Supplier Default. If the Supplier:
Supplier Default. If the services cannot be carried out due to any default of the Supplier then the Hirer shall incur no charge for the specific item of Plant the subject of such default.
Supplier Default. The obligations to purchase Product under this Agreement may be terminated by Buyer if any one or more of the following events occur (each a "Supplier Default"):
Supplier Default. 8 8.1.1. Failure to Provide Chilled Water Service ....................... 8 8.1.2. Failure to Perform Other Obligations ........................... 9 8.2. Customer Default ...................................................... 9 8.2.1. Failure to Pay ................................................. 9 8.2.2. Failure to Perform Other Obligations ........................... 9
Supplier Default. The occurrence at any time of any of the following events shall constitute a "Supplier Default":
Supplier Default. If the Supplier is in breach of any of its obligations under this Contract (Supplier Default), then the Company may give notice to the Supplier identifying the breach and requesting the Supplier to remedy such breach within the period specified in the notice (such period to be a minimum of 10 Business Days).
Supplier Default. 18.1 Where a Supplier Event of Default occurs or the Supplier breaches any term of the Contract, the Company may issue a notice of default on the Supplier, which must:
Supplier Default. The Director is leading the development of proposals to deal with the consequences of an electricity supplier defaulting on its obligations under one or more industry agreements, the most likely cause being insolvency. Discussions with industry participants are continuing following a recent consultation exercise. It is probable that the proposals agreed as a result of this exercise will require changes to be made to this Agreement to reflect them. 3. Performance Assurance The Shadow MEC has been developing processes for performance assurance in relation to parties' obligations under this Agreement which are not covered by other agreements. This development will be continued by MEC. The development of the performance assurance procedures will involve completing the following tasks: 1. agreeing the scope of the MRA performance assurance criteria; 2. identifying the prioritised risk areas in the MRA that are not covered elsewhere and those that are required prior to Controlled Market Start-Up; 3. determining the techniques for enduring MRA performance assurance; 4. planning the development of the detailed performance assurance procedures; 5. developing the performance assurance procedures; 6. building up the capability to undertake the agreed performance assurance processes; 7. developing appropriate reporting and monitoring arrangements; and 8. developing and implementing the systems to support performance assurance processes and; 9. developing an appropriate entry process. 4. Millennium Compliance Negotiations have been taking place in the context of the PES Standard Agreements on provisions to apply in the event of millennium related systems failure. The negotiations have failed to resolve the issue which is now to be referred to the Director for its view. Once the issue has been resolved, it is the parties intention that provisions reflecting the agreed position be developed for insertion into the MRA. 5. Procedure for Objection by Old Supplier PES s have been in discussion with the Director and with certain Suppliers in relation to grounds for objection in circumstances where a customer has outstanding debts relating to electricity supplied, including in relation to a previous premises. MEC should consider whether amendments should be made to the existing provisions of Clause 16 to provide appropriate protections, having regard to market developments. SCHEDULE 13 MRA Service Company Limited
Supplier Default. Should the Buyer consider that the Seller is not executing the Order in accordance with or as stipulated in the Contract; or the Seller has not made sufficient progress to ensure delivery of the Goods by the time stated in the Order, or that such time has already expired; or the Seller has refused to carry out the reasonable instruction of the Purchaser for the execution of Order or is otherwise in breach of its obligations under the Contract. The Buyer may give notice to the Seller specifying the default and requiring the Seller to remedy it within seven days or such longer period as the Buyer may specify. If the Seller fails so to remedy its default then the Buyer may terminate the Order in whole or in part by notice to the Seller with immediate effect. Thereupon the Buyer may itself complete performance or secure such performance by others of that part of the Order which the Seller has failed to perform using for that purpose (making a fair and proper allowance therefor in any payment subsequently made to the Seller) any materials, plant and equipment on the Buyers premises belonging to the Seller. The Buyer shall not be liable to make any further payment to the Seller until the Order has been completed in accordance with the requirements of the Contract, and shall be entitled to deduct from any amount due to the Seller the costs thereof incurred by the Buyer if the total cost to the Company exceeds the amount (if any) due to the Seller, the difference shall be recoverable by the Buyer from the Seller. The Buyer shall not be liable for any loss whatsoever suffered by the Seller as a result of the Buyers action.
