Effect of Suspension Notice Sample Clauses

Effect of Suspension Notice a) If the State gives a Suspension Notice to the Grantee under clause 9.2: i. the Grantee must continue to comply with its obligations under this Agreement; and ii. the Suspension Notice continues until either: A. the Grantee has remedied the Suspension Event stated in the Suspension Notice to the satisfaction of the State and the State gives a written notice of withdrawal of the Suspension Notice to the Grantee, evidencing that the State is satisfied the Suspension Event has been remedied; or B. the Grantee has not remedied the Suspension Event as stated in the Suspension Notice to the satisfaction of the State and the State terminates this Agreement in accordance with clause 9.6.
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Effect of Suspension Notice. Where the Authority has served a Suspension Notice on the Operator: (a) the Operator shall comply with any restrictions and the other requirements imposed on it by the Suspension Notice; (b) the Suspension Notice shall remain in full force and effect in accordance with its terms until it has been revoked either in whole or in part by notice from the Authority to the Operator under clause 10.6(c) (Revocation of Suspension). (c) in respect of a Suspension Notice pursuant to clause 10.2(a) (Right to Suspend Network Licence), the Authority and the Operator shall use all reasonable endeavours to agree any matters consequent on the works or maintenance or repair or renewal or replacement of the Authority Network Assets (or any of them) by the Authority.
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Effect of Suspension Notice served by HS1 Ltd (a) the Train Operator shall comply with any reasonable restrictions imposed on it by the Suspension Notice; (b) the Suspension Notice shall remain in full force and effect in accordance with its terms until it has been revoked either in whole or in part by notice from HS1 Ltd to the Train Operator under paragraph 2.5(d); (c) service of the Suspension Notice shall not affect the Train Operator's continuing obligation to pay the Track Charges; and (d) service of the Suspension Notice shall not affect the Train Operator's Firm Rights (as defined in Schedule 5 to the Contract) for the purposes of Part D of the HS1 Network Code.
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Effect of Suspension Notice served by the CVL IM (A) the Train Operator shall comply with any reasonable restrictions imposed on it by the Suspension Notice; (B) the Suspension Notice shall remain in full force and effect in accordance with its terms until it is revoked either in whole or in part by notice from the CVL IM to the Train Operator pursuant to Clause 11.5(C); (C) service of the Suspension Notice shall not affect the Train Operator's continuing obligation to pay the Track Charges; and (D) service of the Suspension Notice shall not affect the Train Operator’s entitlement to participate in any bidding process provided for in Part D of the CVL Network Code.
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Effect of Suspension Notice served by the Train Operator (A) it shall have the effect of suspending the Train Operator's permission to use the CVL to provide the Services to the extent specified in the Suspension Notice; (B) in relation to Services suspended as specified in the Suspension Notice, the amount of the Track Charge shall be abated on a daily basis by an amount equal to the formula: where: X is the total Track Charge payable by the Train Operator in respect of the day in question; Y is the total number of Contract Services to which the Train Operator is entitled on the day in question; and Z is the total number of Contract Services, the subject of the Suspension Notice, for the day in question. The Train Operator shall not be entitled to any other payment (whether pursuant to Schedule 8 or otherwise) in respect of the suspended Services; (C) the Suspension Notice shall remain in full force and effect in accordance with its terms until it is revoked either in whole or in part by notice from the Train Operator to the CVL IM pursuant to Clause 11.5(C); and (D) the service of the Suspension Notice shall not affect the Train Operator’s entitlement to participate in any bidding process provided for in Part D of the CVL Network Code.
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Related to Effect of Suspension Notice

  • Effect of Suspension You must pay all applicable fees incurred before and during any suspension. You will not be entitled to any service credits under an applicable Service Level Agreement or Service Level Objective during any suspension.

  • EFFECT OF SUSPENSION IN TRADING In the event that on the scheduled Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Acquiring Fund or the Acquired Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquiring Fund or the Acquired Fund is impracticable, the Closing Date shall be postponed until the first business day after the day when trading is fully resumed and reporting is restored.

  • Revocation of Suspension 22.3.1 In the event that the Authority shall have rectified or removed the cause of Suspension within a period not exceeding 60 (sixty) days from the date of Suspension, it shall revoke the Suspension forthwith and restore all rights of the Contractor under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Authority may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder. 22.3.2 Upon the Contractor having cured the Contractor Default within a period not exceeding 60 (sixty) days from the date of Suspension, the Authority shall revoke the Suspension forthwith and restore all rights of the Contractor under this Agreement.

  • Notice of Suspension The importer and the applicant shall be promptly notified of the suspension of the release of goods according to Article 51.

  • Additional Event of Suspension Section 4.01. Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely, that a situation has arisen which shall make it improbable that the Program, or a significant part thereof, will be carried out.

  • Notice and Effect of Material Events The Company will immediately notify each Initial Purchaser, and confirm such notice in writing, of (x) any filing made by the Company of information relating to the offering of the Securities with any securities exchange or any other regulatory body in the United States or any other jurisdiction, and (y) prior to the completion of the placement of the Securities by the Initial Purchasers as evidenced by a notice in writing from the Initial Purchasers to the Company, any material changes in or affecting the condition, financial or otherwise, or the earnings, business affairs or business prospects of the Company and its subsidiaries which (i) make any statement in the Final Offering Memorandum (as amended or supplemented) false or misleading or (ii) are not disclosed in the Final Offering Memorandum (as amended or supplemented). In such event or if during such time any event shall occur as a result of which it is necessary, in the reasonable opinion of any of the Company, its counsel, the Initial Purchasers or counsel for the Initial Purchasers, to amend or supplement the Final Offering Memorandum in order that the Final Offering Memorandum not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances then existing, the Company will forthwith amend or supplement the Final Offering Memorandum by preparing and furnishing to each Initial Purchaser an amendment or amendments of, or a supplement or supplements to, the Final Offering Memorandum (in form and substance satisfactory in the reasonable opinion of counsel for the Initial Purchasers) so that, as so amended or supplemented, the Final Offering Memorandum will not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at the time it is delivered to a Subsequent Purchaser, not misleading.

  • No Suspension of Remedies Nothing contained in this Article shall limit the right of the Trustee or the Holders of Securities to take any action to accelerate the maturity of the Securities pursuant to Article Five of this Indenture or to pursue any rights or remedies hereunder or under applicable law, subject to the rights, if any, under this Article of the holders, from time to time, of Senior Indebtedness to receive the cash, property or securities receivable upon the exercise of such rights or remedies.

  • Waiver of Past Default Subject to Section 6.8, the Holder or Holders of not less than a majority in aggregate principal amount of the outstanding Securities may, on behalf of all Holders, prior to the declaration of the acceleration of the maturity of the Securities, waive any past default hereunder and its consequences, except a default (A) in the payment of the principal of, premium, if any, or interest on, any Security as specified in clauses (1) and (2) of Section 6.1, or (B) in respect of a covenant or provision hereof which, under Article IX, cannot be modified or amended without the consent of the Holder of each outstanding Security affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair the exercise of any right arising therefrom.

  • Effect of Withdrawal The Company shall not be dissolved by the dissolution or other event of withdrawal of a Member if any Member remains to carry on the business of the Company.

  • Effect of Notice Any notice given by the indemnifying Party to an Indemnified Party referred to in Sections 12.1(c) or 12.2(d) above of participation in or control of any action by the indemnifying Party will in no event be deemed to be an admission by the indemnifying Party of liability, culpability or responsibility, and the indemnifying Party will remain free to contest liability with respect to the claim among the Parties or otherwise.

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