Common use of Expected breach Clause in Contracts

Expected breach. If, after the signing of this Contract, it appears, based on the behaviour of the Customer, a serious decline in the Customer's credit worthiness or in the Customer's ability to fulfil the contract, that the Customer will not be able to fulfil a significant portion of its obligations, the Supplier can cancel their fulfilment of the contract and hold their contribution back. If the expected breach of contract is material, the right to cancel the Contract can be invoked prior to the time of fulfilment. 12 THE CUSTOMER’S REMEDIES FOR BREACH OF CONTRACT

Appears in 1 contract

Samples: www.mercell.com

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Expected breach. If, after the signing of this Contract, it appears, based on the behaviour behavior of the CustomerSupplier, or a serious decline in the Customer's Supplier’s credit worthiness or in the Customer's Supplier’s ability to fulfil the contract, that the Customer Supplier will not be able to fulfil a significant portion of its obligations, the Supplier Customer can cancel their fulfilment of the contract and hold their contribution backwithhold further payment. If the expected breach of contract is material, the right to cancel the Contract can be invoked prior to the time of fulfilment. 12 THE CUSTOMER’S REMEDIES FOR BREACH OF CONTRACT.

Appears in 1 contract

Samples: www.mercell.com

Expected breach. If, after the signing of this Contract, it appears, based on the behaviour of the Customer, a serious decline in the Customer's credit worthiness or in the Customer's ability to fulfil the contract, that the Customer will not be able to fulfil a significant portion of its obligations, the Supplier can cancel their fulfilment of the contract and hold their contribution back. If the expected breach of contract is material, the right to cancel the Contract can be invoked prior to the time of fulfilment. 12 14 THE CUSTOMER’S REMEDIES FOR BREACH OF CONTRACT

Appears in 1 contract

Samples: www.mercell.com

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Expected breach. If, after the signing of this Contract, it appears, based on the behaviour of the CustomerSupplier, or a serious decline in the Customer's Supplier’s credit worthiness or in the Customer's Supplier’s ability to fulfil the contract, that the Customer Supplier will not be able to fulfil a significant portion of its obligations, the Supplier Customer can cancel their fulfilment of the contract and hold their contribution backwithhold further payment. If the expected breach of contract is material, the right to cancel the Contract can be invoked prior to the time of fulfilment. 12 THE CUSTOMER’S REMEDIES FOR BREACH OF CONTRACT.

Appears in 1 contract

Samples: www.mercell.com

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