Common use of Performance Factors Clause in Contracts

Performance Factors. (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: (1) describe the Performance Factor and its actual or anticipated impact; (2) include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; (3) indicate whether the party is requesting a meeting to discuss the Performance Factor; and (4) address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under section 7.2(a), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3. PICB may be included in any such meeting at the request of either party.

Performance Factors. (a) Each party Party will notify the other party Party of the existence of a Performance Factor, as soon as reasonably possible after the party Party becomes aware of the Performance Factor. The Notice will: (1) describe the Performance Factor and its actual or anticipated impact; (2) include a description of any action the party Party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; (3) indicate whether the party Party is requesting a meeting to discuss the Performance Factor; and (4) address any other issue or matter the party Party wishes to raise with the other partyParty. (b) The recipient party Party will provide a written acknowledgment of receipt of the Notice within 7 seven Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under section 7.2(a), the parties Parties agree to meet and discuss the Performance Factors within 14 fourteen Days of the Date of the Notice, in accordance with the provisions of section 7.3. PICB may be included in any such meeting at the request of either partyParty.

Performance Factors. (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: (1) describe the Performance Factor and its actual or anticipated impact; (2) include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor;to (3) indicate whether the party is requesting a meeting to discuss the Performance Factor; andthe (4) address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under section 7.2(a), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3. PICB may be included in any such meeting at the request of either party.

Performance Factors. (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. .The Notice will: (1) describe the Performance Factor and its actual or anticipated impact; (2) include a description of any action the party is undertaking, or plans to undertake, to remedy or remedyor mitigate the Performance Factor; (3) indicate whether the party is requesting a meeting to discuss the Performance Factor; and (4) address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under section 7.2(a), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3. PICB may be included in any such meeting at the request of either party.

Performance Factors. (a) Each party Party will notify the other party Party of the existence of a Performance Factor, as soon as reasonably possible after the party Party becomes aware of the Performance Factor. The Notice will: (1) describe the Performance Factor and its actual or anticipated impact; (2) include a description of any action the party Party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; (3) indicate whether the party Party is requesting a meeting to discuss the Performance Factor; and (4) address any other issue or matter the party Party wishes to raise with the other partyParty. (b) The recipient party Party will provide a written acknowledgment of receipt of the Notice within 7 seven Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under section 7.2(a), the parties Parties agree to meet and discuss the Performance Factors within 14 fourteen Days of the Date of the Notice, in accordance with the provisions of section 7.3. PICB may be included in any such meeting at the request of either party.Party.‌