Interdependent Contracts Sample Clauses
The Interdependent Contracts clause establishes that the validity or performance of one contract is directly linked to the validity or performance of another related contract. In practice, this means that if one contract is terminated, breached, or otherwise affected, the corresponding contract(s) may also be impacted, such as being automatically terminated or requiring renegotiation. This clause is commonly used in complex transactions involving multiple agreements, ensuring that the parties' obligations remain coordinated and that the failure of one contract does not leave the parties unfairly bound to the others. Its core function is to allocate risk and maintain consistency across interconnected agreements, preventing unintended consequences if one part of a multi-contract arrangement fails.
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Interdependent Contracts. If, as a result of any default, negligence and/or breach by the Contractor or any Contractor Related Party of any of its or their obligations under or pursuant to any direct contracts between the Authority and the Contractor, the Authority is unable to comply with any or all of its obligations under Schedule 7 (Authority Obligations) then, notwithstanding any other provision of this Contract: such failure by the Authority to comply with those obligations shall not be treated as a GFA Failure for the purposes of this Contract, provided that the Authority has used its reasonable endeavours to mitigate such failure; the Contractor shall not be entitled to any relief and/or compensation of whatever nature (including any adjustment to the Contract Price) and howsoever arising in respect of such failure by the Authority to comply; and nothing shall affect the Authority’s rights under Schedule 9 (Pricing and Payment).
Interdependent Contracts. Should a Sold Company or Sold Subsidiary team, either as a prime contractor or subcontractor, with the Company or any of its Subsidiaries (other than the Sold Companies and Sold Subsidiaries) for a Government Bid that will be submitted, or a Government Contract that will be executed, prior to the Closing, the Company shall cause its Affiliates to formalize such an arrangement in a teaming agreement or subcontract, as applicable, containing terms and conditions consistent with the applicable Interdependent Contract. Other than entry into the Closing Interdependent Contracts at the Closing, the Company shall and shall cause its Subsidiaries not to amend any material term of, or waive any material right under, or terminate any Interdependent Contract set forth on Section 4.13(b) of the Company Letter without the Buyer’s consent, which consent shall not be unreasonably withheld, delayed or conditioned.
Interdependent Contracts. Section 4.13(b) of the Company Letter identifies each Interdependent Contract as of the date of this Agreement.
Interdependent Contracts. (1) If, as a result of any default, negligence and/or breach by the Contractor or any Contractor Related Party of any of its or their obligations under or pursuant to any direct contracts between the Authority and the Contractor, the Authority is unable to comply with any or all of its obligations under Schedule 16 (Authority Obligations) then, notwithstanding any other provision of this Contract:
(a) such failure by the Authority to comply with those obligations shall not be treated as a GFA Failure for the purposes of this Contract, provided that the Authority has used its reasonable endeavours to mitigate such failure;
(b) the Contractor shall not be entitled to any relief and/or compensation of whatever nature (including any adjustment to the Contract Price) and howsoever arising in respect of such failure by the Authority to comply; and
(c) nothing shall affect the Authority’s rights under Schedule 11 (Pricing and Payment).