CARDINAL OBLIGATION definition

CARDINAL OBLIGATION means, in accordance with § 9 clause 2 of the GTC SOFTWARE LEASING a material contractual obligation the fulfilment of which is a prerequisite for the proper performance of the CONTRACT or on the fulfilment of which the CUSTOMER regularly relies and may rely;
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CARDINAL OBLIGATION means, in accordance with § 5 clause 2 of the GTC COMMER- CIAL GOODS a material contractual obligation, the fulfilment of which makes the proper per- formance of the CONTRACT possible in the first place or on the compliance of which the CUS- TOMER regularly relies and may rely;
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CARDINAL OBLIGATION means an obligation whose fulfilment is a prerequisite for the proper execution of the contract and upon the adherence to which the contracting party relies and may rely;
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Examples of CARDINAL OBLIGATION in a sentence

  • HID OR ITS SUPPLIERS SHALL ONLY BE LIABLE FOR THE VIOLATION OF AN OBLIGATION, THE PARTICULAR FULFILLMENT OF WHICH IS OF PARTICULAR SIGNIFICANCE FOR THE ACHIEVEMENT OF THE CONTRACTUAL PURPOSE (CARDINAL OBLIGATION).

  • THIS SHALL NOT APPLY TO DAMAGES CAUSED INTENTIONALLY OR DUE TO GROSS NEGLIGENCE BY MA LIGHTING, ITS REPRESENTATIVES OR ITS AGENTS OR DAMAGES RESULTING FROM A VIOLATION OF CARDINAL OBLIGATIONS OR MAJOR CONTRACTIONAL MAIN DUTIES RESULTING FROM ORDINARY NEGLIGENCE WHEREBY A CARDINAL OBLIGATION IN THIS TERMS IS AN ESSENTIAL CONTRACTUAL OBLIGATION WHOSE VIOLATION WOULD ENDANGER THE PURPOSE OF THE AGREEMENT.

  • Considering the importance of consistent, reliable, accurate and relevant land cover information required for GHG Inventories; most countries have made an effort to develop land cover maps.

  • A CARDINAL OBLIGATION SHALL MEAN A PRECISELY DELINEATED CONTRACTUAL OBLIGATION WHOSE FULFILMENT IS ESSENTIAL TO ACHIEVING THE PURPOSE OF THE CONTRACT HENCE WITHOUT ITS FULFILMENT THE ACHIEVEMENT OF THE CONTRACT’S PUPROSE WOULD BE ENDANGERED OR A CONTRACTUAL OBLIGATION WHOSE FULFILMENT PERMITS FOR THE PROPER EXECUTION OF THE CONTRACT AND ON WHOSE FULFILMENT THE CUSTOMER COULD REGULARTLY RELY.OBLIGATIONS THAT ARE NOT COMPRISED BY THAT DEFINION SHALL NOT BE CARDINAL OBLIGATIONS.

  • FOR VIOLATION OF A CARDINAL OBLIGATION LIABILITY IS FURTHER LIMITED TO THE FEES PAID AND/OR OWED (AS APPLICABLE) BY CUSTOMER FOR THE PLANS, PRODUCTS, OR SERVICES THAT ARE THE SUBJECT OF THE BREACH.

  • IN CASES OF NEGLIGENCE, THE PARTIES SHALL ONLY BE LIABLE FOR BREACH OF A MATERIAL CONTRACTUAL OBLIGATION (CARDINAL OBLIGATION), THE FULFILMENT OF WHICH IS ESSENTIAL FOR THE PROPER PERFORMANCE OF THE AGREEMENT AND ON THE OBSERRVANCE OF WHICH THE OTHER PARTY MAY REGULARLY RELY, AS WELL AS FOR DAMAGES RESULTING FROM INJURY TO LIFE, LIMB OR HEALTH.

  • HID OR ITS SUPPLIERS SHALL ONLY BE LIABLE FOR THE VIOLATION OF AN OBLIGATION, THE PARTICULAR FULFILMENT OF WHICH IS OF PARTICULAR SIGNIFICANCE FOR THE ACHIEVEMENT OF THE CONTRACTUAL PURPOSE (CARDINAL OBLIGATION).

Related to CARDINAL OBLIGATION

  • Additional Obligations as defined in the Base Intercreditor Agreement.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter Incurred) which is subordinate or junior in right of payment to the Securities pursuant to a written agreement.