Translation of "Nachfristsetzung" in English

The running of the deadline will start with the receipt, by us, of the second deadline.

It is not necessary to grant additional time.

In any case, however, a reminder with a grace period set by the customer is required.

Granting a period of grace and rescission from the contract are to be made in writing.

The respite begins with the reception by eXept of the setting of the respite.

The inception of the period is determined by receipt of the grace period notification.

If a fixed date has been agreed we can exercise these rights immediately without setting a final deadline.

The requirement for setting a period of grace no-longer applies in the cases provided for by law.

In such cases, the Customer shall be entitled to withdraw from the contract, after granting a reasonable grace period.

The period of grace must be at least 6 weeks, starting on receipt of such declaration.

For this purpose, a warning of contract annulment submitted in writing in advance with a reasonable grace period is always required.

If GBTEC AG is in default with the supply of software or another service due, the customer has the right to cancel the contract following the setting of two grace periods without effect.

This period begins with receipt of a warning letter sent via recorded delivery to the Contractor which fulfils the stated condition (setting an extension period).

If a grace period notification for a rectification of defects is not reasonable for the purchaser due to time reasons, the purchaser has the right to have the defects repaired and to charge the required expenses after having informed the supplier.

If the disturbance prevails longer than 3 months, the buyer is entitled, after allowance of an adequate time limit and with regard to the unfulfilled part of the contract, to withdraw back from the contract.

There is no requirement to grant a period of grace within the context of claims for damages, if grounds for suspecting the Buyer’s ability to pay should arise following the conclusion of the agreement such as default of payment and cessation of payments, filing of a petition in insolvency, assignment of current assets as security, unfavourable credit reports from banks or other lenders or credit insurers.

If an obstruction as described at Point 5 lasts longer than four months, the customer shall be entitled, after setting a reasonable grace period, to withdraw from the contract regarding the part that remains unfulfilled.

In the event of a delivery delay for which we are responsible, the customer shall be able to rescind the contract only after setting a reasonable grace period of at least four weeks and threatening explicitly to reject the delivery.

We may also terminate the contract either in full or in part if the contractual partner renders the delivery, start or continuation of a service impossible or causes further delay to the service despite being granted an additional period of time, or if we have concerns relating to credit worthiness and the contractual partner refuses our request for advance payment or adequate security prior to delivery or if the delivery period in cases of force majeure exceeds 3 months.

Should the obstruction continue for more than four (4) months, the Customer shall, after setting a reasonable final date, be entitled to terminate the part of the contract that is not yet fulfilled.