Discretionary Remedies. If Treasury finds the Participating State to be in default under Section 6.1 of this Agreement, Treasury may, in its sole discretion, take any one or more of the following actions, subject to Section 6.6 of this Agreement: (a) withhold Disbursements pending the Participating State’s correction of the default; or (b) wholly or partly reduce, suspend, or terminate the commitment of Treasury to make Disbursements to the Participating State under this Agreement, whereupon the commitment of Treasury to make Disbursements to the Participating State under this Agreement will be reduced, suspended, or terminated, as the case may be.
Appears in 4 contracts
Samples: Allocation Agreement, State Small Business Credit Initiative Allocation Agreement, State Small Business Credit Initiative Allocation Agreement
