Common use of Trader's remedy Clause in Contracts

Trader's remedy. Except as provided in clause 9.10, the Trader’s only remedy (if any) if the Distributor fails to meet any of its obligations under clause 4.11, including the timeframes referred to in clause 4.11, is the payment of a Service Guarantee Payment (if any) set out in Schedule 1. For the avoidance of doubt, if no Service Guarantee Payment is set out in Schedule 1, then the Trader shall have no remedy in respect of such failure.

Appears in 2 contracts

Samples: Default Distributor Agreement, Default Distributor Agreement

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Trader's remedy. Except as provided in clause 9.10, the Trader’s only remedy (if any) if the Distributor fails to meet any of its obligations under clause 4.11, including the timeframes referred to in clause 4.11, 4.11 is the payment of a Service Guarantee Payment (if any) set out in accordance with Schedule 1. For the avoidance of doubt, if no Service Guarantee Payment is set out in Schedule 11 in respect of that failure, then the Trader shall will have no remedy in respect of such the failure.

Appears in 2 contracts

Samples: Default Distribution Agreement, Default Distributor Agreement

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