Relief from Contract Obligations Sample Clauses

The 'Relief from Contract Obligations' clause defines the circumstances under which a party may be excused from performing some or all of its contractual duties. Typically, this clause applies in situations where unforeseen events—such as natural disasters, government actions, or other force majeure events—make it impossible or impractical for a party to fulfill its obligations. By specifying these exceptions, the clause protects parties from liability when performance is prevented by factors beyond their control, thereby allocating risk and ensuring fairness in the face of extraordinary events.
Relief from Contract Obligations. A. Authority for relief from any contract obligations, as outlined in the Contract Addendum, is held solely and exclusively by Housing and Residence Education. B. Relief from contract obligations is not given after the beginning date of the term of contract other than as outlined in the Contract Addendum. The university assumes that the person signing this contract has reviewed their financial resources and medical, religious, dietary, and other needs prior to signing this contract. C. The resident who moves out of university housing during the term of contract without relief from contract obligations and remains enrolled will continue to be liable for Housing and Residence Education fees that accrue against their account, whether or not the resident uses the services.
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Relief from Contract Obligations. A. Authority for relief from any contract obligations, as outlined in Sections 11, 12,13, and 14, is held solely and exclusively by University Housing and Dining Services. B. Relief from contract obligations is not given after the beginning date of the term of contract other than as outlined in Sections 11, 12, 13 and 14. C. The resident who moves out of university residences during the term of the contract without relief pursuant to Sections 11, 12, 13, or 14 and remains enrolled as a student continues to be liable for payment of University Housing and Dining Services fees. These fees will accrue against his or her account, whether or not the student uses the services.
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Relief from Contract Obligations. A. Authority for relief from any contract obligations, as outlined in the Contract Addendum, is held solely and exclusively by University Housing. B. Relief from contract obligations is not given after the beginning date of the term of contract other than as outlined in the Contract Addendum. The university assumes that the person signing this contract has reviewed their financial resources and medical, religious, dietary, and other needs prior to signing this contract. C. The resident who moves out of university housing during the term of contract without relief from contract obligations and remains enrolled will continue to be liable for University Housing fees that accrue against their account, whether or not the resident uses the services.
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Related to Relief from Contract Obligations

  • Surety Obligations No Borrower or Subsidiary is obligated as surety or indemnitor under any bond or other contract that assures payment or performance of any obligation of any Person, except as permitted hereunder.

  • Direct Obligation Neither Agent nor any other Secured Party shall be required to make any demand upon, or pursue or exhaust any right or remedy against, any Grantor, any other Credit Party or any other Person with respect to the payment of the Obligations or to pursue or exhaust any right or remedy with respect to any Collateral therefor or any direct or indirect guaranty thereof. All of the rights and remedies of Agent and any other Secured Party under any Loan Document shall be cumulative, may be exercised individually or concurrently and not exclusive of any other rights or remedies provided by any Requirement of Law. To the extent it may lawfully do so, each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against Agent or any other Secured Party, any valuation, stay, appraisement, extension, redemption or similar laws and any and all rights or defenses it may have as a surety, now or hereafter existing, arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of any Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition.

  • Litigation and Contingent Obligations There is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting the Borrower or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect or which seeks to prevent, enjoin or delay the making of any Loans. Other than any liability incident to any litigation, arbitration or proceeding which could not reasonably be expected to have a Material Adverse Effect, the Borrower has no material contingent obligations not provided for or disclosed in the financial statements referred to in Section 5.4.

  • ▇▇▇▇▇ OBLIGATIONS A ▇▇▇▇▇▇▇'s acceptance of funds directly under the Grant or indirectly through a subaward acts as acceptance of the authority of the State, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. In accordance with the legislative audit committee, DFPS can request any documentation, at any time, to be sent to DFPS to a location DFPS chooses. Examples of documentation that DFPS may request include, but are not limited to: 1. Participant files in their entirety. This includes, but is not limited to: a. Progress notes. b. Action plans. c. Registration forms. d. Surveys. e. Sign-in sheets. f. Monthly tracking forms.

  • Local Church’s Payment Obligations At Closing or otherwise prior to or on the Disaffiliation Date, Local Church shall pay to the Annual Conference, in a manner specified by Annual Conference, the following: (a) Local Church shall have the right to retain its Real Property and Personal Property, tangible and intangible property without charge. Any costs relating to Local Church’s retention of its property will be borne by Local Church. (b) Any unpaid apportionments for the twelve (12) months immediately prior to the Disaffiliation Date, as calculated by Annual Conference, totaling Seven Thousand Nine Hundred Fifty-Two and 00/100 Dollars ($7,952.00) (for clarity, any amounts paid within the twelve (12) month period set out above shall be credited to the Local Church at Closing); (c) An additional twelve (12) months of apportionments, as calculated by Annual Conference, totaling Seven Thousand Nine Hundred Fifty-Two and 00/100 Dollars ($7,952.00); (d) An amount equal to Local Church’s pro rata share, as determined by Annual Conference, of Annual Conference’s unfunded pension obligations, based on the Annual Conference’s aggregate funding obligations as determined by the General Board of Pension and Health Benefits using market factors similar to a commercial annuity provider, totaling Nineteen Thousand Eight Hundred Thirty-Seven and 00/100 Dollars ($19,837.00); (e) If any clergy currently appointed to the Local Church will remain in The United Methodist Church after the Local Church disaffiliation, an amount equal to six (6) months salary, housing (if receiving a housing allowance), and pension/health benefits for the clergy, being Zero and 00/100 Dollars ($0.00). The intent of this provision is to provide salary and benefits to the clergy from January 1, 2024 through July 1, 2024, which is a period of time in which the clergy will not have an appointment to a church. (f) Any unpaid loans (secured or unsecured) owed to the Annual Conference or other United Methodist entities such as The United Methodist Foundation of Western North Carolina (unless those loans are assigned or transferred per Section 3.2 below), and any investment portfolio needs which require modifications or assignments; (g) The aggregate amount of any and all grants awarded and paid to Local Church by Annual Conference or any affiliate or subsidiary thereof within the prior ten (10) years; and, (h) All costs of the transfer of any assets involved hereunder and transactions set out herein, as well as the legal fees of the Annual Conference incurred in connection with this Agreement.