Common use of Reporting Violations and Reimbursement Clause in Contracts

Reporting Violations and Reimbursement. Each Party shall immediately notify the other Parties of any violation of Section 15.1(A). In addition to other remedies to which a non-breaching Party may be legally entitled and notwithstanding termination of this Agreement pursuant to Section 15.1(C), any non-breaching Party, at its sole discretion, may require a breaching Party to pay, in appropriate proportions, an amount equal to the value of the gift paid or given in that violation or event.

Appears in 2 contracts

Sources: Share Sale Agreement, Share Sale Agreement (Newmarket Corp)