Performance Obligation definition

Performance Obligation has the meaning set forth in Section 4.03 hereof.

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Performance Obligation means any obligation of a party arising under this Agreement, other than a Financial Obligation.

Performance Obligation means the standard of performance of the Seller to deliver or exchange and of the Buyer to receive or exchange the Product as specified in a Confirmation under the following performance options: (a) Firm; or (b) Standard, and within those options, the delivery obligations of (i) Wet; (ii) Any; (iii) Ratable; or (iv) other. If no performance option or delivery obligation is selected by the parties on the Confirmation, then Firm and Any are the defaults, respectively.

Examples of Performance Obligation in a sentence

• The Parties agree that for Standard Performance Obligation, Seller shall not be obligated to provide Notice to Buyer of any reason excusing its performance; provided, however, Seller shall provide Buyer with prompt oral or electronic notice of the event excusing performance.

• A “Default” shall occur (i) upon the occurrence of a Winding-Up Event that occurs before the Conversion Date or (ii) upon the occurrence of a Non-Payment Event or (iii) upon a breach by the Company of a Performance Obligation.

• If for any reason Tenant shall fail to perform or observe any Performance Obligation, Guarantor shall, immediately upon demand, perform and observe the same or cause the same to be performed or observed.

• For the avoidance of doubt, any breach by the Company of any Performance Obligation shall not confer upon the Trustee (acting on behalf of the Holders) and/or the Holders any claim other than specific performance and the Company shall not be obliged to pay any sum or sums, in cash or otherwise (including damages), as a consequence of the institution of any such proceedings, except where a Holder proves any Monetary Judgment in the Company’s winding-up or administration.

• Seller is providing, subject to the terms and conditions of this Agreement, an Unconditional Performance Obligation (as defined herein) with production and efficiency standards for the Liquefaction Train System forming part of the process system of the Facility.

More Definitions of Performance Obligation

Performance Obligation means any term, obligation or condition binding upon the Company under the Securities or under the Indenture with respect to the Securities other than any obligation to pay principal of, or interest on, any Securities or any obligation to pay Additional Amounts in respect thereof (whether upon redemption, the occurrence of a Liquidation Event or otherwise).

Performance Obligation has the meaning set forth in Section 2.07(c) hereof.

Performance Obligation means any obligation of a party arising under this Agreement, other than a Financial Obligation. User agent for Joint Venturers The User enters into this Agreement as agent for and on behalf of the Joint Venturers, and the User warrants that it is duly authorised to do so. The User will not be personally liable under this Agreement in its capacity as agent for the Joint Venturers. The Joint Venturers comprising the User will be a single party to this Agreement, but their respective rights against and liabilities to DBCT Management and DBCT Guarantor will be determined in accordance with this clause 28.] Financial Obligations of Joint Venturers are several Subject to clauses 28.4 and 28.5 (and any other provision of this Agreement which may expressly provide otherwise), the liability of each Joint Venturer in respect of each Financial Obligation of the User is several, and each Joint Venturer will only be liable for an amount owing by the User equivalent to its Joint Venture Percentage of that amount. Rights and Performance Obligations of Joint Venturers are joint Each right of the User under this Agreement can only be exercised by the User or by [delete highlighted words where the Joint Venturers are all signatories in their own right] the Joint Venturers jointly. Each Joint Venturer will be jointly liable in respect of each Performance Obligation of the User (other than any Performance Obligation expressed to be imposed on an individual Joint Venturer). Individual Joint Venturer default If: a Joint Venturer defaults in respect of the performance of a Financial Obligation of the User; the other Joint Venturers are not in default in respect of that Financial Obligation; and [where there is a single User, as agent for the Joint Venturers] the User gives a notice to DBCT Management, copied to the defaulting Joint Venturer, identifying the defaulting Joint Venturer and its default, [where the Joint Venturers are all signatories in their own right ] the other Joint Venturers give a notice to DBCT Management, copied to the defaulting Joint Venturer, identifying the defaulting Joint Venturer and its default, then that defaulting Joint Venturer (unless it disputes the default in writing to DBCT Management within 7 days of receiving a copy of the notice) will be solely liable, to the extent of the default, in the performance of that Financial Obligation. Any notice given pursuant to clause 28.5(a)(iii) and not disputed by the defaulting Joint Venturer within the ti...

Performance Obligation means an obligation to perform under a contract. By way of example and not by way of limitation, the term “Performance Obligation” excludes non-contractual duties, such as duties in tort.

Performance Obligation means (i) performance obligations under supply, service or construction contracts, including, without limitation, bid and performance bonds or guaranties relating to the foregoing obligations and contracts or (ii) letters of credit or bank guarantees that support the obligations referred to in clause (i).

Performance Obligation has the meaning specified in Section 6.01.

Performance Obligation means the Hospital performance obligations, as set out in Section 6 and in the Schedules to the Agreement;