Common use of Suspension of Manager’s Authority Clause in Contracts

Suspension of Manager’s Authority. 15.1 In lieu of terminating this Agreement, Company may give written notice to Manager that Company is immediately suspending Manager’s authority in its entirety or in any particular state to bind new or renewal business, change any existing Policy and/or settle any claim during the pendency of any of the following events: a. Manager is delinquent in payment of any monies due Company; b. Any dispute exists between Manager and Company regarding the existence of any of the events listed in Section 14.2; 15.2 Such suspension shall remain in effect until such delinquency is cured or dispute is resolved and Manager receives written notification from Company to that effect. If such delinquency is not cured within fifteen (15) days from the date of receipt of written notification by Manager of such delinquency, Company may exercise its right to terminate this Agreement under Section 14.2. 15.3 Unless otherwise notified in writing to the contrary by Company, Manager’s obligation under this Agreement shall continue during the suspension of Manager’s authority under this Agreement. 15.4 Any notice of suspension issued pursuant to this Section shall be effective immediately.

Suspension of Manager’s Authority. 15.1 In lieu of terminating this Agreement, Company may give written notice to Manager that Company is immediately suspending Manager’s 's authority in its entirety or in any particular state to bind new or renewal business, change any existing Policy and/or settle any claim during the pendency of any of the following events: a. Manager is delinquent in payment of any monies due Company; b. Any dispute exists between Manager and Company regarding the existence of any of the events listed in Section 14.2; 15.2 Such suspension shall remain in effect until such delinquency is cured or dispute is resolved and Manager receives written notification from Company to that effect. If such delinquency is not cured within fifteen (15) days from the date of receipt of written notification by Manager of such delinquency, Company may exercise its right to terminate this Agreement under Section 14.2. 15.3 Unless otherwise notified in writing to the contrary by Company, Manager’s 's obligation under this Agreement shall continue during the suspension of Manager’s 's authority under this Agreement. 15.4 Any notice of suspension issued pursuant to this Section shall be effective immediately.

Suspension of Manager’s Authority. 15.1 10.1 In lieu of terminating this Agreement, Company may give written notice to Manager that Company is immediately suspending Manager’s authority in its entirety or in any particular state to bind new or renewal business, change any existing Policy and/or settle any claim during the pendency of any of the following events: a. 10.1.1 Manager is delinquent in payment of any monies due Company; b. 10.1.2 Any dispute exists between Manager and Company regarding the existence of any of the events listed in Section 14.210.2; 15.2 10.1.3 Such suspension shall remain in effect until such delinquency is cured or dispute is resolved and Manager receives written notification from Company to that effect. If such delinquency is not cured within fifteen (15) days from the date of receipt of written notification by Manager of such delinquency, Company may exercise its right to terminate this Agreement under Section 14.210.2. 15.3 10.2 Unless otherwise notified in writing to the contrary by Company, Manager’s obligation under this Agreement shall continue during the suspension of Manager’s authority under this Agreement. 15.4 10.3 Any notice of suspension issued pursuant to this Section shall be effective immediately.