SANCTIONS (NON PERFORMANCE) Sample Clauses

SANCTIONS (NON PERFORMANCE). 11.1. Should either party fail to comply with any of their obligations to the other party hereto, the injured party will have the option to declare non-performance against the defaulting party – See ANNEX B. 11.2. Failure by either party to take action against the other, in case of the other party's non-compliance with obligations or conditions set forth herein, shall not be interpreted as a waiver to take action for a subsequent non-compliance of the same, or other obligations or conditions.
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SANCTIONS (NON PERFORMANCE). After this contract is signed by both Seller and Buyer, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedures in time and form herein is considered breach of this contract and puts the failing party in default position to pay a one -time penalty fee of one percent (1% ) of the first tranche of the contract to the suffering Party. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted.
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SANCTIONS (NON PERFORMANCE). After this contract is signed by both Provider/Seller and Beneficiary/Buyer, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedure on time and form herein is considered breach of this contract and puts the failing party in default position to pay a penalty fee of 3% of the total sum of the contract to the suffering Party. Seller shall return in full RIF to Buyer within 5 banking days if Seller fails to deliver the MT760 within 5 Banking days in accordance with the closing procedure.
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SANCTIONS (NON PERFORMANCE). After this contract is signed by both PROVIDER and Receiver, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedure in time and form herein is considered breach of this contract and puts the failing party in default position to pay a onetime penalty fee of 1% of the first tranche of the contract to the suffering Party. All subsequent tranches will be based on the same procedures until collateral or funds become exhausted. BANK NAME : BANK ADDRESS : SWIFT CODE : ACCOUNT NAME : XXXXXXXXXXX : ACCOUNT NUMBER : BANK OFFICER’s NAME & TITLE : BANK OFFICER’s TEL NUMBER : BANK OFFICER’s FAX NUMBER : BANK OFFICER’s EMAIL : BANK NAME : BANK ADDRESS : SWIFT CODE : ACCOUNT NAME : XXXXXXXXXXX : ACCOUNT NUMBER : BANK OFFICER’s NAME & TITLE : BANK OFFICER’s TEL NUMBER : BANK OFFICER’s FAX NUMBER : BANK OFFICER’s EMAIL : BANK NAME : BANK ADDRESS : SWIFT CODE : ACCOUNT NUMBER : BANK OFFICER’s NAME : BANK OFFICER’s TELEPHONE : BANK OFFICER’s FAX BANK NAME : BANK ADDRESS : SWIFT CODE : ACCOUNT NAME : ACCOUNT NUMBER : BANK OFFICER’s NAME & TITLE : BANK OFFICER’s TEL NUMBER : BANK OFFICER’s FAX NUMBER : BANK OFFICER’s EMAIL :
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SANCTIONS (NON PERFORMANCE). Should either Party fail to comply with any of their obligations to the other Party related to this Agreement notwithstanding written notice of sixty (60) days to rectify the same, then the suffering Party will have the option to declare non-performance against the defaulting Party. Failure by either Party to take action against the other, in case of the other Party's non- compliance with obligations or conditions set forth in this Agreement, shall not be interpreted as a waiver to take action for a subsequent non-compliance of the same or other obligations or conditions.
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Related to SANCTIONS (NON PERFORMANCE)

  • Non-Performance The obligation of ECOLOGY to the RECIPIENT is contingent upon satisfactory performance by the RECIPIENT of all of its obligations under this Agreement. In the event the RECIPIENT unjustifiably fails, in the opinion of ECOLOGY, to perform any obligation required of it by this Agreement, ECOLOGY may refuse to pay any further funds, terminate in whole or in part this Agreement, and exercise any other rights under this Agreement. Despite the above, the RECIPIENT shall not be relieved of any liability to ECOLOGY for damages sustained by ECOLOGY and the State of Washington because of any breach of this Agreement by the RECIPIENT. ECOLOGY may withhold payments for the purpose of setoff until such time as the exact amount of damages due ECOLOGY from the RECIPIENT is determined.

  • Prompt Performance All actions required to be taken (including payments) by any party under this Agreement shall be performed within the time prescribed for performance in this Agreement, or if no period is prescribed, such actions shall be performed promptly.

  • Excuse for Nonperformance or Delayed Performance Except with respect to defaults of subcontractors, Contractor/Vendor shall not be in default by reason of any failure in performance of this contract in accordance with its terms (including any failure by Contractor/Vendor to make progress in the prosecution of the work hereunder which endangers such performance) if Contractor/Vendor has notified the Commission or designee within 15 days after the cause of the delay and the failure arises out of causes such as: acts of God; acts of the public enemy; acts of the State and any other governmental entity in its sovereign or contractual capacity; fires; floods; epidemics; quarantine restrictions; strikes or other labor disputes; freight embargoes; or unusually severe weather. If the failure to perform is caused by the failure of a subcontractor to perform or to make progress, and if such failure arises out of causes similar to those set forth above, Contractor/Vendor shall not be deemed to be in default, unless the services to be furnished by the subcontractor were reasonably obtainable from other sources in sufficient time to permit Contractor to meet the contract requirements. Upon request of Contractor, the Commission or designee shall ascertain the facts and extent of such failure, and, if such officer determines that any failure to perform was occasioned by any one or more of the excusable causes, and that, but for the excusable cause, Contractor’s progress and performance would have met the terms of the contract, the delivery schedule shall be revised accordingly, subject to the rights of the State under the clause entitled (in fixed-price contracts, “Termination for Convenience,” in cost-reimbursement contracts, “Termination”). (As used in this Paragraph of this clause, the term “subcontractor” means subcontractor at any tier).

  • Excused Performance 6.1 Notwithstanding the occurrence of a Force Majeure Event, in which case Clause 17 will govern, BT will not be liable for any failure or delay to perform any of its obligations under this Agreement (including any of its obligations to meet any Service Levels) to the extent that BT’s failure or delay in performing arises as a result of: 6.1.1 any failure or delay by the Customer to perform any of the Customer’s obligations under this Agreement; 6.1.2 any act or omission other than on the part of a BT Affiliate or a subcontractor or supplier appointed by it unless that BT Affiliate, subcontractor or supplier has invoked their force majeure rights under their contract with BT; or 6.1.3 Applicable Law, a court order, an application for interlocutory relief or injunction restricting or preventing BT from supplying a Service.

  • Continuing Performance (a) The obligations under this Agreement continue until satisfied in full and do not merge with any action performed or document executed by any Party for the purposes of performance of this Agreement. (b) Any representation in this Agreement survives the execution of any document for the purposes of, and continues after, performance of this Agreement. (c) Any indemnity given by any Party under this Agreement: (i) constitutes a liability of that Party separate and independent from any other liability of that Party under this Agreement or any other agreement; and (ii) survives and continues after performance of this Agreement.

  • Lawful Performance Vendor shall abide by all Federal, State and Local Laws, Ordinances, Regulations, and Statutes as may be related to the performance of duties under this agreement. In addition, all applicable permits and licenses required shall be obtained by the vendor, at vendor’s sole expense.

  • Excuse from performance of obligations If the Affected Party is rendered wholly or partially unable to perform its obligations under this Agreement because of a Force Majeure Event, it shall be excused from performance of such of its obligations to the extent it is unable to perform on account of such Force Majeure Event; provided that: (a) the suspension of performance shall be of no greater scope and of no longer duration than is reasonably required by the Force Majeure Event; (b) the Affected Party shall make all reasonable efforts to mitigate or limit damage to the other Party arising out of or as a result of the existence or occurrence of such Force Majeure Event and to cure the same with due diligence; and (c) when the Affected Party is able to resume performance of its obligations under this Agreement, it shall give to the other Party notice to that effect and shall promptly resume performance of its obligations hereunder.

  • Contract Performance C19.1 The Contractor shall ensure that: C19.1.1 the Goods conform in all respects with the Specification and, where applicable, with any sample or performance demonstration approved by the Authority; C19.1.2 the Goods operate in accordance with the relevant technical specifications and correspond with the requirements of the Specification and any particulars specified in the Contract; C19.1.3 the Goods conform in all respects with all applicable Laws; and C19.1.4 the Goods are free from defects in design, materials and workmanship and are fit and sufficient for all the purposes for which such Goods are ordinarily used and for any particular purpose made known to the Contractor by the Authority.

  • Work Performance Xxxxxx agrees that all Services performed hereunder shall be performed on a best effort basis by employees, students, faculty, graduate assistants and staff having an appropriate experience and skill level and in compliance with the statement of work.

  • Substantial Performance This Contract shall be deemed to be substantially performed only when fully performed according to its terms and conditions and any written amendments or supplements.

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