Failure to Accept Certificates Sample Clauses

The 'Failure to Accept Certificates' clause defines the consequences and procedures if a party does not accept required certificates, such as certificates of insurance or completion, as stipulated in the contract. Typically, this clause outlines the timeframe for review, the process for raising objections, and the remedies or actions available if acceptance is unreasonably withheld or delayed. Its core function is to ensure that necessary documentation is acknowledged in a timely manner, thereby preventing project delays or disputes over compliance with contractual requirements.
Failure to Accept Certificates. To the extent that the Buyer fails to accept a quantity of Certificates in accordance with § 10 (Primary Obligations for Delivery and Acceptance of Certificates) during a Delivery Period, and such failure is not remedied within three (3) Business Days and is not excused by an event of Force Majeure or the Seller's non-performance, the Buyer shall pay the Seller as compensation for damages an amount for such quantity of non-accepted Certificates equal to the product of: (a) the amount, if positive, by which the Certificate Contract Price exceeds the price at which the Seller, acting in a commercially reasonable manner, is or would be able to sell or otherwise dispose of in the market the quantity of non-accepted Certificates; and (b) the quantity of non-accepted Certificates, and such amount shall be increased by the Seller's costs of a broker, but no other costs and expenses incurred by the Seller as a result of the Buyer's failure.
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Failure to Accept Certificates. To the extent that the Buyer fails to accept a quantity of Certificates in accordance with § 10 (Primary Obligations for Delivery and Acceptance of Certificates) during a Delivery Period, and such failure is not remedied within three (3) Business Days and is not excused by an event of Force Majeure or the Seller's non-performance, the Buyer shall pay the Seller as compensation for damages an amount for such quantity of non-accepted Certificates equal to the product of: (a) the amount, if positive, by which the Certificate Contract Price exceeds the price at which the Seller, acting in a commercially reasonable manner, is or would be able to sell or otherwise dispose of in the market the quantity of non- accepted Certificates; and lub podobnej dacie rozruchu co Instalacja.
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Related to Failure to Accept Certificates

  • Failure to Deliver Certificates If, in the case of any Notice of Conversion, such certificate or certificates are not delivered to or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to the Company at any time on or before its receipt of such certificate or certificates, to rescind such Conversion, in which event the Company shall promptly return to the Holder any original Note delivered to the Company and the Holder shall promptly return to the Company the Common Stock certificates issued to such Holder pursuant to the rescinded Conversion Notice.