Duration, Suspension and Termination. The Agreement is of unlimited duration. Paynovate, at its own discretion, and taking into consideration a specific situation, giving preference to execution of legal acts applied to the activity of Paynovate, and interests of the Client, has the right to unilaterally and without a prior notice apply one or several of the following measures: - To suspend execution of one or several Payment transfers - To suspend the provision of all or part of Services to the Client - To detain the client’s funds that are matter of dispute - To block the Account (i.e. fully or partially suspend Payment Transactions on the Account) - To refuse to provide Services - To return arrested funds from the Account of the Client to the primary sender funds The aforementioned measures may be applied only in the following exceptional cases : - If the Client essentially violates the Agreement or its Supplements - If the activities of the client using a Paynovate Account have the potential to harm Paynovate’s business reputation - If the Client fails to complete the necessary identification procedures, or submit information required by Paynovate, or the Client provides information that does not conform to the requirements stipulated by legislation or Paynovate - If Paynovate receives substantiated information about the Client’s liquidation or bankruptcy case - In cases specified by legislation - In other cases stated in the Agreement or its Supplements. You may terminate the Agreement and close your account by giving thirty (30) days written notice (by any medium). The closure commences on the day a party issues the written notice. Once the closure has come into effect the Client can no longer give instructions concerning accounts, and Paynovate may reject any such instructions. Once the closure is effective Paynovate stops all related services. Any funds remaining after the closure of the online account will be transferred to any other external business bank account as indicated in the closure notice. Paynovate has the right to terminate the Agreement giving at least two (2) months’ notice to the Client by post or email, at the last communication address declared by the Client or by another durable medium. Without prejudice to all other available rights of Paynovate under the applicable laws or this Agreement, and unless otherwise provided in the Specific Terms and Conditions, the Agreement may be terminated by Paynovate with immediate effect and without compensation fee if one of the f...
Duration, Suspension and Termination. The present GTCU are concluded for an indefinite period of time as from their acceptance by the User.
Duration, Suspension and Termination. 6.1 This Project Agreement shall enter into force on the Effective Date and shall continue in full force and effect until complete fulfilment of all obligations undertaken by the parties under this Project Agreement.
6.2 In the event the Project Steering Committee identifies a breach by a party of its obligations under this Project Agreement, the Project Leader will give written notice to such party requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the Project Leader shall inform the Program Steering Committee who may decide to declare the party to be a Defaulting Party and to decide on the consequences thereof which may include termination. If the Project Leader breaches its obligations under this Project Agreement, each party may give written notice to the Project Leader requiring that such breach be remedied within thirty (30) calendar days. If such breach is substantial and is not remedied within that period or is not capable of remedy, the notifying party may inform the Program Steering Committee who may decide to declare the Project Leader to be a Defaulting Party and to decide on the consequences thereof which may include termination and assignment of another party as the Project Leader.
6.3 This Project Agreement or the participation of one or more parties may be suspended or terminated in accordance with the terms of the Horizontal Program Consortium Agreement. If SIM terminates the Horizontal Program Consortium Agreement or a party's participation in the Horizontal Program Consortium Agreement, this Project Agreement shall automatically terminate in respect of the affected party/ies.
6.4 The provisions of Article 4, Article 5 and Article
7.1 shall remain in full force and effect after expiration or termination of this Project Agreement.
Duration, Suspension and Termination. 10.1. Subject to the remainder of this clause this Agreement shall continue for the Initial Term. At the end of the Initial Term, the Parties may agree to extend this Agreement for subsequent periods of 1 (one) year, any such extension shall be recorded in writing and include confirmation of any increases to the Service Charge as advised by Reliance.
10.2. Prior to commencement of the Monitoring Services and any renewal/extension of the Monitoring Services, the Customer shall provide Reliance with all purchase orders required to enable Reliance to invoice the Customer fully for the Monitoring Services. If the Customer fails to provide a purchase order, Reliance shall be entitled to suspend the Monitoring Services in question on giving the Customer not less than 31 (thirty one) days’ notice in writing.
10.3. Either Party shall be entitled to terminate this Agreement in whole or in part by giving the other not less than 3 (three) months’ written notice (such notice shall expire no earlier than the end of the Initial Term).
10.4. Either Party may terminate this Agreement immediately by notice if the other:
(a) commits any material breach of any term of this Agreement and which (in the case of a breach capable of being remedied) has not been remedied within 31 (thirty one) days after receipt of a written notice giving reasonable particulars of the breach and requiring it to be so remedied;
(b) becomes insolvent or makes any voluntary arrangement with its creditors or becomes subject to an administration order;
(c) has a receiver or administrative receiver appointed over any of its assets;
(d) goes into liquidation (other than for the purpose of a solvent amalgamation or reconstruction).
10.5. For the purpose of clause 10.4(a) a breach will be considered capable of remedy if the Party in breach can comply with the provisions in question in all respects.
10.6. On termination of this Agreement by either Party, any outstanding Service Charge for the Initial Term (including any reasonable costs incurred by Reliance in anticipation of the Monitoring Services being provided for the Initial Term and any subsequent extension such as the cost of purchasing BT Redcare services) shall immediately become payable. For the avoidance of doubt, the Service Charge is payable during the termination notice period.
10.7. Any termination of this Agreement shall be without prejudice to any other rights or remedies a Party may be entitled to under this Agreement or at law or any accr...
Duration, Suspension and Termination. This agreement shall commence on the date the last of the Parties signs this agreement and shall continue thereafter unless and until terminated in accordance with this agreement. The agreement or any Order or Orders may be terminated by either Party on written notice to the other Party:
12.5.1 in respect of the agreement, if the other Party commits any material breach of any term of the agreement and, in the case of a material breach capable of remedy, fails to remedy the same within thirty (30) days of a written notice from the other Party giving particulars of the breach and requiring it to be remedied; or
12.5.2 in respect of any Order, if the other Party commits any material breach of any term relating to a specific Order and, in the case of a material breach capable of remedy, fails to remedy the same within thirty (30) days of a written notice from the other Party giving particulars of the breach and requiring it to be remedied; or
12.5.3 in respect of the agreement or any Order, in the circumstances set out in Clause 10.4 (Force Majeure).
12.6.1 the other Party shall make or threatens to make a proposal for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or a proposal for any other composition, scheme or arrangement with (or assignment for the benefit of) its creditors generally; or
12.6.2 the other Party shall suspend or threaten to suspend payment of its debts as they fall due within the meaning of Section 123 of the Insolvency Xxx 0000; or
12.6.3 a trustee, liquidator, receiver, administrator, administrative receiver or similar officer is appointed in respect of all or any part of the business or assets of the other Party; or
12.6.4 a petition is presented (unless it is vexatious or frivolous) or a meeting is convened for the purpose of considering a resolution or other steps are taken for the winding up of the other Party or for the making of an administration order (otherwise than for the purpose of an amalgamation or reconstruction); or
12.6.5 anything analogous to any such event occurs to the other Party in any legal jurisdiction.
Duration, Suspension and Termination. 1. This Agreement shall become effective on the Agreement Date and shall, subject to Article 23 and, Article 26 as well as this Article, continue in full force and effect for an indefinite pe- riod of time, unless in the event that T2S as a whole is terminated by the Eurosystem, in which case the Agreement shall be terminated with a minimum notice period of 365 days.
2. The provisions of this Agreement shall not have any retroactive effect except for Article 4, Article 33 and Article 34, which shall apply retroactively.
3. The [NCB] may unilaterally terminate this Agreement with six months’ prior notice thereof, unless otherwise agreed in this Agreement or between the Eurosystem and the [NCB]. With- out prejudice to paragraph [11] OR [10], the [NCB] shall coordinate all exit activities with its Dedicated Cash Account Holders, so that all necessary arrangements are made when the [NCB] will have exited T2S.
4. Each Party may terminate this Agreement:
(a) if the other Party is in material breach of any provisions of this Agreement and such breach has not been remedied within 90 calendar days of a written warning notice of such breach with immediate effect; or
(b) if the right of termination for cause (Kündigung aus wichtigem Xxxxx), which is not cov- ered by sub-paragraph (a), is provided for under mandatory rules of German statutory law with a notice period of 365 days, except where another notice period is provided by ap- plicable law.
5. If due to a major technical threat to the security or integrity of T2S stemming from the [NCB's] technical connection to or use of T2S, the [NCB] remains unable to perform its obli- gations, and such a threat cannot be resolved by a temporary disconnection of the [NCB] or any of its Dedicated Cash Account Holders in accordance with Schedule 6, the Eurosystem may suspend its obligations under this Agreement immediately. The Eurosystem shall also, to the extent possible, give reasonable prior notice to the [NCB] of the planned suspension, and, to the extent possible, consult the [NCB] prior to the planned suspension or provide all rele- vant information related to the suspension to the [NCB] after the [NCB] has been suspended. A suspension shall be terminated as soon as the reason for suspension has ended.
6. If, due to a Force Majeure event, one of the Parties remains unable to perform its obligations, the other Party may suspend the obligations of this Agreement immediately or, to the extent possible, with reasonable prior...
Duration, Suspension and Termination. 21.1. This Agreement shall, subject to Clauses 21.2 to 21.7 (inclusive), commence on the Commencement Date and continue for the duration of the Initial Term unless terminated in accordance with this Agreement.
21.2. On expiration of the Initial Term, this Agreement will be automatically renewed for successive 1-year periods unless and until it is terminated in accordance with this Agreement.
21.3. Either Party may terminate the whole of this Agreement on giving to the other not less than one hundred and eighty (180) days’ prior written notice of termination PROVIDED THAT such termination may only take effect on the date of expiry of the Initial Term.
21.4. Either the Agreement, Managed Services, or the Services delivered under an Order may be terminated forthwith by notice in writing by either Party: if the other Party commits any material breach of any term of this Agreement or the relevant Order and, in the case of a material breach capable of remedy, fails to remedy the same within thirty days of a written notice from the other Party giving particulars of the breach and requiring it to be remedied; in the circumstances set out in Clause 19.4.
21.5. The Agreement may be terminated by either Party if: the other Party shall make a proposal for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or a proposal for any other composition, scheme or arrangement with (or assignment for the benefit of) its creditors generally or if the other Party shall be unable to pay its debts as they fall due within the meaning of Section 123 of the Insolvency Xxx 0000 or if a trustee, liquidator, receiver, administrator, administrative receiver or similar officer is appointed in respect of all or any part of the business or assets of the other Party or if a petition is presented (unless it is vexatious or frivolous) or a meeting is convened for the purpose of considering a resolution or other steps are taken for the winding up of the other Party or for the making of an administration order (otherwise than for the purpose of an amalgamation or reconstruction) or if anything analogous to any such event occurs to the other Party in any legal jurisdiction.
21.6. Any termination shall be without prejudice to any other rights or remedies a Party may be entitled to hereunder or at law and shall not affect any accrued rights or liabilities of either Party nor the coming into or continuance in force of any provision hereof which is expressly or by implication intended to...
Duration, Suspension and Termination. 1. This Agreement shall become effective on the Agreement Date and shall, subject to 0 and, 0 as well as this Article, continue in full force and effect for an indefinite period of time, unless in the event that T2S as a whole is terminated by the Eurosystem, in which case the Agreement shall be terminated with a minimum notice period of 365 days.
2. The provisions of this Agreement shall not have any retroactive effect except for 0, 0 and 0, which shall apply retroactively.
3. Danmarks Nationalbank may unilaterally terminate this Agreement with six months’ prior notice thereof, unless otherwise agreed in this Agreement or between the Eu- rosystem and Danmarks Nationalbank. Without prejudice to paragraph 10, Danmarks Nationalbank shall coordinate all exit activities with its Dedicated Cash Account Hold- ers, so that all necessary arrangements are made when Danmarks Nationalbank will have exited T2S.
4. Each Party may terminate this Agreement:
(a) if the other Party is in material breach of any provisions of this Agreement and such breach has not been remedied within 90 calendar days of a written warning notice of such breach with immediate effect; or
(b) if the right of termination for cause (Kündigung aus wichtigem Xxxxx), which is not covered by sub-paragraph (a), is provided for under mandatory rules of German statutory law with a notice period of 365 days, except where another notice period is provided by applicable law.
5. If due to a major technical threat to the security or integrity of T2S stemming from Danmarks Nationalbank’s technical connection to or use of T2S, Danmarks National- bank remains unable to perform its obligations, and such a threat cannot be resolved by a temporary disconnection of Danmarks Nationalbank or any of its Dedicated Cash Account Holders in accordance with Schedule 6 (T2S Service Level Agreement), the Eurosystem may suspend its obligations under this Agreement immediately. The Eu- rosystem shall also, to the extent possible, give reasonable prior notice to Danmarks Nationalbank of the planned suspension, and, to the extent possible, consult Xxx- marks Nationalbank prior to the planned suspension or provide all relevant information related to the suspension to Danmarks Nationalbank after Danmarks Nationalbank has been suspended. A suspension shall be terminated as soon as the reason for suspension has ended.
6. If, due to a Force Majeure event, one of the Parties remains unable to perform its obligations, the other Party m...
Duration, Suspension and Termination. 1.8.1. An Agreement will be entered into for the duration as stated therein.
1.8.2. If no specific duration was agreed to in an Agreement, a duration of an indefinite period of time is agreed to, unless the nature of the Agreement dictates otherwise. In the latter case the Agreement itself will stipulate the end of the duration.
1.8.3. If an Agreement was concluded for an indefinite period of time, Client and Oxyma will be entitled to terminate such by registered letter to the other party and subject to three (3) months’ notice. Notice of termination cannot be given before a period of at least one (1) year that the Agreement has been in effect.
1.8.4. If an Agreement regarding services with a continuous character was concluded for a period of one (1) year or longer, such Agreement may be terminated by registered letter to the other party and subject to three (3) months' notice. If notice of termination is not given, the Agreement will, after the lapse of the (initial) duration, be renewed on each occasion by operation of law for a period of one (1) year under the same terms and conditions, yet subject to the provisions set forth in 1.4.7.
1.8.5. Notice of termination can be given only before the end of a calendar month.
1.8.6. Apart from that which is set forth elsewhere in these General Terms and Conditions or in the relevant Agreement, each of the parties is entitled, without the necessity of any demand or notice of default, to dissolve the Agreement in whole or in part out of court by registered letter with immediate effect:
a. If the other party fails to fulfil its obligation and persists therein even after having been given notice of default, whereby a reasonable term has been set to fulfil its obligations, unless a strict deadline is exceeded as a result of which the other party is in default by operation of law and the one party can dissolve the Agreement immediately in accordance with this provision after commencement of the failure;
b. If one of the Parties is in a situation of Discontinuity.
1.8.7. If at the time of dissolution of an Agreement parties have already carried out and received services in execution thereof, such services and the relating obligations to pay shall not be the subject of undoing.
1.8.8. If Client fails to fulfil or is late in fulfilling any obligation arising from an Agreement, or if valid ground exists to fear that Client will not be capable of fulfilling any obligation arising from the Agreement, Oxyma will be entitled ...
Duration, Suspension and Termination. 21.1 This Agreement shall, subject to Clauses 21.2 to 21.7 (inclusive), commence on the Commencement Date and continue for the duration of the Initial Term unless terminated in accordance with this Agreement.
