Assurances of Performance. 59 15.1 Material Adverse Change in Financial Condition 59 15.2 Guarantees and Other Security 59 15.3 Financial Prerequisites for Facility NTPs 61 15.4 Payment and Performance Bonds 61 SECTION 16. INSURANCE 62
Assurances of Performance. If, in the judgment of Renold, the financial condition of Purchaser at any time does not justify continuation of production or shipment on the terms of payment originally specified, Renold may require full or partial payment in advance or additional security from Purchaser before shipment, accelerate the date of any payment, withhold any shipment or further shipments, cancel any unfilled orders and/or demand such other or further adequate assurance of performance from Purchaser. In the event of the bankruptcy or insolvency of Purchaser or in the event any proceeding is brought by or against Purchaser under the bankruptcy or insolvency laws, Renold shall be entitled to cancel any order then outstanding, without liability whatsoever, and shall receive reimbursement for its cancellation charges.
Assurances of Performance. Each of the Stockholders shall use its commercially reasonable efforts to cause its respective Related Persons to comply with the terms of this Agreement applicable thereto (it being understood that such Stockholder shall be responsible to the Company for any breach of such terms by any such Related Person).
Assurances of Performance. If, in the judgment of Xxxxxx Xxxxxxx, the financial condition of Purchaser at any time does not justify continuation of production or shipment on the terms of payment originally specified, Renold Xxxxxxx xxx require full or partial payment in advance or additional security from Purchaser before shipment, accelerate the date of any payment, withhold any shipment or further shipments, cancel any unfilled orders and/or demand such other or further adequate assurance of performance from Purchaser. In the event of the bankruptcy or insolvency of Purchaser or in the event any proceeding is brought by or against Purchaser under the bankruptcy or insolvency laws, Xxxxxx Xxxxxxx shall be entitled to cancel any order then outstanding, without liability whatsoever, and shall receive reimbursement for its cancellation charges.
Assurances of Performance. Each of the Investors shall use its commercially reasonable efforts to cause its respective Affiliates, Associates, officers, directors and other Investor Agents, to comply with the terms of this Agreement
Assurances of Performance. 15.1 Material Adverse Change in Financial Condition Developer, each entity having a ten percent equity interest in or beneficial ownership of Developer, and each Guarantor issuing a Guaranty at the inception of this Agreement or thereafter, shall be referred to as a "Financially Responsible Entity". In instances where a material adverse change in a Financially Responsible Entity’s financial condition in any accounting period for which the entity is required to report financial statements after submission of the Proposal has occurred, Developer shall provide from the affected Financially Responsible Entity a statement describing each material adverse change in detail, the likelihood that the developments will continue during the period of performance by Developer under this Agreement, and a projection of the full extent of the changes which are likely to be experienced and the related impact in the periods ahead.
Assurances of Performance. If, in the judgment of Eastbay, the financial condition of Customer at any time does not justify continuation of production or shipment on the terms of payment originally specified, EASTBAY may require full or partial payment in advance or additional security from Customer before shipment, accelerate the date of any payment, withhold any shipment or further shipments, cancel any unfilled orders and/or demand such other or further adequate assurance of performance from Customer. In the event of the bankruptcy or insolvency of Customer or in the event any proceeding is brought by or against Customer under the bankruptcy or insolvency laws, EASTBAY shall be entitled to cancel any order then outstanding, without liability whatsoever, and shall receive reimbursement for its cancellation charges.
Assurances of Performance. If, in the judgment of Seller, the financial condition of Purchaser at any time does not justify continuation of production or shipment on the terms of payment originally specified, Seller may require full or partial payment in advance or additional security from Purchaser before shipment, accelerate the date of any payment, withhold any shipment or further shipments, and cancel any unfilled orders. In the event of the bankruptcy or insolvency of Purchaser or in the event any proceeding is brought by or against Purchaser under the bankruptcy or insolvency laws, Seller may be entitled to cancel any order then outstanding, without liability whatsoever, and shall receive reimbursement for its cancellation charges.
Assurances of Performance. Throughout the term of this Agreement, COLLECTOR, at its expense, shall maintain for COUNTY’S benefit a performance bond or letter of credit in the face amount of $10,000 to assure performance of COLLECTOR’S obligations under this Agreement. COLLECTOR shall use a COUNTY-approved bond or letter of credit template, which the COUNTY must approve and accept as to final form. Said bond or letter of credit shall provide for arbitration of claims consistent with Section 7.6 (ARBITRATION). Throughout the term of this Agreement, an admitted surety insurer or bank authorized to do business in the State of California shall issue the bond or letter of credit. COLLECTOR shall not permit the bond or letter of credit to be canceled or modified, or to expire without providing the DIRECTOR thirty (30) days advance written notice, and without first obtaining and providing a replacement bond, notice of maturity, or replacement letter of credit satisfactory to DIRECTOR.
Assurances of Performance. Each of the Xxxxxxxx Parties shall use its commercially reasonable efforts to cause any Person it controls (as distinguished from the ability to influence) to comply with the terms of this Agreement applicable thereto (it being understood that such Xxxxxxxx Party shall be responsible to the Company for any breach of such terms by any such controlled Person).
