Common use of Performance of the Parties Clause in Contracts

Performance of the Parties. Each Party shall: i) perform its obligations under the Agreement according to the requirements of the Agreement, all applicable Legal Provisions, any specifications and requirements decided upon by the MCSC, good practice and current professional standards, applicable for these types of obligations; ii) use, where appropriate, suitable technology, materials and/or equipment including necessary backups and contingency plans and trained and competent staff for the execution of its obligations under the Agreement; iii) perform its obligations under the Agreement in the best interest of all Parties in order to achieve a well-functioning SIDC; iv) have the necessary licenses and authorisations to enter into the Agreement; and v) have the knowledge, experience and human and technical competences necessary for the satisfactory performance of its obligations under the Agreement.

Performance of the Parties. Each Party shall: i) perform its obligations under the Agreement this DAOA according to the requirements of the Agreementthis DAOA, all applicable Legal Provisionslaws and regulations, any specifications and requirements decided upon by the MCSC, good practice and current professional standards, applicable for these types type of obligations; ii) use, where appropriate, suitable technology, materials and/or equipment including necessary backups and contingency plans and trained and competent staff for the execution of its obligations under the Agreementthis DAOA; iii) perform its obligations under the Agreement this DAOA in the best interest of all Parties in order to achieve a well-functioning SIDCSDAC; iv) have the necessary licenses license and authorisations to enter into the this Agreement; and v) have the knowledge, experience and human and technical competences competence necessary for the satisfactory performance of its obligations under the Agreementthis DAOA.