UNDERTAKING TO PERFORM Sample Clauses

The 'Undertaking to Perform' clause establishes a party's formal commitment to carry out specific duties or obligations as outlined in the agreement. In practice, this clause requires the obligated party to take all necessary actions to fulfill their responsibilities, such as delivering goods, providing services, or meeting project milestones according to the contract's terms. Its core function is to ensure that each party is legally bound to perform their agreed-upon tasks, thereby promoting accountability and reducing the risk of non-performance.
UNDERTAKING TO PERFORM. 3.1 Undertaking in respect of Secured Obligations 3.2 Undertaking in respect of Joint Venture Agreement obligations
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UNDERTAKING TO PERFORM. 3.1 Undertaking in respect of Secured Obligations
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UNDERTAKING TO PERFORM. The Chargor undertakes to the Chargee that it will perform the Secured Obligations.
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UNDERTAKING TO PERFORM. The Developer undertakes to the Surety (without limiting any other remedies of the Council or the Surety against the Developer) to perform and discharge its obligations under the Development Agreement.
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Related to UNDERTAKING TO PERFORM

  • Failure to Perform In the event of a failure of performance due under this Agreement and if it becomes necessary for either party to undertake legal action against the other on account thereof, then the prevailing party shall be entitled to reasonable attorney’s fees in addition to costs and necessary disbursements.

  • Ability to Perform The Servicer does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement;

  • Warranty of Ability to Perform Upon the effective date of the Term Contract, and each year on the anniversary date of the Term Contract, the Contractor shall submit to the Department a completed PUR 7801, Vendor Certification Form. The Contractor warrants that, to the best of its knowledge, there is no pending or threatened action, proceeding, or investigation, or any other legal or financial condition, that would in any way prohibit, restrain, or diminish the Contractor’s ability to satisfy its Term Contract obligations. Additionally, the Contractor shall promptly notify the Department in writing if its ability to perform is compromised in any manner during the term of the Term Contract (including potential inability to renew the Term Contract due to section 287.138 or 908.111, F.S.) or if it or its suppliers, subcontractors, or consultants under the Term Contract are placed on the Suspended Vendor, Convicted Vendor, Discriminatory Vendor, Forced Labor Vendor, or Antitrust Violator Vendor Lists. The Contractor shall use commercially reasonable efforts to avoid or minimize any delays in performance and shall inform the Department of the steps the Contractor is taking or will take to do so, and the projected actual completion (or delivery) time. If the Contractor believes a delay in performance by the Department has caused or will cause the Contractor to be unable to perform its obligations on time, the Contractor shall promptly so notify the Department and use commercially reasonable efforts to perform its obligations on time notwithstanding the Department’s delay.