BREACH OF OBLIGATIONS definition

BREACH OF OBLIGATIONS any Obligor shall fail in any respect which (except in the case of Clauses 21.7 (Negative pledge) and 21.9 (Financial covenants)) is material in the context of the Finance Documents to comply with any other provision of the Finance Documents and, except in the case of Clause 21.8 (Disposals) and 21.9 (Financial covenants), such failure (if capable of remedy) shall continue unremedied for a period of twenty-one days after the Company shall have received notice from the Agent requiring the default to be remedied; or
Sample 1
BREACH OF OBLIGATIONS means any failure to carry out obligations, distortion of facts, misguiding, wrong description, inaccurate representation, misleading information, mistake, excess of powers, omission, infringement of employees’ rights or any other act committed by the insured while holding its/their office within the company.Any related, continuous, or repetitive breach of obligations shall form one single breach of obligations regardless of whether it has been caused by one insured individually or jointly by several insured and regardless of whether the aggrieved party has been one or several persons.
Sample 1
BREACH OF OBLIGATIONS. CEAC fails to observe or perform any of its other obligations and/or undertakings under the Agreement including compliance with Clause 10 (Conditions) Material adverse change any event or series of events occurs whether related or not which could reasonably be expected to materially and adversely affect the ability of CEAC to perform any of the obligations under the Agreement including its bankruptcy. Rapidations CEAC repurchates the Agreement
Sample 1

Examples of BREACH OF OBLIGATIONS in a sentence

  • Julie Henry – Durham Council Welfare RightsJulie Henry from Durham County Council’s welfare rights team has kindly offered to monitor the introduction of PIP by collating advisers’ experiences.

  • Breach of obligations If an insured person fails to meet the obligations incumbent upon him under this policy, the obligation to provide said person with the insurance benefits will no longer apply.

  • Article 5a Breach of obligations in case of freedom to provide services 1.

  • District Ave., Dorchester, MA 02125 License #: LB-525354Has applied for a Common Victualler License to be exercised on the above: One floor, kitchen and storage in the back.Manager: David MedeirosHours of Operation: 11:00 AM to 12:00 AM Granted, pending clarification of the manager of record 5.

  • In no event shall Buyer’s remedy for Breach of obligations by Seller (or any of its Representatives) under this Article 7 exceed the Allocated Value of the portion of the Subject Interests affected by such Breach.

  • Breach of obligations Should the policyholder, the third party commissioned by the policyholder to carry out the clinical trial, or the trial subject, breach the obligations incumbent upon them under the terms of this contract (cf.

  • For the avoidance of doubts, the measures described in Section 7.3 (Breach of obligations by an Issuer) are also applicable to this ongoing obligation of Issuers.

  • Breach of obligations, irregularities or fraudThe contracting authority reserves the right to suspend or cancel the procedure, where the award procedure proves to have been subject to breach of obligations, irregularities or fraud.

  • Breach of obligations set out by the license for broadcasting of the relevant FTV Prima TV Channel, c) Potential sanctions against FTV Prima or the Broadcaster by third parties (e.g. owners of rights, tenderers, etc.) or public authorities, d) Violation of the Code of Advertising of the Advertising Council or other self-regulatory regulations or ethical rules, e) Breach of the legitimate interests of FTV Prima or the Broadcaster in relation to third parties.

  • It is also well known that subH⃗ (F⃗ ) ̸= 0 if andonly if F⃗ is a quotient of H⃗ .These facts allow us to construct a reduction from the parameterized problem of computing #Sub(H⃗ → G⃗ ) to the parameterized problem of computing #Hom(H⃗ → G⃗ ) and vice versa.

Related to BREACH OF OBLIGATIONS

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Breach of Duty means the Director or Officer breached or failed to perform his or her duties to the Corporation and his or her breach of or failure to perform those duties is determined, in accordance with Section 8.04, to constitute misconduct under Section 180.0851 (2) (a) 1, 2, 3 or 4 of the Statute.

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Breach of trust means a breach of any duty imposed on a trustee by this Act or by the terms of the trust;

  • Breach of system security means unauthorized acquisition of computerized data that compromises the security, confidentiality, or integrity of sensitive personal information maintained by a person, including data that is encrypted if the person accessing the data has the key required to decrypt the data. Good faith acquisition of sensitive personal information by an employee or agent of the person for the purposes of the person is not a breach of system security unless the person uses or discloses the sensitive personal information in an unauthorized manner. Business and Commerce Code 521.053(a)

  • Breach of the security of the system means unauthorized acquisition or acquisition without valid authorization of physical or computerized data which compromises the security, confidentiality, or integrity of personal information maintained by the district. Good faith acquisition of personal information by an officer or employee or agent of the district for the purposes of the district is not a breach of the security of the system, provided that the private information is not used or subject to unauthorized disclosure.

  • Intentional Breach means, with respect to any agreement or covenant of a party in this Agreement, an action or omission taken or omitted to be taken by such party in material breach of such agreement or covenant that the breaching party intentionally takes (or fails to take) with actual knowledge that such action or omission would, or would reasonably be expected to, cause such material breach of such agreement or covenant.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors, as applicable.

  • Breach of Security means the occurrence of unauthorised access to or use of the Premises, the Services, the Contractor system or any ICT or data (including the Authority’s Data) used by the Authority or the Contractor in connection with this Contract.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Indemnification Obligation means any existing or future obligation of any Debtor to indemnify current and former directors, officers, members, managers, agents or employees of any of the Debtors who served in such capacity, with respect to or based upon such service or any act or omission taken or not taken in any of such capacities, or for or on behalf of any Debtor, whether pursuant to agreement, the Debtors’ respective memoranda, articles or certificates of incorporation or formation, corporate charters, bylaws, operating agreements, limited liability company agreements, or similar corporate or organizational documents or other applicable contract or law in effect as of the Effective Date, excluding any obligation to indemnify any of the foregoing parties with respect to any act or omission for or on behalf of the Debtors arising out of any act or omission determined by a Final Order to constitute actual fraud, willful misconduct, or gross negligence.

  • Breach means the acquisition, access, use, or disclosure of PHI in a manner not permitted 9 under the HIPAA Privacy Rule which compromises the security or privacy of the PHI.

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • operation in breach of customs legislation means any violation or attempted violation of customs legislation.

  • Misrepresentation has the meaning ascribed thereto in the Securities Act;

  • BREACH OF CONTRACTUAL OBLIGATION means amongst others also the following:

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Fraud means any offence under Laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • Intentional for purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed to have been intentional if it was due primarily to an error in judgment or negligence. An act or failure to act on the Executive’s part shall be considered intentional if it is not in good faith and if it is without a reasonable belief that the action or failure to act is in the best interests of the Bank.

  • Willful and Material Breach means a material breach that is a consequence of an act undertaken by the breaching party or the failure by the breaching party to take an act it is required to take under this Agreement, with knowledge that the taking of or failure to take such act would, or would reasonably be expected to, result in, constitute or cause a breach of this Agreement.

  • Willful Misconduct means intentional disregard of good and prudent standards of performance or proper conduct under the Contract with knowledge that it is likely to result in any injury to any person or persons or loss or damage of property.

  • Non-Recourse Parties has the meaning provided in Section 12.16.

  • Tort means in breach of contract.

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Limitation of Liability Insert the following Section 15, after Section 14: