Demand for Performance Sample Clauses
The Demand for Performance clause establishes a party's right to formally request that the other party fulfill their contractual obligations. In practice, this clause allows one party to issue a written notice or demand if the other party has failed to perform as agreed, such as delivering goods or completing services by a specified deadline. Its core function is to provide a clear mechanism for addressing non-performance, ensuring that issues are formally raised and giving the non-performing party an opportunity to remedy the situation before further legal action is taken.
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Demand for Performance. Any demand for performance by the Guarantor of its obligations hereunder may be made by Lender on one or more occasions.
Demand for Performance any demand for performance, notice of dishonour, notice of protest, presentment, protest or acceptance relating to any of the Borrower’s Obligations and Liabilities or the Obligations and Liabilities of the Guarantor or any other Person who is or may become liable in respect of any of the Borrower’s Obligations and Liabilities;
Demand for Performance. Upon (a) the nonpayment by any Owner or the Operations Manager of any amount payable by it hereunder when due or (b) except as excused by Force Majeure, the failure by any Owner or the Operations Manager to fulfill any covenant or perform any of its other material obligations hereunder in accordance with the terms of this Agreement, any Owner may make written demand upon such Owner or the Operations Manager for the payment of such amount, fulfillment of such covenant or performance of such obligation, as applicable.
Demand for Performance observance of and enforcement of any provisions, or any pursuit or exhaustion of any rights or remedies against the Borrower, or any other Guarantor or obligor who becomes liable in any manner for any of the obligations, and any requirements of diligence or promptness on the part of the Lender or any assignee of Lender in connection therewith;
Demand for Performance. The Corporation shall perform its obligations under this Agreement upon receipt of written demand for such performance from the Indemnitee, and, if the Corporation fails to perform its obligations under this Agreement upon demand, the Indemnitee may then at any time bring legal action against the Corporation to obtain full and complete performance of its obligations under this Agreement. In any action brought to enforce this Agreement, upon a showing by the Indemnitee that a claim has been asserted against him or her with respect to or in connection with any alleged act or omission by him or her as a director and/or officer of the Corporation, or any alleged neglect or breach of duty by him or her as a director and/or officer of the Corporation or otherwise in his or her capacity as a director and/or officer of the Corporation, there shall be a presumption that the Indemnitee is entitled to indemnification and advancement of Expenses from the Corporation.