Demand for Performance Sample Clauses

The Demand for Performance clause establishes a party's right to formally request that the other party fulfill their contractual obligations. In practice, this clause allows one party to issue a written notice or demand if the other party has failed to perform as agreed, such as delivering goods or completing services by a specified deadline. Its core function is to provide a clear mechanism for addressing non-performance, ensuring that issues are formally raised and giving the non-performing party an opportunity to remedy the situation before further legal action is taken.
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Demand for Performance. Any demand for performance by the Guarantor of its obligations hereunder may be made by Lender on one or more occasions.
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Demand for Performance any demand for performance, notice of dishonour, notice of protest, presentment, protest or acceptance relating to any of the Borrower’s Obligations and Liabilities or the Obligations and Liabilities of the Guarantor or any other Person who is or may become liable in respect of any of the Borrower’s Obligations and Liabilities;
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Demand for Performance. Upon (a) the nonpayment by any Owner or the Operations Manager of any amount payable by it hereunder when due or (b) except as excused by Force Majeure, the failure by any Owner or the Operations Manager to fulfill any covenant or perform any of its other material obligations hereunder in accordance with the terms of this Agreement, any Owner may make written demand upon such Owner or the Operations Manager for the payment of such amount, fulfillment of such covenant or performance of such obligation, as applicable.
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Demand for Performance observance of and enforcement of any provisions, or any pursuit or exhaustion of any rights or remedies against the Borrower, or any other Guarantor or obligor who becomes liable in any manner for any of the obligations, and any requirements of diligence or promptness on the part of the Lender or any assignee of Lender in connection therewith;
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Demand for Performance. The Corporation shall perform its obligations under this Agreement upon receipt of written demand for such performance from the Indemnitee, and, if the Corporation fails to perform its obligations under this Agreement upon demand, the Indemnitee may then at any time bring legal action against the Corporation to obtain full and complete performance of its obligations under this Agreement. In any action brought to enforce this Agreement, upon a showing by the Indemnitee that a claim has been asserted against him or her with respect to or in connection with any alleged act or omission by him or her as a director and/or officer of the Corporation, or any alleged neglect or breach of duty by him or her as a director and/or officer of the Corporation or otherwise in his or her capacity as a director and/or officer of the Corporation, there shall be a presumption that the Indemnitee is entitled to indemnification and advancement of Expenses from the Corporation.
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Related to Demand for Performance

  • Time for Performance The term of this SOW Agreement shall begin on and end on _ (the “Initial Term”). The Initial Term may be extended as the parties may agree. The State may terminate this SOW for convenience upon thirty days prior written notice to the Contractor. If the Master Agreement should expire or otherwise terminate prior to the end of the term of this SOW Agreement, this SOW Agreement shall continue to the end of its existing term, unless or until terminated in accordance with the terms of this SOW Agreement, and the Parties acknowledge and agree that the terms of the Master Agreement shall survive and apply to this SOW Agreement.

  • Consideration for Performance The consideration to be paid to the Contractor under this Agreement will be compensation for all the Contractor’s expenses incurred in the performance of this Agreement, unless otherwise expressly provided.

  • Security for Performance In the event that Exhibit A Section 4 indicates the need for Consultant to provide additional security for performance of its duties under this Agreement, Consultant shall provide such additional security prior to commencement of its Required Services in the form and on the terms prescribed on Exhibit A, or as otherwise prescribed by the City Attorney.

  • TIMELY PERFORMANCE (a) SELLER's timely performance is a critical element of this Contract. (b) SELLER shall provide LOCKHEED ▇▇▇▇▇▇ status of performance of this Contract when requested. In addition, if SELLER becomes aware of an impending labor dispute involving SELLER or any lower tier subcontractor, or any other difficulty in performing the Work, SELLER shall timely notify LOCKHEED ▇▇▇▇▇▇, in writing, giving pertinent details. These notifications shall not change any delivery schedule.

  • School Performance The School shall achieve an accountability designation of Good Standing or Honor on each of the three sections of the Performance Framework. In the event the School is a party to a third party management contract which includes a deficit protection clause, the School shall be exempt from some or all measures within the financial portion of the Performance Framework. In accordance with Charter School Law, the Authorizer shall renew any charter in which the public charter school met all of the terms of its performance certificate at the time of renewal.