Reporting Failure Clause Samples
The Reporting Failure clause defines the obligations and consequences when a party does not provide required reports or disclosures as stipulated in an agreement. Typically, this clause outlines the types of reports that must be submitted, the deadlines for submission, and the actions that may be taken if a party fails to comply, such as penalties, remedial periods, or even termination rights. Its core practical function is to ensure accountability and transparency between parties by establishing clear expectations and remedies for lapses in reporting, thereby reducing the risk of miscommunication or non-compliance.
Reporting Failure. In the event that the Contractor or the Authority discovers that there has been a Reporting Failure the Authority may increase its monitoring to a level considered
Reporting Failure. Buyer and Seller will use commercially reasonable efforts to provide Count of Record Reporting for each Ad Contract. Should reporting for a specific time period be unavailable from no direct fault of either the Buyer or Seller, NYIAX will use commercially reasonable efforts to assist Buyer and Seller in the resolution and collection of the missing data from the Count of Record.
Reporting Failure. Any MCC Entity shall fail to deliver, when due, any report, certificate, financial statement, notice or other document, as required under Article 7 (Reporting) above, which failure shall not have been remedied within five Business Days after the first day on which such MCC Entity shall have become aware, or shall have received written notice, of such failure; or
Reporting Failure. If due to a failure on the part of the Seller to comply with the requirements to supply information to the Buyer in the Completion Notice pursuant to Clause 3, the Relevant Authority either: i) refuses to Accept any Measure in a Completion Notice reported by the Buyer, or ii) communicates that rejection is imminent for a Measure in a Completion Notice that was reported by the Buyer (a “Reporting Failure”), then the Buyer shall as soon as reasonable practicable Notify the Seller of the Reporting Failure. For the avoidance of doubt, if a reporting failure is due to the Buyer's failure to comply with Clause 3.5, then this Clause 5.1 shall not apply.
Reporting Failure. Consultant shall be subject to liquidated damages in the amount of $100.00 for each workday delay in submitting any required record or report, which may be deducted from the usual monthly payment for each required record or report not timely submitted.