Examples of Adequate Assurances in a sentence
Right to Adequate Assurances: When reasonable grounds for insecurity arise with respect to Subcontractor’s performance, Contractor may in writing demand adequate assurance of due performance.
Without limiting PacifiCorp’s rights under Article VIII hereof, if Counterparty has failed to make a timely payment hereunder, and PacifiCorp has reasonable grounds for insecurity regarding the performance of any obligation of Counterparty hereunder (whether or not then due), PacifiCorp may demand Adequate Assurances of Performance.
Right To Adequate Assurances: When reasonable grounds for insecurity arise with respect to Subcontractor’s performance, Contractor may in writing demand adequate assurance of due performance.
Such Adequate Assurances of Performance shall be provided within three business days after a written demand is made by PacifiCorp.
Adequate Assurances under Section 11.14 [shall][shall not] apply to the Agreement.