Performance by/Responsibility for Affiliates Clause Samples
The 'Performance by/Responsibility for Affiliates' clause defines how a party’s obligations or liabilities under a contract may be fulfilled or assumed by its affiliates, such as subsidiaries or parent companies. Typically, this clause allows a party to delegate certain duties to its affiliates, or makes the party responsible for ensuring that its affiliates comply with relevant contractual terms. This provision clarifies the extent to which affiliates are involved in contract performance and allocates responsibility, thereby preventing disputes over who is accountable for specific actions or breaches.
POPULAR SAMPLE Copied 1 times
Performance by/Responsibility for Affiliates. Each of Company and Licensee acknowledge that their obligations and rights under this Agreement may be performed and exercised by Affiliates of Company and Licensee, respectively. Obligations of the Party for which one of its Affiliates is performing hereunder shall be deemed to extend to such performing Affiliate. Each of Company and Licensee guarantee performance of this Agreement by its Affiliates. Wherever in this Agreement the Parties delegate responsibility to Affiliates, the Parties agree that such entities shall not make decisions inconsistent with this Agreement, amend the terms of this Agreement or act contrary to its terms in any way. If a Party’s Affiliate breaches any aspect of this Agreement in the performance of any activity that has been delegated to such Affiliate, then the other Party shall be entitled to proceed against the Party whose Affiliate so breached, and shall not first be required to proceed against the Affiliate that so breached.
Performance by/Responsibility for Affiliates. Each of Solazyme and Roquette acknowledges that its obligations and rights under this Agreement may be performed and exercised by Affiliates of Solazyme and Roquette, respectively. Obligations of the Party for which one of its Affiliates is performing hereunder shall be deemed to extend to such performing Affiliate. Each of Solazyme and Roquette guarantees performance of this Agreement by its Affiliates. In any case in which a Party delegates responsibilities to its Affiliates hereunder, the Parties agree that such Affiliates shall not make decisions inconsistent with this Agreement, amend the terms of this Agreement or act contrary to its terms in any way. If a Party’s Affiliate breaches any aspect of this Agreement in the performance of any activity that has been delegated to such Affiliate, then the other Party shall be entitled to proceed against the Party whose Affiliate so breached and shall not first be required to proceed against the Affiliate that so breached.
Performance by/Responsibility for Affiliates. Each of Immunomedics and Everest acknowledge that their obligations and rights under this Agreement may be performed and exercised by Affiliates of Immunomedics and Everest, respectively. Obligations of the Party for which one of its Affiliates is performing hereunder shall be deemed to extend to such performing Affiliate. Each of Immunomedics and Everest guarantee performance of this Agreement by its Affiliates. Wherever in this Agreement the Parties delegate responsibility to Affiliates, the Parties agree that such entities shall not make decisions inconsistent with this Agreement, amend the terms of this Agreement or act contrary to its terms in any way. If a Party’s Affiliate breaches any aspect of this Agreement in the performance of any activity that has been delegated to such Affiliate, then the other Party shall be entitled to proceed against the Party whose Affiliate so breached, and shall not first be required to proceed against the Affiliate that so breached.