Common use of Suspension by Viterra Clause in Contracts

Suspension by Viterra. (a) Viterra may suspend this Agreement immediately upon giving a Suspension Notice to the Client if: (i) the Client fails to pay any amount that is due and payable under this Agreement and does not rectify that default within 10 Business Days; (ii) the Client commits a serious or persistent breach or breaches of any terms of this Agreement which are not remedied within 20 Business Days of receiving notice of the relevant breach or breaches from Viterra; (iii) the Client fails to provide Credit Support in accordance with a request by Viterra under this Agreement and does not provide the Credit Support within 10 Business Days of that request; or (iv) the Client fails to follow a direction of Viterra made reasonably and lawfully and a material adverse consequence arises, or is likely to arise, from the failure to follow that direction. (b) If Viterra elects to suspend this Agreement under clause 17.2(a), the Client is still obliged to pay the applicable Charges during the period of suspension.

Suspension by Viterra. (a) Viterra may suspend this Agreement immediately upon giving a Suspension Notice to the Client if: (i) the Client fails to pay any amount that is due and payable under this Agreement and does not rectify that default within 10 Business Days; (ii) the Client commits a serious or persistent breach or breaches of any terms of this Agreement which are not remedied within 20 Business Days of receiving notice of the relevant breach or breaches from Viterra; (iii) the Client fails to provide Credit Support in accordance with a request by Viterra under this Agreement and does not provide the Credit Support within 10 Business Days of that request; or (iv) the Client fails to follow a direction of Viterra Xxxxxxx made reasonably and lawfully and a material adverse consequence arises, or is likely to arise, from the failure to follow that direction. (b) If Viterra elects to suspend this Agreement under clause 17.2(a15.2(a), the Client is still obliged to pay the applicable Charges during the period of suspension.

Suspension by Viterra. (a) Viterra may suspend this Agreement immediately upon giving a Suspension Notice to the Client if: (i) the Client fails to pay any amount that is due and payable under this Agreement and does not rectify that default within 10 Business Days; (ii) the Client commits a serious or persistent breach or breaches of any terms of this Agreement which are not remedied within 20 Business Days of receiving notice of the relevant breach or breaches from Viterra; (iii) the Client fails to provide Credit Support in accordance with a request by Viterra under this Agreement and does not provide the Credit Support within 10 Business Days of that requestDays; or (iv) the Client fails to follow a direction of Viterra made reasonably and lawfully and a material adverse consequence arises, or is likely to arise, from the failure to follow that direction. (b) If Viterra elects to suspend this Agreement under clause 17.2(a), the Client is still obliged to pay the applicable Charges during the period of suspension.