Obligation Failure Sample Clauses
The Obligation Failure clause defines the consequences and procedures that apply when a party does not fulfill its contractual duties. Typically, this clause outlines the steps the non-breaching party may take, such as providing notice of the failure, allowing a cure period, or seeking remedies like damages or termination of the agreement. Its core practical function is to establish a clear process for addressing breaches, thereby protecting the interests of both parties and ensuring accountability within the contract.
Obligation Failure. Provider fails to perform any obligation hereunder, such failure is material, such failure is not excused by the provisions of Section 17(b) (relating to Force Majeure Events), and such failure is not cured within: (A) ten (10) days if the failure involves a failure to make payment when due or maintain required insurance; or (B) sixty (60) days if the failure involves an obligation other than payment or the maintenance of insurance, after receipt of notice from Host identifying the failure.
Obligation Failure. Host fails to perform any obligation hereunder, such failure is material, such failure is not excused by the provisions of Section 17(b) (relating to Force Majeure Events), and such failure is not cured within: (A) ten (10) days if the failure involves a failure to maintain required insurance; or (B) sixty (60) days if the failure involves an obligation other than payment or the maintenance of insurance, after receipt of notice from Provider identifying the failure.
Obligation Failure. Owner fails to perform any obligation hereunder, such failure is material, such failure is not excused by the provisions of Section 6.3 (regarding Force Majeure Events), and such failure is not cured within: (A) ten (10) days if the failure involves a failure to make payment when due or maintain required insurance; or (B) thirty (30) days if the failure involves an obligation other than payment or the maintenance of insurance, after receipt of notice from Buyer identifying the failure.
Obligation Failure. Buyer fails to perform any obligation hereunder, or under the Lease, such failure is material, such failure is not excused by the provisions of Section 13(b) (relating to Force Majeure Events), such failure involves an obligation other than payment and such failure is not cured within Thirty (30) days after receipt of written notice from Seller identifying the failure.
Obligation Failure. [COMPANY 1] fails to perform any obligation hereunder, such failure is material, such failure is not excused by the provisions of [SECTION 17(17.02)] (relating to Force Majeure Events), and such failure is not cured within: (A) [NUMBER OF DAYS 30] if the failure involves a failure to maintain required insurance; or (B) [NUMBER OF DAYS 31] if the failure involves an obligation other than payment or the maintenance of insurance, after receipt of notice from [PROVIDER COMPANY] identifying the failure.
Obligation Failure. The Host fails to perform any other obligation hereunder, such failure is material, such failure is not excused by the provisions of Section 18(a) (relating to Force Majeure Events), and such failure is not cured within thirty (30) days after receipt of notice from the Contractor identifying the failure; provided, however, that if such failure is not capable of being cured within thirty (30) days after receipt of notice from the Contractor identifying the failure, such failure shall only constitute a Host Event of Default if Host is not diligently seeking to cure such failure; provided, however, that unless the Parties otherwise agree in writing, notwithstanding the Host’s good faith obligation to diligently pursue a cure, in no event shall the failure to cure extend beyond one hundred twenty [(120)] days.
Obligation Failure. The Contractor fails to perform any obligation hereunder, such failure is material, such failure is not excused by the provisions of Section 18(a) (relating to Force Majeure Events), and such failure is not cured within:
(A) five (5) days if the failure involves a failure to maintain required insurance; or (B) thirty (30) days if the failure involves an obligation other than the maintenance of insurance not otherwise addressed herein, after receipt of notice from the Host identifying the failure.