Common use of Right to suspend Clause in Contracts

Right to suspend. (a) The Station Facility Owner may serve a Suspension Notice where a Beneficiary Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy. (b) The Beneficiary may serve a Suspension Notice where a Station Facility Owner Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy.

Appears in 41 contracts

Samples: Station Access Agreement, Station Access Agreement, Station Access Agreement

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Right to suspend. (a) The Station Depot Facility Owner may serve a Suspension Notice where a Beneficiary Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy. (b) The Beneficiary may serve a Suspension Notice where a Station Depot Facility Owner Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy.

Appears in 6 contracts

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

Right to suspend. (a) The Station Facility Owner may serve a Suspension Notice where a Beneficiary Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy. (b) The Beneficiary may serve a Suspension Notice where a Station Facility Owner Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy.

Appears in 2 contracts

Samples: Station Access Agreement, Station Access Agreement

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Right to suspend. (ai) The Station Facility Owner may serve a Suspension Notice where a Beneficiary Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy.remedy.‌ (bii) The Beneficiary may serve a Suspension Notice where a Station Facility Owner Event of Default has occurred and is continuing, provided the relevant Event of Default is reasonably capable of remedy.

Appears in 1 contract

Samples: Station Access Agreement

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