Common use of Termination in Relation to Financial Standing Clause in Contracts

Termination in Relation to Financial Standing. 33.3.1 The Authority may terminate this Panel Agreement by issuing a Termination Notice to the Supplier where in the reasonable opinion of the Authority there is a material detrimental change in the financial standing of the Supplier which: (a) adversely impacts on the Supplier’s ability to supply the Panel Services under this Panel Agreement; or (b) could reasonably be expected to have an adverse impact on the Supplier’s ability to supply the Panel Services under this Panel Agreement;

Appears in 5 contracts

Samples: Panel Agreement for the Provision of Finance and Complex Legal Services, Panel Agreement for the Provision of Rail Legal Services, Panel Agreement for the Provision of General Legal Services

AutoNDA by SimpleDocs

Termination in Relation to Financial Standing. 33.3.1 The Authority may terminate this Panel Agreement by issuing a Termination Notice to the Supplier where in the reasonable opinion of the Authority there is a material detrimental change in the financial standing of the Supplier which: (a) : adversely impacts on the Supplier’s ability to supply the Panel Services under this Panel Agreement; or (b) or could reasonably be expected to have an adverse impact on the Supplier’s ability to supply the Panel Services under this Panel Agreement;

Appears in 4 contracts

Samples: Panel Agreement, Panel Agreement, Panel Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!