Default by us Sample Clauses
The 'Default by us' clause outlines the consequences and procedures that apply if the party providing goods or services (the supplier) fails to meet its contractual obligations. Typically, this clause specifies what constitutes a default, such as late delivery, non-performance, or failure to meet quality standards, and details the steps the other party may take, such as providing notice, allowing a cure period, or seeking remedies like termination or damages. Its core practical function is to protect the non-defaulting party by clearly defining their rights and recourse in the event the supplier does not fulfill their part of the agreement.
Default by us. This clause 13 applies if any of us commits a default that amounts to a Material Default (Defaulting Participant).
Default by us. The nonperformance of any material obligation by us will be deemed a default if we fail to cure the same within thirty (30) calendar days after receiving written notice of such nonperformance. If a default has occurred and we have not cured the default within the thirty (30) calendar days, you may terminate this Agreement. Our liability to you in the event of default by us pursuant to this Agreement shall not exceed the Contract Price as defined below. We shall not be liable to you or any other person for compensation, reimbursements, or charges on account of loss or on account of expenditures, investments, or commitments in connection with your business or otherwise. For purposes of this subsection only the Contract Price is defined as the annual license fees plus the site set-up and configuration fees as provided for herein, but only to the extent any portion of the Contract Price represents payment for future access to the Licensed Software or payment for unused site set-up and configuration fees.
Default by us. An event of default by us, will take place if:
a. If we fail to meet one of our material obligations and the failure continues for 2 weeks after notification by you in writing to us of the failure;
b. If the Goods are repossessed by the owner of the Goods or one of our creditors, or any person having an interest in the Goods as a result of our actions.
c. If we fail to rectify any fault with one or more items of furniture within 1 week of the second notification to in writing.