Suspension or Termination of the Agreement Sample Clauses

Suspension or Termination of the Agreement. 6.1. The Principal may at any time suspend execution of the Agreement or part of it. In the event that the Agreement was suspended and later continued, the execution period of the Agreement shall be prolonged by a period agreed by the parties. Failing such agreement, a maximum extension equal to the suspended period shall apply. The Contractor undertakes to respect the new period of execution agreed in this way. 6.2. If the Contractor falls short in the fulfilment of any obligation resting upon him, including inter alia failure to respect laws, ordinances or regulations of any kind, or failure to respect contractual stipulations, the Principal is entitled to disband the agreement out of court to the detriment of the Contractor, subject to prior written notice of default and without owing any compensation, on any account. In aforementioned case the Contractor shall compensate any and all damage having a causal connection to his fault(s), as well as, as additional compensation, all costs incurred by the Principal, including all reasonable extra-legal costs incurred. 6.3. The Principal may disband the agreement with immediate effect and without prior notice of default to the detriment of the Contractor in the event of bankruptcy, suspension of payment, liquidation of the Contractor, loss of the contractor’s registration number, non- payment of the Sub-contractors, without being obliged to pay any form of compensation. The Contractor is obliged to compensate all damage and costs, which the Principal suffers as a consequence of this. In these cases all claims, which the Principal may have or obtain against the Contractor, shall be immediately due in full. 6.4. The Principal has the right to cancel the agreement in writing at any time, unilaterally, with a notice period of 14 days, without having to give any reason. The Contractor has no right to payment of costs made after the actual notice period, unless he can demonstrate that these were made within the scope of fulfilling the commitments entered into before the notice was served upon him. The cost price for partially completed parts of the work shall be calculated on the basis of hourly tariffs or unit prices. In the case of a fixed price, the cost price shall be calculated proportionately. The Principal is in no way obliged to pay a sum of compensation as the result of damage or loss of expected profit as a result of such termination of the contract. 6.5. In the event of termination of the agreement the Con...
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Suspension or Termination of the Agreement. Termination or suspension of this Agreement Either party may terminate this Agreement by giving one month’s prior written notice. SCP may, without prejudice to its other rights, suspend or terminate this Agreement with immediate effect by written notice to the Partner where: the Partner, either directly or through its staff, representatives, or through a third party, breaches any of its obligations under this Agreement including without limitation any breach of the Donor Conditions and the other annexes and fails to remedy such breach within 15 days of being notified by SCP; for any reason, the Partner is unable to continue with the implementation of the Project under the terms and conditions of this Agreement including its annexes; direct or indirect publicity concerning the Partner materially adversely prejudices the activities of SCP, the Donor or the Partner; there is misuse or misappropriation of Project funds or assets, or any fraud or safeguarding or other acts in connection with the Project which may bring SCP into disrepute or is materially adverse to the interests of SCP; it is required in order to comply with applicable laws, requirements of regulatory authorities or judgment of any court of competent jurisdiction; or such termination or suspension is in accordance with the Donor Conditions. Alteration, suspension or termination of the Donor Agreement In the event that the Donor Agreement is altered, terminated or suspended by the Donor, SCP may, at its sole discretion, alter, terminate or suspend this Agreement with immediate effect at any time by written notice to the Partner, giving such reason(s) as it is aware for such alteration, termination or suspension. Where this Agreement has been altered, terminated or suspended pursuant to Clause 22.2(a), the Partner shall take such steps as are necessary to alter, suspend or terminate the activities provided for under this Agreement, (including altering, suspending or terminating any sub-contracts) in a timely and orderly manner, as agreed with SCP, and shall minimise any further expenditure in the case of termination or suspension of this Agreement. If this Agreement is terminated under this Clause 22: The Partner shall: stop Project activities and take all reasonable steps to preserve and protect all work produced to date and comply with instructions from SCP in relation to these activities; provide, without delay, an account reconciliation of award-funded expenditure up to the date of terminatio...
Suspension or Termination of the Agreement. AND OWNER’S RIGHT TO PERFORM CONTRACTOR’S RESPONSIBILITIES 13.1.1 The Owner may terminate or default the Contractor upon actual or anticipated, persistent or repeated occurrence of, or failure to, correct any one or more of the following: .1 If the Contractor fails to supply, or fails to cause to supply, sufficient skilled architect/engineers, xxxxxxx or suitable materials or equipment required for the timely and proper progress and/or completion of the Work; .2 If the Contractor, upon payment by the Owner, fails to make prompt payment to architect/engineers, subcontractors or suppliers at any tier, for materials, labor or equipment due, or approved in the Application for Payment, in accordance with the respective agreements between the Contractor, architect/engineers and the subcontractors; .3 If the Contractor fails to comply with laws, ordinances, rules, codes, regulations, orders or similar requirements of any public entity having jurisdiction or specified by this Contract; .4 If the Contractor refuses or fails to prosecute the work, or any separable part, with such diligence as will ensure its completion within the agreed upon time; or if the Contractor fails to produce and pursue the required recovery schedules; or if the Contractor fails to complete the Work within contract dates of Substantial or Final Completion; .5 If the Contractor fails to follow any reasonable instruction by the Owner; .6 If the Contractor performs Work that deviates from the Contract Documents, or fails to remove, replace or repair improper or inadequate Work when directed by the architect/engineer or Owner; .7 If the Contractor fails to obtain or maintain required bonds, insurance, licenses or permits; .8 If the Contractor has repeated or excessive safety violations, whether officially reported or not, or fails to remedy serious safety violations; .9 If the Contractor otherwise breeches or violates in any material way any provision or requirements of these Contact Documents or of any other contract between the Owner and Contractor. 13.1.2 Once the Owner determines that sufficient cause exists, the Owner may terminate or default the Contract without prejudice to any other right or remedy the Owner may have in the Contract Documents or in law. Once the Owner determines that sufficient cause exists, the Owner may terminate or default the Contract after giving the Contractor and its surety notice by issuing a written Declaration of Default. If Contractor fails to cure, or demons...
Suspension or Termination of the Agreement. 1. Both Parties may negotiate to suspend or terminate this Agreement. 2. In case of having no product in the system account, Party B may cancel its account, and Party A shall stop providing Party B with the services upon the cancellation of such account, in which case, this Agreement shall automatically terminate. 3. Party A shall have the right to suspend or terminate this Agreement in any of the following circumstances: (1) Where Party B has no civil capacity to carry out the business under this Agreement any longer due to its dissolution, bankruptcy, cancellation or for other reasons; (2) Where Party B does not have the corresponding business qualifications any longer; (3) Where Party A cannot provide the services as specified herein due to its dissolution, bankruptcy, cancellation or for other reasons; (4) Where Party B violates this Agreement and/or other agreements with Party A; (5) Where Party B violates relevant laws and regulations, and self-disciplinary standard documents of NAFMII and the operating procedures of the NAFMII Platform; or (6) Other circumstances specified by relevant laws and regulations or agreed by both Parties. 4. Upon the occurrence of any circumstances under which Party A has the right to suspend or terminate relevant services, Party B shall continue performing its obligations under the business that has been conducted before such suspension or termination after Party A suspends or terminates its services to Party B, including without limitation to making settlement of various expenses payable to Party A. 5. Termination of this Agreement does not affect any rights Party B enjoys before the date of termination, nor eliminate any legal consequences generated from the business that has been conducted before the termination.
Suspension or Termination of the Agreement. The Agreement may be terminated by either party forthwith in the event that: there is no University programme currently being administered pursuant to this Agreement; or the Validation of the University programme operating under this Agreement is withdrawn by the University in its sole and absolute discretion; The Agreement may be terminated by a party forthwith in the event that: The other party has offered, given, agreed to give or accepted from any person any hospitality, gift, consideration or benefit of any kind, which constitute illegal or corrupt practice in relation to this collaboration, as defined by the UK Xxxxxxx Xxx 0000; An order is made or a resolution is passed for the winding up of the other party or an order is made for the appointment of an administrator to manage the affairs, business and property of the other party or a receiver and/or manager or administrative receiver is validly appointed in respect of all or any of the other party’s assets or undertaking or circumstances arise which entitle the Court or a creditor to appoint a receiver and/or manager or administrative receiver or which entitle the Court to make a winding-up or bankruptcy order or the other party. takes or suffers any similar or analogous action in consequence of debt; The other party misrepresents the relationship between the parties; or A change of control of the other party occurs, where control means the ability to direct the affairs of the institution by virtue of statute, contract or otherwise. The other party ceases to comply with its Due Diligence requirements. On a material breach of this Agreement, the party not in breach may serve a notice on the party in breach requiring the breach to be remedied (if capable of remedy) within a period specified in the notice, not being longer than thirty (30) days. If the breach has not been remedied by the date of the expiry of the notice, the party not in breach may then terminate the Agreement immediately. The Agreement may be terminated by either party giving at least one year's written notice to the other party addressed to the Chief Executive.
Suspension or Termination of the Agreement 

Related to Suspension or Termination of the Agreement

  • Suspension or Termination In accordance with 24 CFR 85.43, the Grantee may suspend or terminate this Agreement if the Recipient materially fails to comply with any terms of this Agreement, which include (but are not limited to), the following: 1. Failure to comply with any of the rules, regulations or provisions referred to herein, or such statutes, regulations, executive orders, and HUD guidelines, policies or directives as may become applicable at any time; 2. Failure, for any reason, of the Recipient to fulfill in a timely and proper manner its obligations under this Agreement; 3. Ineffective or improper use of funds provided under this Agreement; or 4. Submission by the Recipient to the Grantee reports that are incorrect or incomplete in any material respect. In accordance with 24 CFR 85.44, this Agreement may also be terminated for convenience by either the Grantee or the Recipient, in whole or in part, by setting forth the reasons for such termination, the effective date, and, in the case of partial termination, the portion to be terminated. However, if in the case of a partial termination, the Grantee determines that the remaining portion of the award will not accomplish the purpose for which the award was made, the Grantee may terminate the award in its entirety.

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

  • Suspension or Termination of Services You agree that Firstrade Securities Inc. reserves the right in its sole discretion to suspend or terminate your access to any or all of Firstrade Securities Inc.'s Electronic Services for any reason and without prior notice to you. You agree not to hold Firstrade Securities Inc. responsible or liable for any disruptions in service due to: telephone network, computer network or other system problems beyond the control of Firstrade Securities Inc.: system maintenance or system upgrades; or any other event or circumstance beyond the control of Firstrade Securities Inc.

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Suspension or Termination of Sales Consistent with standard market settlement practices, the Company or the Agent may, upon notice to the other party hereto in writing or by telephone (confirmed immediately by verifiable email), suspend any sale of Shares, and the period set forth in an Issuance Notice shall immediately terminate; provided, however, that (A) such suspension and termination shall not affect or impair either party’s obligations with respect to any Shares placed or sold hereunder prior to the receipt of such notice; (B) if the Company suspends or terminates any sale of Shares after the Agent confirms such sale to the Company, the Company shall still be obligated to comply with Section 3(b)(v) with respect to such Shares; and (C) if the Company defaults in its obligation to deliver Shares on a Settlement Date, the Company agrees that it will hold the Agent harmless against any loss, claim, damage or expense (including, without limitation, penalties, interest and reasonable legal fees and expenses), as incurred, arising out of or in connection with such default by the Company. The parties hereto acknowledge and agree that, in performing its obligations under this Agreement, the Agent may borrow Common Shares from stock lenders in the event that the Company has not delivered Shares to settle sales as required by subsection (v) above, and may use the Shares to settle or close out such borrowings. The Company agrees that no such notice shall be effective against the Agent unless it is made to the persons identified in writing by the Agent pursuant to Section 3(b)(i).

  • Duration of the Agreement This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of two months from the date upon which such notice was given.

  • Duration and Termination of the Agreement This Agreement shall become effective upon its execution; provided, however, that this Agreement shall not become effective with respect to any Portfolio now existing or hereafter created unless it has first been approved (a) by a vote of the Independent Trustees, cast in person at a meeting called for the purpose of voting on such approval, and (b) if required under the 1940 Act, by an affirmative vote of a majority of the outstanding voting shares of that Portfolio. This Agreement shall remain in full force and effect continuously thereafter without the payment of any penalty as follows: (a) By vote of a majority of the (i) Independent Trustees, or (ii) outstanding voting shares of the applicable Portfolios, the Trust may at any time terminate this Agreement with respect to any or all Portfolios by providing not more than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager and the Subadviser. (b) This Agreement will terminate automatically with respect to a Portfolio unless, within two years after its initial effectiveness with respect to such Portfolio and at least annually thereafter, the continuance of the Agreement is specifically approved by (i) the Board of Trustees or the shareholders of such Portfolio by the affirmative vote of a majority of the outstanding shares of such Portfolio, and (ii) a majority of the Independent Trustees, by vote cast in person at a meeting called for the purpose of voting on such approval. If the continuance of this Agreement is submitted to the shareholders of any Portfolio for their approval and such shareholders fail to approve such continuance as provided herein, the Subadviser may continue to serve hereunder in a manner consistent with the 1940 Act and the rules and regulations thereunder. (c) The Manager may at any time terminate this Agreement with respect to any or all Portfolios by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Subadviser, and the Subadviser may at any time terminate this Agreement with respect to any or all Portfolios by not less than 90 days’ written notice delivered or mailed by registered mail, postage prepaid, to the Manager. (d) This Agreement automatically and immediately will terminate in the event of its assignment. Upon termination of this Agreement with respect to any Portfolio, the duties of the Manager delegated to the Subadviser under this Agreement with respect to such Portfolio automatically shall revert to the Manager.

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Term and Termination of the Agreement 9.1. The Agreement shall enter into force upon its signing by the Parties and shall remain in full force and effect until the Parties have fully and properly fulfilled their obligations (including, unequivocally in the case the term of any other agreement associated with the Agreement exceeds the term of the Agreement). 9.2. In the cases and under the conditions stipulated by the Agreement and/or Legislation, it is possible to terminate the Agreement before expiration of its term in whole or in part:

  • Expiration or Termination A. Owner shall have the right, upon thirty (30) days prior written notice to Operator, to terminate this Agreement in its entirety, upon or after the happening of one or more of the following events, if said event or events shall then be continuing: (i) If Operator shall make a general assignment for the benefit of creditors; or (ii) If Operator shall file a voluntary petition in bankruptcy or a petition seeking their reorganization or the readjustment of their indebtedness under the Federal Bankruptcy laws or under similar State laws; or (iii) If an involuntary petition in bankruptcy shall be filed against Operator and Operator is thereafter adjudicated a bankruptcy thereunder; or (iv) If Operator shall consent to the appointment of a receiver, trustee, or liquidator of all or substantially all of the property of Operator; or (v) If Operator shall fail to pay the SASO Fee or other money payments required by this Agreement and such failure shall not be remedied within thirty (30) days following receipt by Operator of written demand from Owner; or (vii) If Operator shall default in fulfilling any of the terms, covenants or conditions to be fulfilled by them hereunder and shall fail to commence with due diligence the remedying of said default within thirty (30) days following receipt by Operator of written demand from Owner to do so. B. Operator shall have the right, after thirty (30) days written notice to Owner, to terminate or suspend this Agreement upon the happening of one or more of the following events, if said event or events shall then be continuing: (i) The issuance by any court of competent jurisdiction of an injunction, order or decree preventing or restraining the use of the Airport for normal airport purposes or the use of any part thereof which may be used by Operator and which is necessary for Operator's operations of the Airport, which remains in force for a period of at least ninety (90) consecutive days. (ii) If Owner shall default in fulfilling any of the terms, covenants or conditions to be fulfilled by it under this Agreement and shall fail to cure said default within thirty (30) days following receipt of written demand from Operator to do so; or (iii) If all or a mutual part of the Airport or Airport facilities shall be destroyed by fire, explosion, earthquake, other casualty, or acts of God or the public enemy; (iv) If the United States Government or any of its agencies shall occupy the Airport or any substantial part thereof to such an extent as to interfere materially with Operator’s operations, for a period of thirty

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