Delayed Obligation definition
Examples of Delayed Obligation in a sentence
The party responsible for the performance of the Delayed Obligation must use its reasonable endeavours to remove, and minimise the effects of, the Force Majeure.
If the Delayed Obligation cannot be performed within the 20 Business Days referred to in clause 11(a) then either party may terminate this Agreement.
If a party's performance of an obligation under this Agreement (except an obligation to pay money), is delayed by Force Majeure ('Delayed Obligation'), the time in which a party had to perform the Delayed Obligation will be extended by the period of the delay, up to a maximum of 20 Business Days after notice referred to in clause 11(c) has been provided to the other party.
Subject to a Party complying with clauses 11(c) and 11(d), and subject to clause 11(f), a Party will not be liable in damages to the other, nor will any action, claim or demand be taken or made against a Party, by reason solely of the Delayed Obligation due to Force Majeure.
If the Delayed Obligation cannot be performed within the 20 Business Days referred to in clause 11(a) then either Party may terminate this Agreement.
Subject to a party complying with clauses 11(c) and 11(d), and subject to clause 11(f), a party will not be liable in damages to the other, nor will any action, claim or demand be taken or made against a party, by reason solely of the Delayed Obligation due to Force Majeure.
In the event that the Company has Pre-Tax Profits in an amount greater than 80%, but less than 100%, of the Target for such year, Seller shall be paid 50% of the Installment for such year, with payment of the remaining 50% deferred for five (5) years from the date the Installment is paid in accordance herewith ("Delayed Obligation") subject to the terms hereof.
The Party responsible for the performance of the Delayed Obligation must use its reasonable endeavours to remove, and minimise the effects of, the Force Majeure and must continue to perform all unaffected Obligations in accordance with this Agreement.
If the Delayed Obligation cannot be performed within the 20 Business Days referred to in clause 9(a) then either party may terminate this Agreement.
If a party's performance of an obligation under this Agreement (except an obligation to pay money), is delayed by Force Majeure ('Delayed Obligation'), the time in which a Party had to perform the Delayed Obligation will be extended by the period of the delay, up to a maximum of 20 Business Days after notice referred to in clause 11(c) has been provided to the other Party.