Examples of Failure to Deliver in a sentence
Article Four Remedies for Failure to Deliver or Receive [x] Accelerated Payment of Damages.
Failure to Deliver: In the event of failure of Contractor to deliver services in accordance with the contract terms and conditions, the Agency, after due oral or written notice, may procure the services from other sources and hold Contractor responsible for any resulting additional purchase and administrative costs.
For greater certainty, an affected Contracting Party cannot exercise its voluntary right to terminate this Agreement if an Exchange Failure to Deliver, Exchange Failure to Take, Exchange Failure to Pay or Exchange Default has occurred which, with the giving of notice or the lapse of time or both, would constitute an Unremedied Exchange Default or Exchange Bankruptcy Event of Default.
The Contracting Party will be entitled to the rights of recourse against Exchange set forth under this Agreement in the event of any Failure to Deliver, Failure to Pay or Failure to Take by Exchange relating to a Physically Settled Futures Transaction.
Upon payment of the amounts required to be paid in accordance with this Agreement by Exchange or the Contracting Party, as the case may be, in respect of any Failure to Deliver, Failure to Pay or Failure to Take in respect of any Physically Settled Futures Transaction, Exchange or the Defaulting Party, as the case may be, shall have no further liability under any such Physically Settled Futures Transaction or this Agreement in respect of any such Failure to Deliver, Failure to Pay or Failure to Take.