Common use of Material Obligations Clause in Contracts

Material Obligations. A Party fails to perform a material obligation under this Agreement (but other than an obligation referred to in Clause 11.1.3) and that failure is not remedied within 5 Business Days of the Non-Defaulting Party giving the Party notice of that failure;

Appears in 4 contracts

Sources: Master Contract for Differences Agreement, Master Contract for Differences Agreement, Master Contract for Differences Agreement

Material Obligations. A The Party fails to perform a material obligation under this Agreement (but other than an obligation referred to in Clause 11.1.3Clauses 11.1(a) (Non-payment) and 11.1(b) (Representation or Warranty)) and that failure is not remedied within 5 five (5) Business Days of the Non-Defaulting Party giving the Defaulting Party notice of that failure;.

Appears in 3 contracts

Sources: Standard Master Trading Agreement, Standard Master Trading Agreement, Standard Master Trading Agreement

Material Obligations. A Party fails to perform a material obligation under this Agreement (but other than an obligation referred to in Clause 11.1.310.1.3) and that failure is not remedied within 5 Business Days of the Non-Non- Defaulting Party giving the Party notice of that failure;.

Appears in 1 contract

Sources: Master Contract for Differences Agreement