Remedial Period definition

Remedial Period means the period of time within which the Recipient is required to remedy an Event of Default, pursuant to paragraph A.12.3 (b), and includes any such period or periods of time by which the Province extends that time in accordance with section A.12.4 (Recipient Not Remedying).
Remedial Period has the meaning given in Article 16.1.1.
Remedial Period shall have the meaning ascribed to it in Clause 5g.

Examples of Remedial Period in a sentence

  • During the Remedial Period, the Parties shall continue to perform their respective obligations under this Agreement which can be performed, failing which the Party in breach shall compensate the other Party for any loss or damage occasioned or suffered on account of the underlying failure/breach.

  • If before the expiry of the Remedial Period, the underlying Event of Default is neither cured nor waived nor the Parties have agreed upon any of the measures in accordance with Article 16.4, the Party who has issued the Consultation Notice shall have the right to terminate this Agreement, in which event, the provisions of Article 17 and Article 18 shall, to the extent expressly made applicable, apply.

  • If during the Remedial Period the underlying Event of Default is cured or waived or the Parties agree upon any of the measures set out in Article 16.4, the Consultation Notice shall be withdrawn in writing by the Party who has issued the same.


More Definitions of Remedial Period

Remedial Period has the meaning given in Clause 17.4(b);
Remedial Period has the meaning ascribed to it in Article 15.4. “Requisition” has the meaning ascribed to it in Article 16.3.
Remedial Period means the period stipulated in a Remedial Notice for remedying the relevant Default.
Remedial Period shall have the meaning specified in Clause 21.1 and 21.2 of this Agreement.
Remedial Period means the period of time, detailed in the column headed [Remedial Period/Remedy] in the Performance Standards, within which Sub-hubco must Remedy a Service Event relating to a Performance Standard
Remedial Period means the period of time within which the Recipient is required to remedy an Event of Default, pursuant to paragraph A.13.3 (b), and includes any such period or periods of time by which the Province extends that time in accordance with section A.13.4 (Recipient Not Remedying).
Remedial Period means any of Remediation, Remediation with Probation, and Probation, all as defined in the Guidelines.