Breach Party definition
Examples of Breach Party in a sentence
Failure by either Party (the "Breaching Party") to comply with any of the material obligations contained in this Agreement shall entitle the other Party (the "Non-breaching Party") to give to the Breach Party notice specifying the nature of the breach and requiring it to cure such breach.
In such case, only the non-Breaching Party may issue the Termination Notice and the non-Breaching Party shall have the right to elect whether the Company should be dissolved or whether it will buy the equity interest of the Breach Party.
The waiver by either party of a breach or threatened breach of this Agreement by the other party (the "Breach Party") shall not be construed as a waiver of any subsequent breach by the Breach Party.
In the event of a Data Breach or suspected Data Breach, Party shall notify MTG promptly at ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇, but in no case later than twenty-four (24) hours after becoming aware of or suspecting that the Data Breach.
If the Breach Party does not cure the material breach within that time, the Non-breaching Party shall have the right to terminate the Agreement as of the date it first gave notice to the Breaching Party thereof.
Liabilities for Breach: Party B shall make rental payment as scheduled and will be in breach if payment is not made by March of the year.