SUSPENDED PAYMENTS. In the event the foregoing conditions in Section I cannot be satisfied, the Payment shall be suspended. The Company agrees that if its obligation to make a Payment is Suspended in whole or in part for a period of two years, the Company will, unless otherwise directed in writing by the Lender, thereupon commence a rapid and orderly complete liquidation of its business. The date on which the liquidation commences shall be the maturity date for the balance owed on the Credit Line.
SUSPENDED PAYMENTS. Subject to Clause 39(a), in the event of you or a person(s) nominated in accordance with Clause 40, being involuntarily unemployed within the meaning of Clause 37(b) or in the event of Business Interruption within the meaning of Clause 37(e), you may, instead of seeking a Release under Clause 37, elect to have payment of Lease Payments suspended until a period of 3 months has elapsed from FlexiGroup having notified you it has accepted that your notification of the Event entitles you to a Release (“Suspended Payments”). In the event you elect for Suspended Payments, rather than a Release, FlexiGroup will waive the application of Clause 39(b).Following expiration of the 3 month period, you may elect to seek a Release under Clause 37, in which case the administration fee becomes payable in accordance with Clause 39(b) or in the event you choose not to seek a Release under Clause 37, the remaining Lease Payments will be adjusted to allow for the Suspended Payments.
SUSPENDED PAYMENTS. DEPARTMENT may withhold payments, in whole or in part, upon receipt of reliable evidence of fraud or willful misrepresentation as specified in 42 CFR section 455.23. DEPARTMENT shall fully document the reliable evidence it evaluated in making a decision to withhold payment. If DEPARTMENT has evidence of fraud or willful misrepresentation on the part of PROVIDER, DEPARTMENT may notify PROVIDER of the temporary suspension of this agreement. If PROVIDER has been notified of the temporary suspension of this agreement, PROVIDER may not xxxx for services rendered to eligible individuals during the period of the suspension.
SUSPENDED PAYMENTS. If the Trustee discontinues payments of Supplemental Benefits from the Trust pursuant to Section 3.3 and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments which would have been made to the Trust Beneficiaries in accordance with the Supplemental Plans during the period of such discontinuance, unless the Company otherwise directs.
