Compliance Failure definition
Examples of Compliance Failure in a sentence
Compliance: Failure to comply with any of these terms and conditions shall be considered sufficient reason for refusal to accept delivery of the goods.
If, at any point during the Contract Period, there is a Tax Compliance Failure, the Supplier shall: notify the Buyer in writing within five (5) Working Days of its occurrence; and promptly provide to the Buyer: details of the steps which the Supplier is taking to resolve the Tax Compliance Failure and to prevent it from recurring, together with any mitigating factors that it considers relevant; and such other information in relation to the Tax Compliance Failure as the Buyer may reasonably require.
Supplier must notify Apple immediately if it has reason to believe that the Goods provided under this Agreement may (i) produce an Excessive Failure; (ii) produce an Environmental Compliance Failure; or (iii) present a Safety Risk.
Unless otherwise agreed to by the Board in writing, the Investor shall indemnify and hold harmless the Company and its affiliates from and against any withholding taxes, interest, penalties or other expenses or costs with respect to the Investor’s AEOI Compliance Failure.
Buyer will thereafter make a Payment Adjustment by issuing a Change Order reducing the amount of the applicable payment for all costs and expenses it incurs in connection with the correction of the Compliance Failure.