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).
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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.
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Interdependent Contracts. Section 4.13(b) of the Company Letter identifies each Interdependent Contract as of the date of this Agreement.
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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).
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Related to Interdependent Contracts

  • RELATIONSHIP OF THE PARTIES/INDEPENDENT CONTRACTOR 31.1 Each Party is an independent contractor, and has and hereby retains the right to exercise full control of and supervision over its own performance of its obligations under this Agreement and retains full control over the employment, direction, compensation and discharge of its employees assisting in the performance of such obligations. Each Party and each Party’s contractor(s) shall be solely responsible for all matters relating to payment of such employees, including the withholding or payment of all applicable federal, state and local income taxes, social security taxes and other payroll taxes with respect to its employees, as well as any taxes, contributions or other obligations imposed by applicable state unemployment or workers’ compensation acts and all other regulations governing such matters. Each Party has sole authority and responsibility to hire, fire and otherwise control its employees. 31.2 Nothing contained herein shall constitute the Parties as joint venturers, partners, employees or agents of one another, and neither Party shall have the right or power to bind or obligate the other. Nothing herein will be construed as making either Party responsible or liable for the obligations and undertakings of the other Party. Except for provisions herein expressly authorizing a Party to act for another, nothing in this Agreement shall constitute a Party as a legal representative or agent of the other Party, nor shall a Party have the right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name or on behalf of the other Party unless otherwise expressly permitted by such other Party. Except as otherwise expressly provided in this Agreement, no Party undertakes to perform any obligation of the other Party, whether regulatory or contractual, or to assume any responsibility for the management of the other Party’s business.

  • Independent Contractors The Parties are independent contractors. Neither Party has the authority to bind the other. This Agreement does not create a partnership, franchise, joint venture, agency, fiduciary, or employment relationship between the Parties.

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"): a. The Recipient will not contract with any Private Person to manage the Project or any portion thereof unless all of the following conditions are met: (A) at least 50% of the compensation of the Private Person is based on a periodic, fixed fee that contains no incentive adjustments, and no amount of compensation is based on a share of net profits; (B) the compensation is reasonable in relation to the services performed; (C) the term of the contract does not exceed five (5) years (including any renewal option periods provided for in the contract); (D) if the term of the contract exceeds three (3) years, the Recipient is able to cancel the contract without penalty or cause at the end of each three-year period of the contract; (E) any automatic increases in the periodic, fixed fee may not exceed the percentage increases determined by an external standard set forth in the contract for computing increases; and (F) any new contract with a Private Person which is subject to this subparagraph F.2. will be subject to the requirements of (A) through (F) of this subparagraph F.2.a.; and b. If the Recipient is subject to subparagraph F.2.a. above and it enters into contracts with Private Persons described in subparagraph F.2.a., and the Governing Body of the recipient numbers five (5) or more members, no more than one (1) member of the Governing Body of the Recipient may be an employee or member of the Governing Body of the Private Person. If the Governing Body of the Recipient numbers less than five (5), no member of the Governing Body of the Recipient may be an employee or member of the Governing Body of the Private Person. Similarly, if the Governing Body of the Private Person numbers five (5) or more members, no more than one (1) of those members may be an employee or member of the Governing Body of the Recipient. However, in no event may a member or employee of both the Recipient and Private Person be the Chief Executive Officer or its equivalent of the Recipient or the Private Person. Members of the Governing Body of the Recipient may not own a controlling interest in the Private Person.