NOVs Clause Samples
The NOVs (Notices of Violation) clause establishes the procedures and responsibilities related to the issuance, receipt, and management of official notices of regulatory or contractual violations. Typically, this clause outlines how parties must notify each other if a violation occurs, the timeframe for responding or remedying the issue, and any documentation requirements. By clearly defining these steps, the clause ensures that violations are addressed promptly and transparently, helping to mitigate risks and maintain compliance throughout the contractual relationship.
NOVs. Provide copies of all notices of violation, requests for information and similar notices received from governmental agencies or others alleging violation of or potential non-compliance with environmental laws or regulations by the projects.
NOVs. The NOV's listed on Schedule 1.24 are the only NOV's received by any Seller and of which the Seller has notice as of the Closing Date. Each of the NOV's is capable of being corrected within sixty days of the Execution Date and will not prevent the transfer of operations to the Buyer on the Closing Date.