Examples of Corrective Period in a sentence
The Corrective Period shall be counted from the date of receipt by the breaching Party of a written notice of breach.
For the sake of clarity, the Corrective Period is not applied in case of material breach under Clause 11.1(b) or Clause 11.1(c), as in these cases the purpose of the Corrective Period is fulfilled by the Cure Period or the term specified in the Ojbection Notice, as the case may be, and their prior application.
In addition and for the avoidance of any doubt, the application of the Corrective Period under this Clause 11.2 of this Agreement shall be without prejudice to and shall not relieve either Party from the obligation to pay any contractual penalty in accordance with the provisions of Clause 12.2 of this Agreement or to pay Damages incurred by the other Party in accordance with the provisions of Clause 12.3 of this Agreement.