REMEDIABLE BREACHES Clause Samples
The "Remediable Breaches" clause defines breaches of contract that can be corrected or cured by the party in default. Typically, this clause outlines a process where the non-breaching party must notify the breaching party of the issue and provide a specified period for them to remedy the breach. For example, if a party fails to deliver goods on time but can still fulfill the obligation within a reasonable extension, this would be considered a remediable breach. The core function of this clause is to provide an opportunity for parties to fix minor or unintentional breaches before more severe consequences, such as termination or damages, are imposed, thereby promoting fairness and preserving contractual relationships.
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REMEDIABLE BREACHES. The Seller shall not be liable for any claim under this Agreement to the extent that the fact, matter, event or circumstance giving rise to such claim is remediable and is remedied to the reasonable satisfaction of the Buyer by, or at the expense of, the Seller within 60 days of the date on which written notice of such claim is given to the Seller pursuant to paragraph 2.
REMEDIABLE BREACHES. The Warrantors shall not be liable for any Warranty Claim to the extent the fact, matter or circumstance giving rise to such Warranty Claim is remedied by or at the expense of the Warrantors and without any loss, liability, cost or expense to the Group Companies within 20 Business Days of the date on which written notice of such Warranty Claim is given to the Warrantors.
REMEDIABLE BREACHES. 7.1 The Investor shall not be liable for any claim to the extent that the facts, matters, events and/or circumstances giving rise to such claim are remedied in full (and not in part only) to the reasonable satisfaction of QIWI by and at the expense of the Investor within 30 Business Days of the date on which written notice of such claim is given to the Investor pursuant to paragraph 2 above.
REMEDIABLE BREACHES. The Sellers shall not be liable for any Warranty Claim to the extent that the fact, matter, event or circumstance giving rise to such Warranty Claim is remediable and is remedied by, and at the expense of, the relevant Sellers within thirty (30) days of the date on which written notice of such Warranty Claim is received by the Seller pursuant to paragraph 2 of this Part 1 of Schedule 6, and the Buyer agrees to use all reasonable endeavours to assist, and to procure the assistance of, the Group Companies in remedying such breach (in each case at the Principal Seller’s cost).
REMEDIABLE BREACHES. The Sellers shall not be liable for any Warranty Claim to the extent that the fact, matter, event or circumstance giving rise to such Warranty Claim is remediable and is remedied in full to the Buyer’s reasonable satisfaction by, or at the cost and expense of, the Sellers within 30 days of the date on which written notice of such Warranty Claim is given to the Sellers pursuant to paragraph 1.
REMEDIABLE BREACHES. Each of the Management Parties shall not be liable for any Claim to the extent that the fact, matter, event or circumstance giving rise to that Claim is remediable and is remedied by or at the expense of the Management Parties within twenty-eight days of the date on which written notice of the Claim is given to him provided that any loss, costs or expense which is the subject of the Claim is reduced by such remedial action.
REMEDIABLE BREACHES. 12.1 Neither of the Sellers shall be liable for any claim to the extent that the fact, matter, event or circumstance giving rise to such claim is remediable and is remedied by or at the expense of the relevant Seller within 60 Business Days of the date on which written notice of such claim is given to the Sellers and the Buyer shall, and shall procure that each member of the Buyer Group shall, co-operate with the Sellers where reasonably necessary (at the relevant Seller’s expense in respect of any third party costs incurred by any member of the Buyer Group at such Seller’s request) to enable them to remedy any such fact, matter, event or circumstance. Where the subject matter of a valid claim is the failure of any Target Group Company to own an asset, the Sellers may elect to remedy any actionable claim by the transfer of their interest in such asset to a Target Group Company.
12.2 In the event that the Sellers elect to remedy any such claim by the transfer to the relevant Target Group Company of the interest of any member of the ntl Group in such asset, the Buyer shall co-operate fully with the Sellers for such purpose and if requested by the relevant Seller:
12.2.1 the Buyer shall procure that the relevant Target Group Company shall pay in cash to the relevant member of the ntl Group (or as it may direct) an amount equal to the fair market value of the interest in such asset upon it being transferred (plus VAT if applicable); and
12.2.2 immediately following any payment by a Target Group Company pursuant to clause 12.2.1 above, the Seller shall pay to the Buyer an amount equal to the fair market value of the interest in such asset by way of an adjustment to the Consideration.
REMEDIABLE BREACHES. To the extent the fact, matter, event or circumstance giving rise to a Claim is capable of remedy, the Seller will not be liable for such Claim if and to the extent that it is remedied at the Seller’s cost and expense to the Buyer’s reasonable satisfaction within 60 Business Days of the date of the notice referred to in paragraph 2.1. Without prejudice to any obligation on the Buyer to mitigate any loss, the Buyer shall, and shall procure that each Buyer Group member shall, at the Seller’s cost and expense, provide reasonable assistance to the Seller to remedy any such fact, matter, event or circumstance.
REMEDIABLE BREACHES. No Seller shall be liable for any claim under the Seller Warranties or otherwise under any Transaction Document to the extent that the fact, matter, event or circumstance giving rise to such claim is remediable and is remedied in full at the Seller’s cost to the reasonable satisfaction of the Buyer (within 60 days of the date on which written notice of such claim is given to the Seller).
REMEDIABLE BREACHES. The Warrantors are not liable for any Claim to the extent that the fact, matter, event or circumstance giving rise to such Claim is remediable and is remedied by, or at the expense of, the Warrantors within 30 days of the date on which written notice of such Claim is given to the Warrantors pursuant to paragraph 2.1.