Notice of Impairment Clause Samples

A Notice of Impairment clause requires a party to formally notify the other party if it becomes aware of any event or circumstance that could negatively affect its ability to fulfill contractual obligations. Typically, this clause outlines the process for providing such notice, including the timeframe and method of communication, and may specify what constitutes an impairment, such as financial distress or legal restrictions. Its core function is to ensure transparency and allow the non-impaired party to take appropriate action, thereby managing risk and maintaining trust in the contractual relationship.
Notice of Impairment. Each party hereto shall promptly advise the other party hereto of any event (other than one generally known to the public) that is likely to materially impair such party's ability to perform its obligations under this Agreement.
View SourceView Similar (2)
Notice of Impairment. D&K shall give APM immediate notice in the event of a major occurrence experienced by D&K that could impair its ability to perform the duties of this Agreement. This shall include but not be limited to any shutdown of any D&K distribution center.
View Source
Notice of Impairment. APM shall give D&K immediate notice in the event of a major occurrence experienced by APM that could impair APM's ability to perform the duties of this Agreement.
View Source
Notice of Impairment. No notice or process has been served on the Company which might impair the exercise of its rights under any agreement to which it is a party.
View Source
Notice of Impairment. Professional shall immediately notify IPA if at any time Professional: (A) makes a general assignment for the benefit of its creditors; (B) becomes unable to pay its debts when due; (C) files a petition in bankruptcy, whether voluntary or involuntary; and/or (D) otherwise is impaired financially and is unable to perform its duties hereunder.
View Source
Notice of Impairment. The parties agree to advise each other if they acquire a funeral home or cemetery whose proximity to a funeral home a cemetery owned by it could impair their ability to accept or receive any of the Services.
View Source

Related to Notice of Impairment

  • Notice of Impositions Lessor shall give prompt Notice to Lessee of all Impositions payable by Lessee hereunder of which Lessor at any time has knowledge, provided that Lessor’s failure to give any such Notice shall in no way diminish Lessee’s obligations hereunder to pay such Impositions, but such failure shall obviate any default hereunder for a reasonable time after Lessee receives Notice of any Imposition which it is obligated to pay during the first taxing period applicable thereto.

  • Notice of Infringement If, during the Term, either Party learns of any actual, alleged or threatened infringement by a Third Party of any Licensed Patents, such Party shall promptly notify the other Party and shall provide the other Party with available evidence of such infringement.

  • Notice of injury Upon receiving an injury for which she or he claims to be entitled to accident pay an employee must, as soon as practicable, give her or his employer notice of the injury in writing. Notice may be given by a representative of the employee.

  • NOTICE OF INJURIES In the event of any significant injury or damage to Tenant, ▇▇▇▇▇▇’s family, or ▇▇▇▇▇▇’s invitees, licensees, and/or guests, or any personal property, suffered in the leased premises or in any common area, written notice of same shall be provided by Tenant to Landlord at the address designated for delivery of notices (identical to address for payment of rent) as soon as possible but not later than five (5) days after said injury or damage. Failure to provide such notice shall constitute a breach of this Lease.

  • Notice of Immunity Employee is provided notice that an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade secret, except pursuant to court order.