Common use of Obligation to Correct Clause in Contracts

Obligation to Correct. In the event of any breach of this Agreement by Seller with respect to any error or defect in the provision of any Service, Seller shall, at the Company’s request, correct such error or defect or re-perform such Service, or cause the other Seller Entities to so correct or re-perform, in a timely manner at the expense of Seller. To be effective, any such request by the Company must (i) specify in reasonable detail the particular error or defect and (ii) be made no more than 30 days from the date such Service was provided. Except as otherwise set forth in this Article V, the remedy set forth in this Section 5.01 shall be the only remedy or recourse for any breach, failure, error or defect in the Services.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Anglogold Ashanti LTD), Stock Purchase Agreement (Newmont Mining Corp /De/)