Failure to Obtain Sample Clauses
The "Failure to Obtain" clause defines the consequences and procedures that apply if a party does not secure a required approval, permit, or consent necessary for fulfilling contractual obligations. Typically, this clause outlines what happens if such permissions are not granted by a specified deadline, such as allowing for extensions, alternative arrangements, or even termination of the agreement. Its core function is to allocate risk and provide clarity on the steps to be taken if essential third-party approvals are not obtained, thereby preventing disputes and ensuring both parties understand their rights and responsibilities in such situations.
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Failure to Obtain. Failure of Landlord to demand such certificate or other evidence of full compliance with these insurance requirements or failure of Landlord to identify a deficiency from evidence that is provided shall not be construed as a waiver of Tenant’s obligation to maintain such insurance.
Failure to Obtain. Failure of SJRA to demand such certificate or other evidence of full compliance with these insurance requirements or failure of SJRA to identify a deficiency from evidence that is provided shall not be construed as a waiver of Contractor’s obligation to maintain such insurance.
Failure to Obtain. Failure of BNPPLC to demand certificate or other evidence of full compliance with these insurance requirements, or failure of BNPPLC to identify a deficiency from evidence that is provided, will not be construed as a waiver of NAI’s obligation to maintain required insurance.
Failure to Obtain. In the event the Contractor fails to obtain or maintain any insurance coverage required under this Agreement, the same shall constitute a Default of this Agreement and, in addition to any other remedy of Tervita, Tervita may purchase such coverage and charge the expense thereof to the Contractor, or may terminate this Agreement.
Failure to Obtain. Should Subcontractor fail to comply with the Insurance Requirements, or should Subcontractor fail to timely renew the insurance coverage required under the Insurance Requirements, Builder shall have the right, at Builder’s election, without obligation, (1) to obtain such coverage on Subcontractor’s behalf, at Subcontractor’s expense, from any insurance carrier selected by Builder in Builder’s sole discretion; or (2) to terminate this Agreement as provided in Paragraph 13, below. Builder shall have the right to offset the costs of premiums for such insurance against any sums payable to Subcontractor under this Agreement.
Failure to Obtain. If Tenant fails to secure or maintain any insurance coverage required hereunder or should the insurance secured fail to be approved by Landlord, acting reasonably, and such failure or approval not be corrected within forty-eight (48) hours after written notice from Landlord, Landlord may, at its sole discretion, purchase such insurance coverage required at Tenant’s reasonable expense. Tenant shall reimburse Landlord on demand for any reasonable monies expended to secure such coverage plus interest at the rate of 6% per year from the date of the expenditure.
Failure to Obtain. Upon failure of RAC to provide and maintain the insurance required herein after a ten (10) day prior written notice to comply from State, State may, but shall not be required to, procure such insurance at RAC’s sole cost and expense and RAC agrees to immediately reimburse State for any and all costs thereof plus fifteen percent (15%) for administrative overhead. Any lapse in, or failure by RAC to procure, maintain, and keep in full force and effect, such insurance coverage as is required under this Agreement, at any time during and throughout the term of this Agreement, shall be a violation of this Agreement and shall give State the right to assess additional rent and charges and/or terminate this Agreement pursuant to Article V (RAC Payments) and Article XIII (Termination or Transfer By State), respectively, hereof.
Failure to Obtain. Failure of Lessor to demand such certificate or other evidence of full compliance with these insurance requirements or failure of Lessor to identify a deficiency from evidence that is provided shall not be construed as a waiver of Lessee’s obligation to maintain such insurance.
Failure to Obtain. In the event that the spouse of a Member fails to execute and deliver a Spousal Consent and Agreement within 5 days after the date such Spousal Consent and Agreement is required to be so executed and delivered under 14.8.1, the Manager may take all actions it deems necessary and appropriate to protect the interests of the Company, including, without limitation, causing the withdrawal of such Member; and, notwithstanding any other provision of this Agreement (including the Economic Exhibits), such former Member’s interest in the Company shall be extinguished in its entirety.
Failure to Obtain. Failure of Landowner to demand such certificate or other evidence of full compliance with these insurance requirements or failure of Landowner to identify a deficiency from evidence that is provided shall not be construed as a waiver of Lessee’s obligation to maintain such insurance.