"If the party does not perform as required by the contract, he is going to be in default," Mr. Abramson said.
Andrei Kuzyaev, the president of Lukoil Overseas, the company's subsidiary for foreign operations, said in an interview that he was choosing oil services contractors in Iraq through open tenders, as required by the contract.
In most construction contracts, the general contractor is required to furnish all insurance coverage as required by that contract, and in turn he or she requires the subcontractors to comply with specific insurance requirements, so there are several layers of often repetitive coverage and associated costs.
As required by the contract, Spool 3 needs to be finished on Day 2, i.e., the 960th minutes after project starts (assume 8 working hours per day).
The audit also found that the town had not advertised for bids on contracts greater than $10,000, as required by state law.
"Unfortunately, it remains clear that you are not prepared to publish a 'faithful and accurate' translation of the work as required by our contract".
As a result, it will not be able to sell $250 million in debt and $75 million of equity by the end of the year, as required by its contract with the United Steelworkers of America.
But because Dura Lube did not buy commercial time on the race, Fox mentioned it only once at the start of the race and once an hour, as required by its contract.
programs to Viacom based on a higher bid that the court said USA had not matched as required by its contract, was widely seen as a serious blow to USA Networks Inc., which had sued to try to prevent Viacom from buying away the five hours of wrestling shows carried on USA.
A spokesman for the bus operator, Metroline, said CCTV was kept for 10 days, as required by their contract with TfL.
VaxGen is scrambling to complete its clinical trials by the end of 2006, but Gordon says that by the end of this year it will start pumping out doses that are 95% pure, as required by its contract.
