This clause ensures that the transaction proceeds smoothly by preventing unnecessary hold-ups or disputes over acceptance, thereby providing certainty and efficiency in contractual performance.
Mandatory acceptance. (1) Except as otherwise specified in this section, a person shall accept every rated order received and must fill such orders re- gardless of any other rated or unrated orders that have been accepted.
Mandatory acceptance. A Seller shall accept every rated order received and must fill such orders regardless of any other rated or unrated orders that have been accepted.
Mandatory acceptance. The Investor shall be obligated to accept each VWAP Purchase Notice prepared and delivered by the Company in accordance with the terms of and subject to the satisfaction of the conditions contained in this Agreement.