Common use of Responsibility of Parties Clause in Contracts

Responsibility of Parties. Party, breached its obligation under present Agreement, is obliged immediately inform about such fact Current Agreement can be terminated by a mutual written decision of all Parties of the current Agreement each to each other Party and make all depending on it to eliminate all breaches. Parties carry sole responsibility for their obligations to third persons if other is not stipulated in additional agreements about responsibility to third persons.

Appears in 1 contract

Sources: Financing Agreement

Responsibility of Parties. Party, breached its obligation under present this Agreement, is obliged immediately inform about such fact Current Agreement can be terminated by a mutual written decision of all Parties of the current Agreement each to each other Party and make all depending on it to eliminate all breaches. Parties carry sole responsibility for their obligations to third persons persons, if other is not stipulated here to and in additional agreements about responsibility the Addendums to third personsthis Agreement.

Appears in 1 contract

Sources: Partnership Agreement

Responsibility of Parties. PartyAny PARTY, breached breaching its obligation under present Agreementthis AGREEMENT, is obliged immediately to inform about such fact Current Agreement can be terminated by a mutual written decision of all Parties of the current Agreement each to each other Party PARTY and make all depending on it remedies to eliminate all such breaches. Parties The PARTIES carry sole responsibility for their obligations to third persons or parties, if other is not stipulated hereto and in additional agreements about responsibility the Addendums to third persons.this AGREEMENT. Creditnet Finance

Appears in 1 contract

Sources: Project Investment Agreement

Responsibility of Parties. 6.1. Party, breached its obligation under present Agreement, is obliged immediately inform about such fact Current Agreement can be terminated by a mutual written decision of all Parties of the current Agreement each to each other Party and make all depending on it right to eliminate all breaches. Parties carry sole responsibility for their obligations to third persons if other is not stipulated in additional agreements about responsibility to third personsbreaches specific performance.

Appears in 1 contract

Sources: DTC Investment Agreement