Substantially in Accord Clause Samples

The 'Substantially in Accord' clause defines the standard by which a party's performance or compliance with contractual obligations is measured, allowing for minor deviations as long as the essential requirements are met. In practice, this means that if a party fulfills the main intent or purpose of a contract term, small or insignificant differences from the exact specifications will not be considered a breach. This clause is particularly useful in complex projects where perfect conformity is impractical, ensuring that minor errors or variations do not result in disproportionate penalties or disputes, thereby promoting fairness and flexibility in contract enforcement.
Substantially in Accord. The Siting Agreement states, inter alia, that, pursuant to Virginia Code § 15.2-2316.9(C), by entering into the Siting Agreement, the County acknowledged that the Project is deemed to be substantially in accord with the County Comprehensive Plan under Virginia Code § 15.2-2232.

Related to Substantially in Accord

  • Payment of Deferred Underwriting Commission on Business Combination Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters, in accordance with Section 1.3.

  • No Contemplation of a Business Combination The Company has not identified any Business Combination target (each a “Target Business”) and it has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any Business Combination target.