Rectification Programme definition
Examples of Rectification Programme in a sentence
In the event that the Contractor Event of Default is continuing at the date of issue of the Rectification Programme, the Contractor shall detail within the Rectification Programme the steps that it has already taken in order to remedy the Contractor Event of Default in question or the circumstances giving rise to it and the further steps (if any) and procedures that the Contractor intends to take or implement in order to prevent such a Contractor Event of Default from recurring.
If the CoT fails to rectify the CoT Event Default within the time period specified in the CoT's Default Notice or fails to implement any CoT's Rectification Programme in accordance with its terms (where applicable), then this Agreement shall terminate on the day falling thirty (30) Business Days after the date the CoT is served with the CoT’s Default Notice or on the failure to implement the CoT's Rectification Plan in accordance with its terms.
If the CoT either rectifies the CoT Event of Default within the time period specified in the CoT’s Default Notice, or implements the CoT's Rectification Programme in accordance with its terms (where applicable), the CoT’s Default Notice shall be deemed to be revoked and this Agreement shall continue.
In the event that the Contractor Event of Default is continuing at the date of issue of the Rectification Programme, the Contractor shall detail within the Rectification Programme the steps that it has already taken in order to remedy the Contractor Event of Default in question and the further steps (if any) and procedures that the Contractor intends to take or implement in order to prevent such a Contractor Event of Default from recurring.