Immediate Concern Sample Clauses
The Immediate Concern clause establishes a mechanism for parties to address urgent issues that arise during the course of an agreement. Typically, this clause allows either party to notify the other promptly if a situation emerges that could significantly impact the contract's performance or the parties' interests, such as a breach, safety hazard, or regulatory issue. By providing a formal process for raising and responding to pressing matters, the clause ensures that critical problems are dealt with swiftly, minimizing potential harm and facilitating timely resolution.
Immediate Concern. Notwithstanding the foregoing, Hydro is currently reviewing the development potential and associated options along the waterway between the Kelsey Generating Station and the Kettle Generating Station. Initial studies indicate that full development cannot be accomplished without an upward adjustment of the Setback Lines and the static inundation level of 169.47 m (556.0 ft.) ASL Local Datum permitted by the Easements. As a consequence, Hydro and Split Lake Cree agree, after the Date of this Agreement, to commence the environmental review and the negotiation contemplated in the Resolution Process to Amend Easements set forth in subsection 2.8.3 of this Article, at the earliest possible date.