Termination in Relation to Financial Standing. The Authority may terminate this Contract 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 and/or the credit rating of the Supplier which:
Appears in 2 contracts
Samples: Flood Re Retrocession Broker Scheme Contract, Flood Re Management Agent Scheme Managed Services Contract
Termination in Relation to Financial Standing. 35.3.1 The Authority may terminate this Contract 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 and/or the credit rating of the Supplier which:
(a) adversely impacts on the Supplier's ability to supply the Services under this Contract; or
(b) could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Services under this Contract. and this Contract shall terminate on the date specified in the Termination Notice.
Appears in 1 contract
Termination in Relation to Financial Standing. 32.3.1 The Authority may terminate this Contract 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 and/or the credit rating of the Supplier which:
(a) adversely impacts on the Supplier's ability to supply the Services under this Contract; or
(b) could reasonably be expected to have an adverse impact on the Supplier’s ability to supply the Services under this Contract. and this Contract shall terminate on the date specified in the Termination Notice.
Appears in 1 contract
Termination in Relation to Financial Standing. 35.3.1 The Authority may terminate this Contract 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 and/or the credit rating of either of the organisations comprising the Supplier which:
(a) adversely impacts on the Supplier's ability to supply the Services under this Contract; or
(b) could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Services under this Contract. and this Contract shall terminate on the date specified in the Termination Notice.
Appears in 1 contract
Termination in Relation to Financial Standing. 34.3.1 The Authority may terminate this Contract 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 and/or the credit rating of the Supplier which:
(a) adversely impacts on the Supplier's ability to supply the Services under this Contract; or
(b) could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Services under this Contract.
Appears in 1 contract
Samples: Supplier Contract
Termination in Relation to Financial Standing. 34.3.1 The Authority may terminate this Contract 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 and/or and or the credit rating of the Supplier which:
(a) adversely impacts on the Supplier's ability to supply the Services under this Contract; or
(b) could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Services under this Contract.
Appears in 1 contract
Samples: Price Benchmarking Services Contract
