Notification and Obligation to Remedy Sample Clauses

Notification and Obligation to Remedy. In the event of the occurrence of a Force Majeure Event that prevents any Party from performing its obligations hereunder, such Party shall:
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Notification and Obligation to Remedy. In the event of the occurrence of a Force Majeure that prevents a Party from performing its obligations hereunder, such Party shall: (a) notify within five (5) Days the other Party in writing of such Force Majeure; (b) not be entitled to suspend performance under this Agreement for any greater scope or longer duration than is required by the Force Majeure; (c) use all reasonable efforts to remedy its inability to perform and to resume full performance hereunder as soon as practicable; (d) perform acts to avoid further loss or wastage; (e) keep such other Party apprised of such efforts on a continuous basis; and (f) provide written notice of the resumption of performance hereunder. Notwithstanding the occurrence of a Force Majeure, the Parties shall perform their obligations under this Agreement to the extent the performance of such obligations is not impeded by the Force Majeure.
Notification and Obligation to Remedy. (a) In the event of the occurrence of a Non-Governmental Force Majeure Event, the affected Party shall: (a) as soon as reasonably practicable and in any event within forty- eight (48) hours of the affected Party having knowledge of such Non-Governmental Force Majeure Event, notify the other Parties in writing thereof, (b) not be entitled to suspend performance under this BOT Contract for any greater scope or longer duration than is required by the Non-Governmental Force Majeure Event, and (c) use all commercially reasonable efforts, such efforts to include compliance with Prudent Utility Practices, to resume full performance as soon as practicable. Notwithstanding the above, if the event constituting a Non-Governmental Force Majeure Event results in a breakdown of communications rendering it not reasonably practicable to give notice within the applicable time limit specified herein, then the Party affected by the Non- Governmental Force Majeure Event shall give such notice as soon as reasonably practicable after the reinstatement of communications, but not later than one (1) Business Day after such reinstatement. Any notice shall include full particulars of the event constituting the Non-Governmental Force Majeure Event, of its effects on the Party claiming relief and the remedial measures proposed. The Party affected by a Non- Governmental Force Majeure Event shall give the other Party regular reports on the progress of those remedial measures and such other information as the other Party may reasonably request.
Notification and Obligation to Remedy. XI.2.1In the event of the occurrence of a Force Majeure that prevents a Party from performing its obligations hereunder (other than an obligation to pay money), such Party shall: (i) notify as soon as reasonably practicable (but in any event with forty-eight (48) hours) the other Party in writing of such Force Majeure; (ii) not be entitled to suspend performance under this Agreement for any greater scope or longer duration than is required by the Force Majeure; (iii) use all reasonable efforts to remedy its inability to perform and to resume full performance hereunder as soon as practicable; (iv) give the other Party a second notice, describing the Force Majeure(s) in reasonable detail and, to the extent which can be reasonably determined at the time of such notice, providing a preliminary evaluation of the obligations affected, a preliminary estimate of the period of time that the affected Party shall be unable to perform such obligations and other relevant matters as soon as practicable, but in any event, not later than seven (7) Days after the initial notice of the occurrence of the Force Majeure(s) is given by the affected Party; (v) keep such other Party apprised of such efforts on a continuous basis; and (vi) provide written notice of the resumption of performance hereunder. Notwithstanding the occurrence of Force Majeure, the Parties shall perform their obligations under this Agreement to the extent the performance of such obligations is not impeded by the Force Majeure. XI.2.2Failure by the affected Party to have given written notice of Force Majeure to the other Party within the forty-eight (48) hour period required by Section XI.2.1 shall not prevent the affected Party from giving such notice at a later time; provided, however, that in such case the affected Party shall not be excused pursuant to Section XI.3.1 for any failure or delay in complying with its obligations under or pursuant to this Agreement until such notice has been given. If such notice is given within the forty-eight (48) hour period required by Section XI.2.1, the affected Party shall be excused for such failure or delay pursuant to Section XI.3.1 from the date of commencement of the relevant Force Majeure.
Notification and Obligation to Remedy. In the event of the occurrence of a Force Majeure that prevents a Party from performing its obligations hereunder (other than an obligation to pay money), such Party shall: notify as soon as reasonably practicable the other Party in writing of such Force Majeure; not be entitled to suspend performance under this Agreement for any greater scope or longer duration than is required by the Force Majeure; use all reasonable efforts to remedy its inability to perform and to resume full performance hereunder as soon as practicable; keep such other Party apprised of such efforts on a continuous basis; and provide written notice of the resumption of performance hereunder. Notwithstanding the occurrence of a Force Majeure, the Parties shall perform their obligations under this Agreement to the extent the performance of such obligations is not impeded by the Force Majeure.

Related to Notification and Obligation to Remedy

  • Obligation to Notify If the Participant makes the election permitted under Section 83(b) of the Internal Revenue Code of 1986, as amended (that is, an election to include in gross income in the year of transfer the amounts specified in Section 83(b)), the Participant shall notify the Company of such election within 10 days of filing notice of the election with the Internal Revenue Service and shall within the same 10-day period remit to the Company an amount sufficient in the opinion of the Company to satisfy any federal, state and other governmental tax withholding requirements related to such inclusion in Participant’s income. The Participant should consult with his or her tax advisor to determine the tax consequences of acquiring the Restricted Stock and the advantages and disadvantages of filing the Section 83(b) election. The Participant acknowledges that it is his or her sole responsibility, and not the Company’s, to file a timely election under Section 83(b), even if the Participant requests the Company or its representatives to make this filing on his or her behalf.

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