Cancellation Condition definition
Examples of Cancellation Condition in a sentence
Rivian acknowledges and agrees that Amazon may be damaged irreparably in the event Rivian is not using reasonable efforts to cure a Cancellation Condition, monetary damages may not provide an adequate remedy in such event, and Amazon is entitled to seek an order of specific performance to compel performance of such obligations, in addition to any other remedy to which Amazon may be entitled hereunder.
The parties agree that if the Cancellation Condition has occurred, Lender shall cancel the Past Due Contingent Obligations effective in the quarter ending September 30, 2002.
If Rivian does not cure a Failed Development Deliverable prior to the expiration of the Development Cure Period, such occurrence will be deemed a Cancellation Condition following written notice by Amazon in accordance with Section 8.3 (Suspension, Cancellation, and Termination – Cancellation Conditions).
During the period of time set forth in Schedule 12 corresponding to the Ramp-Up Plan, Rivian will have no obligation to Manufacture any amount of Product units greater than the applicable volume set forth in the Ramp-Up Plan, and no Cancellation Condition, breach or other penalty, Amazon cause of action, or otherwise will apply due to this limitation of capacity.
The CSD Pool may cancel the Equipment Breakdown Coverage Document as allowed by the Cancellation Condition.
For the one (1)-year period after any Cancellation Condition is triggered and prior to a termination or waiver by Amazon of such Cancellation Condition pursuant to Section 8.3 (Suspension, Cancellation, and Termination – Cancellation Conditions) and Schedule 15, Rivian will, on a continuous basis, use all reasonable efforts to cure such Cancellation Condition.
Cancellation Condition is amended to read: *** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
Cancellation Condition is amended to read: This insurance may be cancelled only by mutual written agreement between the Named Insured, the Security Agent and the Insurers except that this insurance may be cancelled unilaterally by the Insurers for non-payment of Premium.
If [***] or more of the Downtime Vehicles had more than [***] of Downtime during such year, such Downtime will be a Cancellation Condition (the “Downtime Condition”).
Lender and Borrower hereby agree to cancel the Past Due Contingent Obligations (as defined in the Agreement, as amended by this December 2001 Amendment) upon IBI making the seven monthly payments as provided for in Section 3.C below (the "Cancellation Condition").