Common use of Jeopardies Clause in Contracts

Jeopardies. A jeopardy occurs when it appears likely that an order due date ("ODD") will be missed. For jeopardy conditions discovered at least twenty-four (24) hours prior to the ODD, Genuity will notify ▇▇▇▇ Atlantic by providing a new ODD via E-mail prior to the original ODD. Jeopardies that occur on the ODD, the jeopardy condition will be communicated immediately by Genuity to ▇▇▇▇ Atlantic via a phone call and E-mail to the designated ▇▇▇▇ Atlantic contact. Genuity will provide real time jeopardy/reason missed notification and estimated time to resolve.

Appears in 2 contracts

Sources: Purchase, Resale and Marketing Agreement (Genuity Inc), Purchase, Resale and Marketing Agreement (Genuity Inc)