IMMEDIATE RESPONSE REQUIRED Sample Clauses
The 'IMMEDIATE RESPONSE REQUIRED' clause obligates the recipient to provide a prompt reply or action upon receiving a specific communication or notice. In practice, this clause typically applies to situations where time-sensitive information or decisions are critical, such as emergency notifications, urgent contract amendments, or compliance requests. Its core function is to ensure that important matters are addressed without delay, thereby minimizing risks associated with inaction or late responses.
IMMEDIATE RESPONSE REQUIRED. FAILURE TO RESPOND TO THIS REQUEST FOR APPROVAL WITHIN TEN (10) DAYS AFTER LENDER’S RECEIPT SHALL CONSTITUTE DEEMED APPROVAL BY LENDER” prominently displayed in bold, all caps and fourteen (14) point or larger font and such request for approval is accompanied by the applicable proposed Annual Budget and such other documents and information as Borrower believes in good faith are reasonably required for Lender to adequately evaluate such request and (2) Lender fails to approve or object to the proposed Annual Budget, or request additional documents and information reasonably required for Lender to adequately evaluate such request, within ten (10) days after Lender’s receipt of the second request for approval.
IMMEDIATE RESPONSE REQUIRED. Upon discovery of a privacy or security incident, Contractor shall:
(1) Mitigate harmful effects: To the extent practicable, immediately mitigate any harmful effect of the incident. Mitigation activities should continue until the risk has been contained or eliminated.