Common use of Effect of a Suspension Notice served by the Beneficiary Clause in Contracts

Effect of a Suspension Notice served by the Beneficiary. Where the Beneficiary has served a Suspension Notice on the Depot Facility Owner: (a) it shall have the effect of suspending the permission to use the Depot and the provision of the Beneficiary Depot Services to the extent specified in such Suspension Notice; (b) the Suspension Notice shall remain in full force and effect until it has been revoked either in whole or in part by notice from the Beneficiary to the Depot Facility Owner pursuant to Clause 6.3.5(d); and (c) without prejudice to the Beneficiary's rights under Clause 8, the Beneficiary shall not be obliged to pay the Access Charge in respect of such Beneficiary Depot Services.

Appears in 7 contracts

Samples: Depot Access Agreement, Depot Access Agreement, Depot Access Agreement

AutoNDA by SimpleDocs

Effect of a Suspension Notice served by the Beneficiary. Where the Beneficiary has served a Suspension Notice on the Depot Facility Owner: (a) it shall have the effect of suspending the permission to use the Depot and the provision of the Beneficiary Depot Services to the extent specified in such Suspension Notice; (b) the Suspension Notice shall remain in full force and effect until it has been revoked either in whole or in part by notice from the Beneficiary to the Depot Facility Owner pursuant to Clause 6.3.5(d7.3.5(d); and (c) without prejudice to the Beneficiary's rights under Clause 8, the Beneficiary shall not be obliged to pay the Access Charge in respect of such Beneficiary Depot Services.

Appears in 1 contract

Samples: Depot Access Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!