Rights Suspended Sample Clauses

The 'Rights Suspended' clause allows one party to temporarily halt or withhold certain rights or benefits that would otherwise be available under the agreement, typically in response to a breach or specific triggering event by the other party. For example, if a customer fails to make timely payments, the service provider may suspend access to services or products until the issue is resolved. This clause serves to protect the non-breaching party by providing leverage to enforce compliance and ensuring that obligations are met before full rights are restored.
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Rights Suspended. (a) If there is a Defaulting Shareholder, then (despite any provision of this Agreement, the Constitutional Documents or Applicable Law) from the date of the Default Notice until the earlier of (A) the Defaulting Shareholder curing its default, (B) if applicable, the Non-Defaulting Shareholders providing a Shortfall Loan for the full amount of the Funding Default, and (C) the Buyers having completed the purchase of the Defaulting Shareholder's Interest under Section 8.4 (the "Default Period"), the Defaulting Shareholder has no right, in respect of any Group Company, to: (i) call or attend Shareholder, Board or subcommittee meetings; (ii) vote on any matter coming before the Shareholders, the Board or any subcommittee; (iii) have access to any data or information relating to any operations, including pursuant to Section 5.5, and including any draft Annual Business Plan and Budget under Article 5; (iv) dispute or participate in the determination of the Conversion Price under Section 6.9; (v) purchase a Shortfall Loan under Section 6.10; (vi) be paid its Deferred Balance under Section 7.2(b); (vii) consent to or reject any Transfer or otherwise exercise any other rights with respect to Transfers or a Change in Control under Article 9; (viii) take assignment of any portion of another Shareholder's Interest, exercise a ROFR Option under Section 9.5, send a Drag-Along Notice under Section 9.6 or accept an Offer to tag-along under Sections 9.5 and 9.7; (ix) be offered or issued any further Common Shares; (x) nominate an observer to the Board under Section 4.1(c) or exercise any of the rights given to an observer hereunder; (xi) provide additional Required Funding or Shortfall Funding; or (xii) except in a liquidation of the Company, receive any interest, dividend or other payment from the Company including any Regular Distribution. (b) During the Default Period, the Defaulting Shareholder may not Transfer all or part of its Interest, except to Non-Defaulting Shareholders under Section 8.4. (c) Despite any other provisions in this Agreement, the Constitutional Documents or Applicable Law, during the Default Period: (i) the Defaulting Shareholder shall immediately remove its nominees under Section 4.1(d) and the Non-Defaulting Shareholders shall redetermine their nomination rights under Section 4.1(d) with each Non-Defaulting Shareholder having a deemed Percentage Interest equal to the ratio such Non-Defaulting Shareholder's Percentage Interest bears to the total P...
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Rights Suspended. Each Guaranteeing Subsidiary shall in respect of any sums paid by it, and in respect of any other rights which may accrue howsoever to it in respect of any sum so paid, rank and be entitled to enforce the same only after the Deposits shall have been duly paid and satisfied.
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Rights Suspended the rights attaching to the Key Person's Shares (including dividend and distribution rights in relation to the Shares, and the rights to attend and vote at general meetings of Shareholders and to receive information and documents) are suspended until those Shares have been acquired by the Company or as directed by the Company.
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Rights Suspended. The provisions of Subclauses 5.01 and 5.03 shall be suspended where the Grantor is drilling a well to obtain information to assist it in bidding for lands posted for sale by any governmental authority, until such sale is completed.
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Rights Suspended the voting rights attaching to the Founder's Shares (including the rights to attend and vote at general meetings of Shareholders) and its shareholder rights to receive information and documents are suspended until those Shares have been acquired by the Company or as directed by the Company.
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Related to Rights Suspended

  • Post Suspension 1. Without prejudice to the procedures in Article 190 (Examination of the Benefit Suspension Level), if the Party complained against considers that it has eliminated the non-conformity that the Panel has found, it may provide written notice to the complaining Party with a description of how non-conformity has been removed. If the complaining Party has disagreement, it may refer the matter to the original Panel within 60 days after receipt of such written notice. Otherwise, the complaining Party shall promptly stop the suspension of benefits. 2. The Panel shall release its report within 60 days after the referral of the matter. If the Panel concludes that the Party complained against has eliminated the non-conformity, the complaining Party shall promptly stop the suspension of benefits.

  • DISCHARGE AND SUSPENSION A. A suspended or discharged seniority employee will be allowed to discuss his/her suspension or discharge with the President or Vice President. The Board will allow the discussion before the employee is required to leave the property of the Board. If the President or Vice President is not available during the discharged employee’s shift, the employee may meet with the President or Vice President on Board property up to twenty-four hours after the end of his/her shift. Nothing contained herein, however, shall prevent the Board from requiring the summary removal of the offending employee if it appears that the safety of any person, property, or the maintenance of order requires such summary removal. The President or Vice President will not allow other employees to become involved in the discussion. Upon request of the Association, the Board’s designated representative will discuss the suspension with the Association representative and the employee. B. Grievances protesting the discharge or suspension will commence at Step Two and must be filed within three (3) working days after the action was taken. Failure to abide by this time limit shall be construed as a waiver, by both the Association and the employee involved, of any protest of the action. If a seniority employee is notified that he/she will be suspended, the suspension will not take effect, if a timely grievance has been filed, until after the third (3) step of the grievance procedure, unless the Board deems it is necessary to immediately suspend for maintenance of order, safety of person(s) or property. C. Any award of back wages shall be limited to the amount of wages that the employee would otherwise have earned, less any compensation that he/she may have received from any source during the period of back pay. D. The Board has the right to discharge for just cause. No seniority bargaining unit member shall be disciplined without just cause. E. The Board agrees, when suspending or discharging an employee, to notify, in writing, the employee and the Association, including the UniServ Director. F. In imposing discipline on a current charge, the Board will not take into account prior infractions which occurred more than two (2) years previously, nor impose discipline on an employee for inadvertent errors or mistakes on his/her employment application, after a period of one year from his/her date of seniority, except in cases of felony convictions.

  • Debarment and Suspension A. The Contractor certifies by entering into this Contract that neither it nor its principals nor any of its subcontractors are presently debarred, suspended, proposed for debarment, declared ineligible or voluntarily excluded from entering into this Contract by any federal agency or by any department, agency or political subdivision of the State of Indiana. The term “principal” for purposes of this Contract means an officer, director, owner, partner, key employee or other person with primary management or supervisory responsibilities, or a person who has a critical influence on or substantive control over the operations of the Contractor. B. The Contractor certifies that it has verified the state and federal suspension and debarment status for all subcontractors receiving funds under this Contract and shall be solely responsible for any recoupment, penalties or costs that might arise from use of a suspended or debarred subcontractor. The Contractor shall immediately notify the State if any subcontractor becomes debarred or suspended, and shall, at the State’s request, take all steps required by the State to terminate its contractual relationship with the subcontractor for work to be performed under this Contract.

  • Termination; Suspension (a) Either Party may terminate this Compact without cause in its entirety by giving the other Party thirty (30) days’ prior written notice. MCC may also terminate this Compact or MCC Funding without cause in part by giving the Government thirty (30) days’ prior written notice. (b) MCC may, immediately, upon written notice to the Government, suspend or terminate this Compact or MCC Funding, in whole or in part, and any obligation related thereto, if MCC determines that any circumstance identified by MCC, as a basis for suspension or termination (as notified to the Government in writing) has occurred, which circumstances include but are not limited to the following: (i) the Government fails to comply with its obligations under this Compact or any other agreement or arrangement entered into by the Government in connection with this Compact or the Program; (ii) an event or series of events has occurred that makes it probable that the Program Objectives or any of the Project Objectives will not be achieved during the Compact Term or that the Government will not be able to perform its obligations under this Compact; (iii) a use of MCC Funding or continued implementation of this Compact or the Program violates applicable law or United States Government policy, whether now or hereafter in effect; (iv) the Government or any other person or entity receiving MCC Funding or using Program Assets is engaged in activities that are contrary to the national security interests of the United States; (v) an act has been committed or an omission or an event has occurred that would render Benin ineligible to receive United States economic assistance under Part I of the Foreign Assistance Act of 1961, as amended (22 U.S.C. 2151 et seq.), by reason of the application of any provision of such act or any other provision of law; (vi) the Government has engaged in a pattern of actions inconsistent with the criteria used to determine the eligibility of Benin for assistance under the MCA Act; and (vii) the Government or another person or entity receiving MCC Funding or using Program Assets is found to have been convicted of a narcotics offense or to have been engaged in drug trafficking.

  • No Suspension Trading in the Common Stock shall not have been suspended on the Exchange and the Common Stock shall not have been delisted from the Exchange.