Consequences of Non-Performance Sample Clauses

The "Consequences of Non-Performance" clause defines what happens if a party fails to fulfill its contractual obligations. Typically, this clause outlines the remedies available to the non-breaching party, such as the right to claim damages, terminate the agreement, or require specific performance. For example, if one party does not deliver goods or services as promised, the other party may be entitled to compensation or may be released from their own obligations. The core function of this clause is to clarify the repercussions of non-performance, thereby managing risk and providing a clear framework for resolving breaches.
Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and Budget, the Designated Authority may: (i) require that the shortfall be added to the Exploration to be carried out in the next Contract Year; (ii) require payment of the estimated cost of the Exploration not carried out in that Contract Year; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract Year. (b) If, in a Contract Year, the Contractor carries out more Exploration than is required of it, the excess shall be credited against Exploration to be carried out in the following Contract Year and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and ▇▇▇▇▇ C and except with the consent of the Designated Authority, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.
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Consequences of Non-Performance. Failure to fully satisfy all of the requirements/criteria set forth in Section 3.1 (Performance/Certification), Iowa Code chapter 8B, and Iowa Administrative Code chapter 129—22, as may be verified pursuant to and in accordance with Section 3.2 (Field Testing), or failure to otherwise to complete the Project as represented in the Application, may result in the Office’s denial of a request for reimbursement for any or all expenditures related to the Project, and Grantee shall not otherwise be entitled to reimbursement for any such expenditures.
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Consequences of Non-Performance. Where the failure of the Council to perform in accordance with this Agreement leads to loss to the School, then the Council will make good that loss, in particular by meeting such financial penalties that the school shall be subject to as a result of such failure.
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Consequences of Non-Performance. By April 7, 2001, the Investor shall have delivered to the Company a certificate, sworn to and executed by a duly authorized officer of the Investor, representing that the services set forth in Section 9.1 herein have been rendered. If such services have not been rendered, the Investor shall have an additional 12-month period to either (a) expend an additional amount of money so that the Investor has spent an aggregate of $840,000 for the services it was to provide pursuant to Section 9.1; (b) pay cash to the Company in an amount equal to the difference between $840,000 and the amount the Investor incurred for services already rendered; or (c) return the appropriate number of Shares to the Company so that the total number of Shares actually retained by the Investor will equal $7.51 per Share, based on $6.67 million purchase price paid plus the value of the services rendered for the Investor Interest on the date hereof.
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Consequences of Non-Performance. If the Ministry does not fulfil the established performance standards, the following steps will be taken to address the concerns of affected beneficiaries: i. Affected beneficiaries are encouraged to escalate any complaints they may have by either contacting the GRM (Grievance Redress Mechanism) desk officer directly or by completing the GRM form available on the State's official website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇. It is important for beneficiaries to clearly articulate their issues to ensure they are adequately addressed. ii. Upon receipt of the complaints, the Ministry will promptly acknowledge the identified shortcomings. A thorough review of the situation will be conducted, and a suitable corrective redress action will be proposed to rectify the issues and ensure such lapses do not occur in the future. This process aims to uphold accountability and maintain the trust of the beneficiaries.
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Related to Consequences of Non-Performance

  • Consequences of non-compliance If a beneficiary breaches any of its obligations under this Article, the grant may be reduced (see Article 43). Such breaches may also lead to any of the other measures described in Chapter 6.

  • Financial Consequences for Nonperformance The State reserves the right to withhold payment or implement other appropriate remedies, such as contract termination or nonrenewal, when the Contractor has failed to perform under or comply with the provisions of this contract. When or if the Contractor fails to perform or comply with provisions of this contract, the Contractor has ten (10) calendar days from receipt of Complaint to Vendor Form (PUR 7017) to comply as instructed within the notice. An amount of $500.00 may be assessed for each day the Contractor is delinquent after the ten (10) day notice period ends, and that amount may be withheld from a Contractor’s invoice. The rights and remedies of the State in this paragraph are not considered penalties and are in addition to any other rights and remedies provided by law.

  • Consequences of Events of Default (a) If an Event of Default of the type described in Section 3.1(a) or (b) has occurred and continued for 15 days or any other Event of Default has occurred, the interest rate on this Note will increase immediately by an increment of two percentage points to the extent permitted by law. Thereafter, until such time as no Event of Default exists, the interest rate on this Note will increase automatically at the end of each succeeding fiscal quarter by an additional increment of one percentage points to the extent permitted by law (but in no event will the interest rate exceed 18 percent per annum). Any increase of the interest rate resulting from the operation of this Section 3.2(a) will terminate as of the close of business on the date on which no Events of Default exist (subject to subsequent increases pursuant to this Section). (b) If an Event of Default of the type described in Section 3.1(d) has occurred, the principal amount of this Note (together with all accrued interest thereon and all other amounts payable in connection therewith) will become immediately due and payable without any action on the part of the Holder, and the Companies will immediately pay to the Holder all amounts due and payable with respect to this Note. (c) If an Event of Default of the type described in Section 3.1(a) or (b) has occurred and continued for 15 days and if an Event of Default of the type described in Section 3.1(b) has occurred and continued for 30 days, or any other Event of Default (other than under Section 3.1(d)) has occurred, the Holder may declare all or any portion of the outstanding principal amount of this Note (together with all accrued interest thereon and all other amounts due in connection therewith) due and payable and demand immediate payment of all or any portion of such amount. If the Holder demands immediate payment and all or any portion of the amounts due under this Note, the Companies will immediately pay to the Holder all amounts demanded to be paid with respect to this Note. (d) The Holder will also have any other rights which it may have been afforded under any contract or agreement at any time and any other rights which the Holder may have pursuant to applicable law. (e) Each Company hereby waives diligence, presentment, protest and demand and notice of protest and demand, dishonor and nonpayment of this Note, and expressly agrees that this Note, or any payment hereunder, may be extended from time to time and that the Holder may accept security for this Note or release security for this Note, all without in any way affecting the liability of the Companies hereunder.

  • Consequences of Default Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement: 6.1 Any unpaid amounts under section 2 shall bear interest at one and one-quarter percent (1.25%) per month;

  • Consequences of Breach Without prejudice to Clause 8, Funding, the Mortgages Trustee and the Security Trustee severally acknowledge to and agree with the Seller, and the Security Trustee acknowledges to and agrees with Funding and the Mortgages Trustee, that the Seller shall have no liability or responsibility (whether, in either case, contractual, tortious or delictual, express or implied) for any loss or damage for or in respect of any breach of, or any act or omission in respect of, any of its obligations hereunder other than loss or damage directly (and not indirectly or consequentially) suffered by the Mortgages Trustee and/or Funding or the assets comprised in the security constituted by the Funding Deed of Charge by reason of such breach, act or omission. For this purpose (and without limiting the scope of the above exclusion in respect of indirect or consequential loss or damage), any loss or damage suffered by the Mortgages Trustee and/or Funding or such assets which would not have been suffered by it or such assets had the breach, act or omission in question not also been or given rise to a Note Event of Default or enforcement of the security constituted by the Funding Deed of Charge shall be treated as indirect or consequential loss or damage.