IN THE EVENT OF Clause Examples
The "IN THE EVENT OF" clause serves to specify what actions or consequences will occur if a particular event or condition arises during the term of an agreement. Typically, this clause outlines the parties' rights, obligations, or procedures that are triggered by defined circumstances, such as a breach of contract, insolvency, or force majeure. By clearly establishing what happens when certain events occur, this clause helps ensure predictability and manage risk by providing a predetermined response to specific situations.
POPULAR SAMPLE Copied 12 times
IN THE EVENT OF any taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend or other distribution, or any right to subscribe for, purchase or otherwise acquire any shares of stock of any class or any other securities or property, or to receive any other right, or
IN THE EVENT OF. (i) amodification initiated by the Supplier as set forth under Article 4.10.3, the Supplier shall bear all associated costs incurred by the Parties and in particular all costs associated with necessary validation, qualification and type tests processes.
(ii) a modification of localization or manufacturing process initiated by the Purchaser, the price of the Goods and/or Services may be adjusted on rates and prices specified in the Contract in order to take into account the change concerning the localization and/or manufacturing process. Should these rates and prices not be applicable, such other rates and prices shall apply as may be fair and reasonable.
IN THE EVENT OF. FAILURE TO OBTAIN A BACHELOR DEGREE, FEDERAL CERTIFICATE OR AN EQUIVALANCE
IN THE EVENT OF a disruption or threatened disruption of the regular mail service, a notice is deemed to have been given only if personally delivered or delivered by facsimile.
IN THE EVENT OF i) Any total stoppage of work on notice from the engineer-in-charge under sub clause (1) in that behalf.
ii) Withdrawal by the contractor from the contractual obligation to complete the remaining unexecuted work under sub clause (2) on account of continued suspension of work for a period exceeding 90 days.
iii) Curtailment in the quantity of item or items originally tendered on account of any alteration omission or substitutions in the specifications, drawings and designs or instructions under Clause 14 (1) where such curtailment exceeds 25% in quantity and the value of the quantity curtailed beyond 25% at the rate for the items specified in the tender is more than Rs. 5,000/-. It shall be open to the contractor within 90 days from the service of (i) the notice of stoppage of work or (ii) the notice of the withdrawal from the contractual obligations under the contract on account of the continued suspension of work or (iii) notice under Clause 14 (1) resulting in such curtailment, to produce the engineer-in-charge satisfactory documentary evidence that he had purchased or agreed to purchase material for use in the contracted work, before receipt by him of the notice of stoppage, suspension, or curtailment and require the government to take over on payment of such material at the rates determined by the engineer-in-charge provided however, such rates shall in no case exceed the rates at which the same were acquired by the contractor. The government shall thereafter take over the material so offered, provided the quantities offered are not in excess of the requirement of the unexecuted works as specified in the accepted tender and are of quality and specification approved by the Engineer. [PW& H Dept. circular memorandum No. CAT 126859382 QI dated 22/2/78.] The contractor shall not be entitled to claim any compensation from Government for the loss suffered by him on account of delay by Government in the supply materials entered in Schedule "A" where such delay is caused by
i) Difficulties relating to supply of railway wagons.
ii) Force ▇▇▇▇▇▇ iii) Act of God
iv) Act of enemies of the state or any other reasonable cause beyond the control of Government. In the case of such delay in the supply of materials Government shall grant such extension of time for the completion of the works as shall appear to the Executive Engineer to be reasonable in accordance with the circumstances of the case. The decision of the Executive Engineer as to extension of time shall be ...
IN THE EVENT OF. ANY ACCIDENT RESULTING IN PROPERTY DAMAGE OR BODILY INJURY ARISING FROM USE OF THE EQUIPMENT WHILE IT IS IN RENTER’S POSSESSION, RENTER HEREBY EXPRESSLY AGREES TO ASSUME RESPONSIBILITY FOR HIMSELF, HIS OWN EMPLOYEES, AGENTS AND ASSIGNS NEGLIGLENCE AND AGREES TO INDEMNIFY, DEFEND AND HOLD RENTAL CENTER HARMLESS FROM ANY CLAIM OR ACTION ARISING THER EFROM, INCLUDING ANY COSTS AND ATTORNEYS FEES INCURRED IN CONNECTION THER EWITH. ▇▇▇▇▇▇ AGREES TO NOTIFY RENTAL CENTER IMMEDIATELY IN CASE OF ANY ACCIDENT AND TO OBTAIN THE NAMES, ADDRESSES, PHONE NUMBERS AND OTHER PERTINENT INFORMATION FROM ALL PARTIES INVOLVED AND ALL WITNESSES.
IN THE EVENT OF any taking by Phage of a record of the Holders of any class of securities for the purpose of determining the Holders thereof who are entitled to receive any dividend or other distribution, or any right to subscribe for, purchase or otherwise acquire any shares of stock of any class or any other securities or property, or to receive any other right; or
IN THE EVENT OF. DEFAULT OR BREACH OF THIS AGREEMENT BY BUYER, (i) THE AMOUNT OF THE DEPOSIT AS SET FORTH IN SECTION 1.3 HEREOF SHALL, AT COMPANY'S SOLE ELECTION, CONSTITUTE LIQUIDATED DAMAGES TO COMPANY; AND (ii) IN SUCH EVENT THE PAYMENT OF SUCH 5 EXHIBIT "B" LIQUIDATED DAMAGES TO COMPANY SHALL CONSTITUTE THE EXCLUSIVE REMEDY OF COMPANY ON ACCOUNT OF THE DEFAULT BY BUYER.
IN THE EVENT OF a proposed layoff of a permanent or long term nature, the Employer will provide the union with no less than 30 calendar days notice. In the event of other layoffs, the Employer will provide the local union with as much notice as possible but no less than notice in accordance with Employment Standards Act. Such notice shall not be In addition to notice provided to employees.
i) the reason causing the layoff;
ii) the service, which the Employer will undertake after the layoff; lii) the method of implementation Including the areas of cut-back and the employees to be laid-off.
(a) A layoff of employees shall be made on the basis of seniority provided that the employees who are entitled to remain on the basis of seniority are qualified to perform the available work. Subject to the foregoing probationary employees shall be first laid-off. Employees shall be laid off in reverse order of Seniority.
IN THE EVENT OF a death in the immediate family, the employee shall be entitled to take up to thirty-six (36)