Obligation of Notification Clause Samples

The Obligation of Notification clause requires one party to promptly inform the other party of specific events, changes, or circumstances relevant to the agreement. Typically, this clause outlines what types of events must be reported—such as breaches, delays, or material changes—and may specify the method and timeframe for providing notice, such as written notification within a set number of days. Its core practical function is to ensure transparency and timely communication between parties, thereby allowing for appropriate responses and minimizing potential disputes or misunderstandings.
POPULAR SAMPLE Copied 9 times
Obligation of Notification. If the CMO discovers any Latent Defect in any of the AB-106 Products delivered to the Client, or the CMO has reasonable grounds to believe that such delivered AB-106 Products have any quality, safety or efficacy problem, the CMO shall promptly (but in no event later than [***]) notify the Client of such discovery and negotiate with the Client to address such issue.
View SourceView Similar (2)
Obligation of Notification. In the event that one of the parties believes that a breach of contact exists, written notification of this shall be sent to the other party with immediate effect.
View Source
Obligation of Notification. 12.1. In the event that the customer sells or makes a gift of the software, the customer is obligated to notify Tobit Software in writing of the name and the complete address of the new licensee.
View Source
Obligation of Notification. If an event that can cause a serious problem in business execution shall occur, "B" must immediately notify "A" of it without any hesitation.
View Source
Obligation of Notification. Liability on the part of ShareCRF for an attributable breach of the Agreement only arises if the Client gives ShareCRF adequate notice of the breach in writing and without delay, while providing ShareCRF with a reasonable time to remedy the breach, and ShareCRF remains in failure to fulfill its obligations after that period.
View Source
Obligation of Notification. Both parties shall notify the following matters to the other party: 1) Change of the company’s name 2) Change of the bank account 3) Change of the representative 4) Change of the company’s address
View Source
Obligation of Notification 
View Source

Related to Obligation of Notification

  • Notification of Non-payment The Global Agent shall forthwith notify Freddie Mac by facsimile, e-mail or other rapid means of communication if it has not received the full amount for any payment due in respect of the Notes on the date such payment is due. The Global Agent shall have no liability, responsibility, duty or obligation to any Holder or beneficial owner of Notes to take any action against Issuer in the event that Issuer fails to make available funds sufficient to pay amounts due and payable and owing to any Holder on any Payment Date. The Global Agent shall give issuance instructions to DTC in accordance with DTC’s procedures.

  • Confirmation of no default The Borrower will, within 2 Business Days after service by the Lender of a written request, serve on the Lender a notice which is signed by 2 directors of the Borrower and which: (a) states that no Event of Default or Potential Event of Default has occurred; or (b) states that no Event of Default or Potential Event of Default has occurred, except for a specified event or matter, of which all material details are given.

  • Effect of Notice Any notice given by the indemnifying Party to an Indemnified Party referred to in Sections 12.1(c) or 12.2(d) above of participation in or control of any action by the indemnifying Party will in no event be deemed to be an admission by the indemnifying Party of liability, culpability or responsibility, and the indemnifying Party will remain free to contest liability with respect to the claim among the Parties or otherwise.

  • Annual Notification of Rights If the LEA has a policy of disclosing Education Records and/or Student Data under FERPA (34 CFR § 99.31(a)(1)), LEA shall include a specification of criteria for determining who constitutes a school official and what constitutes a legitimate educational interest in its annual notification of rights.

  • Waiver of Notice Borrower shall not be entitled to any notices of any nature whatsoever from Lender except with respect to matters for which this Agreement or the other Loan Documents specifically and expressly provide for the giving of notice by Lender to Borrower and except with respect to matters for which Borrower is not, pursuant to applicable Legal Requirements, permitted to waive the giving of notice. Borrower hereby expressly waives the right to receive any notice from Lender with respect to any matter for which this Agreement or the other Loan Documents do not specifically and expressly provide for the giving of notice by Lender to Borrower.