Contract Obligations Clause Samples
The Contract Obligations clause defines the specific duties and responsibilities that each party must fulfill under the agreement. It typically outlines what actions, deliverables, or services are required, the standards or timelines for performance, and any conditions that must be met. For example, it may specify that one party must deliver goods by a certain date while the other must provide payment upon receipt. This clause ensures that both parties clearly understand their respective commitments, reducing the risk of misunderstandings and disputes over what is required by the contract.
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Contract Obligations. The Borrower shall, and shall cause each Restricted Subsidiary, to perform in accordance with its terms every contract, agreement, obligation or other arrangement to which such Person is a party or by which it or any of its property is bound, including government contracts. In the event that any material default or material performance deficiency occurs, the Borrower shall notify the Administrative Agent promptly in writing. The Borrower shall provide the Administrative Agent promptly with copies of any cure notices or default notices it may receive from a Governmental Authority on any government contract and detail the proposed corrective action. At the Administrative Agent’s request, the Borrower shall also provide the Administrative Agent with copies of any stop work notices in effect at the date of the Administrative Agent’s request.
Contract Obligations. Once a contract is confirmed and signed, the terms and conditions contained therein shall take precedence over the Bidder’s bid and all previous correspondence.
Contract Obligations. 40 The insurance, as provided by the Owner for Contractors and Subcontractors under this Article 11 is not intended to, and shall not be construed to limit, qualify, or waive any liabilities or obligations of Contractor or Subcontractors, assumed or otherwise, under this Contract.
Contract Obligations. The Borrower shall, and shall cause each Subsidiary, to perform in accordance with its material terms every contract, agreement, obligation or other arrangement to which such Person is a party or by which it or any of its property is bound, including government contracts, if any. In the event that any material default or material performance deficiency occurs, the Borrower shall notify the Lender promptly in writing. The Borrower shall provide the Lender promptly with copies of any cure notices or default notices it may receive on any contract or from any party and detail the proposed corrective action. At the Lender’s request, the Borrower shall also provide the Lender with copies of any stop work notices in effect at the date of the Lender’s request.
Contract Obligations. The obligations of Seller under the Purchased Contracts;
Contract Obligations. Exhibit E identifies all contracts burdening the Assets. Such Seller is not, nor to such Seller’s knowledge is any third party, in default in any material respect under any such contract.
Contract Obligations. In the event that Borrower or any Subsidiary commits any material default in any material contract to which it is a party, Borrower shall notify the Lender promptly in writing. Borrower shall provide the Lender promptly with copies of any cure notices or stop work notices it or any of its Subsidiaries may receive from the Government on any Government Contract and detail the proposed corrective action.
Contract Obligations. 5 Depositor ............................................................. 5
Contract Obligations. If the Business Buyer agrees to fulfill all the current requirements and conditions placed upon the Business Entity by all its existing contracts for the full term of each such contract, then select the third checkbox (“Contract Obligations”). It is strongly recommended that every contract held by the Business being sold is disclosed and fully comprehended by the Buyer before this selection is made.
Contract Obligations. The obligations of the Seller under the Assigned Contracts excluding liabilities for any breach of an Assigned Contract where the breach occurred prior to the Effective Time;