Failure to Perform a Material Obligation Clause Samples

Failure to Perform a Material Obligation. Contractor shall have failed to comply with or perform any of its material obligations under this Agreement, other than due Force Majeure and either (i) Contractor shall not commence and diligently pursue acts designed to cure such failure within thirty (30) days following written notice by PRASA to Contractor to cure such failure or (ii) notwithstanding such diligent attempt to cure, such failure shall continue for a period of sixty (60) days, or such other period granted by PRASA, following such notice. Contractor's "material obligation" shall include, but not be limited to, Contractor's compliance with the Assumptions, applicable to it, in a manner that directly and materially affects PRASA's ability to perform its obligations hereunder.
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Failure to Perform a Material Obligation. The failure or refusal of the Company to perform a material obligation hereunder, such that the failure or refusal constitutes a material malfeasance of duty and such failure is not due to an Uncontrollable Circumstance;
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Related to Failure to Perform a Material Obligation

  • Failure to Perform In the event of a failure of performance due under this Agreement and if it becomes necessary for either party to undertake legal action against the other on account thereof, then the prevailing party shall be entitled to reasonable attorney’s fees in addition to costs and necessary disbursements.

  • Other Material Obligations Default in the payment when due, or in the performance or observance of, any material obligation of, or condition agreed to by, any Loan Party with respect to any material purchase or lease of goods or services where such default, singly or in the aggregate with all other such defaults, might reasonably be expected to have a Material Adverse Effect.

  • Lenders’ Failure to Perform All Advances (other than Swing Loans and Agent Advances) shall be made by the Lenders contemporaneously and in accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Advance (or other extension of credit) hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder.

  • Continue to Perform No resignation or removal of the Administrator will be effective, and the Administrator will continue to perform its obligations under this Agreement, until a successor Administrator has accepted its engagement according to Section 3.5(b).

  • Financial Obligation While this contract is in effect, the student is required to meet the financial obligations of this contract. Housing fees are charged through the Account Services Office. Students must pay their accounts per the policies of that office.