Performance Under Sample Clauses
The "Performance Under" clause defines the obligations and standards that parties must meet when fulfilling their duties under the contract. Typically, it outlines the expected level of performance, such as timeliness, quality, or compliance with specifications, and may specify how performance will be measured or verified. This clause ensures that both parties have a clear understanding of what constitutes satisfactory performance, thereby reducing the risk of disputes and promoting accountability throughout the contractual relationship.
Performance Under. This Agreement: The Debtor shall fail in any material respect to perform or observe any term, covenant or agreement contained in this Security Agreement or in any document, instrument or agreement relating to this Agreement and any such failure shall continue unremedied for more than 30 days after written notice from the Bank to the Borrower(s) of the existence and character of such Event of Default.
Performance Under. This Agreement: Other than as set forth in Section 6.2 or 6.3 hereof, the Borrower or any other Loan Party shall fail in any material respect to perform or observe any term, covenant or agreement contained in this Agreement or in any document, instrument or agreement relating to this Agreement or any other document or agreement executed by the Borrower or any other Loan Party with or in favor of Agent and any such failure shall continue unremedied for more than thirty (30) days after written notice from Agent to the Borrower of the existence and character of such Event of Default.