Common use of Termination in relation to Guarantee Clause in Contracts

Termination in relation to Guarantee. 33.1.1 Where the Authority has procured a Dynamic Purchasing System Guarantee from the Supplier under Clause 8.1 (Guarantee), the Authority may terminate this Dynamic Purchasing System Agreement by issuing a Termination Notice to the Supplier where: (a) the Dynamic Purchasing System Guarantor withdraws the Dynamic Purchasing System Guarantee for any reason whatsoever; (b) the Dynamic Purchasing System Guarantor is in breach or anticipatory breach of the Dynamic Purchasing System Guarantee; (c) an Insolvency Event occurs in respect of the Dynamic Purchasing System Guarantor; (d) the Dynamic Purchasing System Guarantee becomes invalid or unenforceable for any reason whatsoever; or (e) the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority; and in each case the Dynamic Purchasing System Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Authority. 33.1.2 Where a Contracting Authority has procured a Contract Guarantee from the Supplier under Clause 8.2 (Guarantee), the Authority may terminate this Dynamic Purchasing System Agreement by issuing a Termination Notice to the Supplier where: (a) the Contract Guarantor withdraws the Contract Guarantee for any reason whatsoever; (b) the Contract Guarantor is in breach or anticipatory breach of the Contract Guarantee; (c) an Insolvency Event occurs in respect of the Contract Guarantor; or (d) the Contract Guarantee becomes invalid or unenforceable for any reason whatsoever; (e) the Supplier fails to provide the documentation required by Clause 8.2 by the date so specified by the Contracting Authority; and in each case the Contract Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Contracting Authority and/or Authority.

Termination in relation to Guarantee. 33.1.1 Where the Authority has procured a Dynamic Purchasing System DMP Guarantee from the Supplier under Clause 8.1 (Guarantee), the Authority may terminate this Dynamic Purchasing System DMP Agreement by issuing a Termination Notice to the Supplier where: (a) the Dynamic Purchasing System DMP Guarantor withdraws the Dynamic Purchasing System DMP Guarantee for any reason whatsoever; (b) the Dynamic Purchasing System DMP Guarantor is in breach or anticipatory breach of the Dynamic Purchasing System DMP Guarantee; (c) an Insolvency Event occurs in respect of the Dynamic Purchasing System DMP Guarantor; (d) the Dynamic Purchasing System DMP Guarantee becomes invalid or unenforceable for any reason whatsoever; or (e) the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority; and in each case the Dynamic Purchasing System DMP Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Authority. 33.1.2 . Where a Contracting Authority has procured a Contract Guarantee from the Supplier under Clause 8.2 (Guarantee), the Authority may terminate this Dynamic Purchasing System DMP Agreement by issuing a Termination Notice to the Supplier where: (a) the Contract Guarantor withdraws the Contract Guarantee for any reason whatsoever; (b) the Contract Guarantor is in breach or anticipatory breach of the Contract Guarantee; (c) an Insolvency Event occurs in respect of the Contract Guarantor; or (d) the Contract Guarantee becomes invalid or unenforceable for any reason whatsoever; (e) the Supplier fails to provide the documentation required by Clause 8.2 by the date so specified by the Contracting Authority; and in each case the Contract Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Contracting Authority and/or Authority.