Common use of Defaults and Disputes Clause in Contracts

Defaults and Disputes. To pay an amount representing the reasonable costs and expenses of NFPAS in respect of action taken under clause 7.1.5 unless such amount has been deducted or set off by NFPAS in accordance with such clause provided that: (A) NFPAS has first taken all reasonable endeavours to recover any such amount from the Successful Bidder or any other parties participating in an Auction; and (B) the Principal shall pay such amount to the extent that NFPAS has not recovered the same from the Successful Bidder or any such parties participating in an Auction.

Defaults and Disputes. To pay an amount representing the reasonable costs and expenses of NFPAS in respect of action taken by NFPAS acting reasonably under clause 7.1.5 Clause 7.1.4 unless such amount has been deducted or set off by NFPAS in accordance with such clause provided that: (Ai) NFPAS has first taken all reasonable endeavours to recover any such amount from the Successful Bidder or any other parties participating in an Auction; and (Bii) the Principal shall pay such amount to the extent that NFPAS has not recovered the same from the Successful Bidder or any such parties participating in an Auction.

Defaults and Disputes. To pay an amount representing the reasonable costs and expenses of NFPAS in respect of action taken under clause 7.1.5 Clause 7.1.4 unless such amount has been deducted or set off by NFPAS in accordance with such clause Clause provided that: (A) NFPAS has first taken all reasonable endeavours to recover any such amount from the Successful Bidder or any other parties participating in an Auction; and (B) the The Principal shall pay such amount to the extent that NFPAS has not recovered the same from the Successful Bidder or any such parties participating in an Auction.