Permanent Suspension Sample Clauses
The Permanent Suspension clause establishes the right to indefinitely halt or discontinue a service, activity, or contractual obligation. In practice, this clause may be invoked if ongoing performance becomes impossible, impractical, or undesirable due to specific circumstances such as regulatory changes, persistent breaches, or force majeure events. Its core function is to provide a clear mechanism for ending obligations without the need for termination of the entire agreement, thereby managing risk and clarifying the parties' rights in situations where resumption is not feasible.
Permanent Suspension. Permanent suspension is reserved for extraordinary circumstances such as when a student's conduct poses a life-threatening danger to the safety and well-being of other students, school personnel or any other person lawfully on school property or attending a school function.
Permanent Suspension. The Operator, at the direction of the Management Committee, may at any time following a period of at least one year during which operations have been continuously suspended under §10.7, by notice to all Participants holding greater than a 25% Interest, request their agreement to a permanent termination of operations. Within 90 days after receipt of that notice, each of such Participants may give notice to the Operator stating that it agrees to the request of the Operator or that it does not agree. If a Participant fails to give notice within that 90 day period, it shall be deemed to have agreed to the request of the Operator. If one or more Participants holding greater than a 25% Interest gives notice that it does not agree to a permanent termination of operations, the Management Committee may elect to have the Operator resume operations or replace the Operator with another Participant (the objecting Participants deciding amongst themselves who shall be the Operator), in which case that Participant shall become the new Operator and shall resume operations. If the Operator has not resumed operations within one year after the end of the 90 day period, the Management Committee shall cause the Operator to remove, sell and dispose of the Assets other than timbers and structures affixed to the underground workings and shafts of the mine as may be removed pursuant to applicable environmental and mining laws. The net revenues shall be divided among Participants in proportion to their respective Interests.