Remedial Steps Clause Samples
The Remedial Steps clause outlines the actions a party must take to correct a breach or failure to meet contractual obligations. Typically, this clause requires the defaulting party to address the issue within a specified timeframe after receiving notice, such as fixing a defect in delivered goods or remedying a missed payment. Its core function is to provide a structured opportunity for resolving problems before more severe consequences, like termination or legal action, are pursued, thereby promoting fairness and minimizing disputes.
Remedial Steps. As soon as practicable after the occurrence of an event of Force Majeure, the Party claiming relief shall take all reasonable steps necessary in the applicable circumstances to remedy the failure, inability or occurrence. Relief under this Article 16 shall cease to be available if the Party claiming relief (or, as applicable, such third party) fails to so take all necessary steps in the applicable circumstances to remedy the failure, inability or occurrence but such Party claiming relief shall not be obliged to settle any labor dispute except, in such manner as it shall in its own judgment consider fit.
Remedial Steps. As soon as practicable after the occurrence of an event of Force Majeure, the Party claiming relief shall take all reasonable steps in the applicable circumstances to remedy the failure, inability or occurrence, but such Party claiming relief shall not be obligated to:
16.5.1 Incur any extraordinary costs or make more than commercially reasonable investments;
16.5.2 Bring into production any existing or potential reserves not already flowing under this Agreement;
16.5.3 Buy Gas from a third party, or respectively, to sell Gas to a third party; and
16.5.4 Remedy any failure of the Transporter to take delivery of, transport, or deliver Gas in satisfaction of such Party’s obligations respecting a Proper Nomination.
Remedial Steps. 23. The Respondent’s own compliance program identified instances of lack of adequate documentation relating to the purchase of certain Dynamic Exempt Market Funds. The Respondent thereafter initiated the Review and, in order to ensure its comprehensiveness, expanded its scope to include all Exempt Funds sold during the Review Period.
24. A number of enhanced compliance procedures and policies and training modules have been implemented, and continue to be implemented, by HollisWealth Advisory Services Inc. relative to the documentation and sale of exempt market products. HollisWealth Advisory Services Inc. introduced a new mandatory Prospectus Exemption Certificate (“PEC”) in June 2013 to be completed and signed by clients, advisors and branch managers and forwarded to Head Office Compliance in connection with each purchase of a product sold pursuant to a prospectus exemption; enhanced its automated compliance system to flag all purchases of Exempt Funds which Compliance matched to PECs on file; and more recently further enhanced its automated compliance system to automatically permit the qualification of clients for prospectus exempt transactions based on account information in client files and produce exceptions for review.
Remedial Steps. During the thirty (30) day period commencing forty five (45) days prior to the Group A Closing, Buyer, at its expense and with Seller's reasonable cooperation, shall have the opportunity to conduct tests and inspections to determine whether the CATV Systems comply with the Technical Standards. In the event Buyer and Seller are unable to agree whether Seller has taken appropriate Remedial Steps pursuant to Section 5.8.4 to bring the CATV Systems into compliance with the Technical Standards, Buyer and Seller shall appoint a mutually acceptable engineering firm to conduct appropriate tests, in accordance with the rules of the FCC and the standards generally accepted by qualified engineers in the CATV industry, to certify the CATV Systems' compliance with the Technical Standards, which firm shall render a written report to Buyer and Seller within thirty (30) calendar days after it has been retained, and whose fees shall be paid one-half by Buyer and one-half by Seller.
Remedial Steps. If the Service is the subject of a Claim described in clause 4.3, Dermscreen may (at its cost and option) either:
(a) procure the right for Customer to continue using the Service, Administration Platform or Dermscreen Hardware;
(b) modify the Service, Administration Platform or Dermscreen Hardware such that it no longer infringes the relevant Intellectual Property Rights; or
(c) terminate the Agreement and provide Customer with a pro-rata refund of any Fees paid in advance for use of the Service, Administration Platform or Dermscreen Hardware.
Remedial Steps. In the event Buyer and Seller are unable to agree whether appropriate Remedial Steps have been taken to bring the CATV Systems into compliance with the standards prescribed in Section 5.8.3, Buyer and Seller shall appoint a mutually acceptable engineering firm to conduct appropriate tests, in accordance with the rules of the FCC and the standards generally accepted by qualified engineers in the CATV industry, to certify the CATV Systems' compliance with the standards of Section 5.8.3, which firm shall render a written report to Buyer and Seller within thirty (30) calendar days after it has been retained, and whose fees shall be paid one-half by Buyer and one-half by Seller.