Negative Acts Sample Clauses

The Negative Acts clause defines and prohibits specific actions or behaviors that are considered detrimental or unacceptable within the context of the agreement. Typically, this clause outlines conduct such as fraud, willful misconduct, or violations of law, and may specify consequences or remedies if such acts occur. By clearly identifying and forbidding these negative actions, the clause helps protect parties from harm and ensures accountability, thereby reducing the risk of disputes and promoting ethical conduct.
Negative Acts. Seller shall fail to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in Article 11 (Negative Covenants of Seller) or Article 13 (Single Purpose Entity Covenants); provided, however, that if such failure is susceptible to cure, Seller fails to cure the same within five (5) Business Days after notice of such breach from Purchaser to Seller or Seller’s Knowledge thereof (provided that, any such breach resulting from the willful misconduct or bad faith of Seller Party or any Affiliate thereof shall not be susceptible to cure).
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Negative Acts. Seller shall fail to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in Article 11 (Negative Covenants of Seller) or Article 13 (Single Purpose Entity Covenants).
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Negative Acts. Seller shall fail to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in Article 13 (Single Purpose Entity Covenants) unless, (A) such failure is inadvertent, immaterial and non-recurring and (B) if such failure is curable, Seller shall have cured such breach within ten (10) Business Days following the date upon which such Seller first obtains knowledge of such breach or violation.
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Negative Acts. Seller shall fail to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in (x) Article 11 (Negative Covenants of Seller) which failure is not remedied within five (5) Business Days after written notice thereof to Seller from Purchaser or (y) Article 13 (Single Purpose Entity Covenants) unless (A) such failure is inadvertent, immaterial and non-recurring and (B) if such failure is curable, Seller shall have cured such breach within five (5) Business Days following the date upon which Seller first obtains knowledge of such breach or violation.
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Negative Acts. Borrower shall fail to perform, comply with or observe any term, covenant or agreement applicable to Borrower contained in (A) Article 10 (and the same are not cured within ten (10) Business Days after written notice from Class A Lender to Borrower), (B) Article 11(b) (and the same are not cured within ten (10) Business Days after written notice from Class A Lender to Borrower) or (C) Article 12; provided, however, with respect to Article 12, such failure shall not constitute an Event of Default if (I) such failure was inadvertent, immaterial and non-recurring and (II) such failure is curable, and Borrower promptly cures such breach within ten (10) Business Days of notice from Class A Lender; provided, however, that if any such breach or failure with respect to clauses (A), (B) or (C) is susceptible of cure but cannot reasonably be cured within such ten (10) Business Day period, and provided further that Borrower shall have commenced to cure such breach or failure within such ten (10) Business Day period shall and thereafter diligently proceed to cure the same, such ten (10) Business Day period shall be extended for such time as is reasonably necessary for Borrower in the exercise of due diligence to cure such breach or failure, such additional period not to exceed thirty (30) days (inclusive of the initial ten (10) Business Day period).
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Negative Acts. Seller shall fail to perform, comply with or observe any term, covenant or agreement applicable to Seller contained in Article 13 (Single Purpose Entity Covenants) unless such failure is susceptible to cure, does not materially affect the likelihood of substantive consolidation and is cured within ten (10) days after such failure.
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Related to Negative Acts

  • Prohibited Acts The Supplier warrants and represents that: it has not committed any offence under the Bribery Act 2010 or done any of the following (“Prohibited Acts”): offered, given or agreed to give any officer or employee of the Authority any gift or consideration of any kind as an inducement or reward for doing or not doing or for having done or not having done any act in relation to the obtaining or performance of this or any other agreement with the Authority or for showing or not showing favour or disfavour to any person in relation to this or any other agreement with the Authority; or in connection with this Contract paid or agreed to pay any commission other than a payment, particulars of which (including the terms and conditions of the agreement for its payment) have been disclosed in writing to the Authority; and it has in place adequate procedures to prevent bribery and corruption, as contemplated by section 7 of the Bribery Act 2010. If the Supplier or its Staff (or anyone acting on its or their behalf) has done or does any of the Prohibited Acts or has committed or commits any offence under the Bribery Act 2010 with or without the knowledge of the Supplier in relation to this or any other agreement with the Authority: the Authority shall be entitled: to terminate this Contract and recover from the Supplier the amount of any loss resulting from the termination; to recover from the Supplier the amount or value of any gift, consideration or commission concerned; and to recover from the Supplier any other loss or expense sustained in consequence of the carrying out of the Prohibited Act or the commission of the offence under the Bribery Act 2010; any termination under Clause 29.2.1 of this Schedule 2 of these Call-off Terms and Conditions shall be without prejudice to any right or remedy that has already accrued, or subsequently accrues, to the Authority; and notwithstanding Clause 22 of this Schedule 2 of these Call-off Terms and Conditions, any Dispute relating to: the interpretation of Clause 29 of this Schedule 2 of these Call-off Terms and Conditions; or the amount or value of any gift, consideration or commission, shall be determined by the Authority, acting reasonably, and the decision shall be final and conclusive.