Common use of Termination on Financial Standing Clause in Contracts

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 3 contracts

Samples: Order Form and Call Off Terms, Order Form and Call Off Terms, Order Form and Call Off Terms

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Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 25.7.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 25.7.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 3 contracts

Samples: Courier Services Contract, Courier Services Agreement, Courier Services Agreement

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 26.8.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 26.8.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 3 contracts

Samples: Call Off Agreement, Call Off Agreement, Call Off Agreement

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier Service Provider in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier Service Provider (as measured from the Commencement Date) which: 25.6.1 19.5.1 adversely impacts on the SupplierService Provider's ability to supply the Goods and and/or Services under this Contract; or 25.6.2 19.5.2 could reasonably be expected to have an adverse impact on the Suppliers Service Providers ability to supply the Goods and and/or Services under this Contract.

Appears in 2 contracts

Samples: Outsourcing Agreements, Call Off Contract

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 : adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 or could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 2 contracts

Samples: Order Form, Order Form

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 27.6.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 27.6.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 2 contracts

Samples: Framework Agreement, Framework Agreement

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 23.6.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 23.6.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 1 contract

Samples: Order Form and Call Off Terms

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier (as measured from the Commencement Date) which: 25.6.1 19.5.1 adversely impacts on the Supplier's ability to supply the Goods and and/or Services under this Contract; or 25.6.2 19.5.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and and/or Services under this Contract.

Appears in 1 contract

Samples: Civil Enforcement and Parking Management System Contract

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the CustomerContract), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 : adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 or could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 1 contract

Samples: Order Form and Call Off Contract Terms

Termination on Financial Standing. The Customer may terminate this Contract Lease Agreement by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 25.7.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this ContractLease Agreement; or 25.6.2 25.7.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this ContractLease Agreement.

Appears in 1 contract

Samples: Lease Agreement

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Termination on Financial Standing. 45.5.1. The Customer may terminate this the Contract by serving notice on the Supplier Contractor in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 Contractor which adversely impacts on the Supplier's Contractor’s ability to supply the Goods and Services under this Contract; or 25.6.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Ordered Goods and Services under this Contract.

Appears in 1 contract

Samples: Supply and Installation of Flooring Contract

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 25.7.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 25.7.2 could reasonably be expected to have an adverse impact on the Suppliers Supplier’s ability to supply the Goods and Services under this Contract.

Appears in 1 contract

Samples: Order Form and Call Off Terms

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 : adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 or could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 1 contract

Samples: Call Off Agreement

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 20.6.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 20.6.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 1 contract

Samples: Order Form and Call Off Terms

Termination on Financial Standing. The Customer may terminate this Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 27.7.1 adversely impacts on the Supplier's ability to supply the Goods and Services under this Contract; or 25.6.2 27.7.2 could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and Services under this Contract.

Appears in 1 contract

Samples: Call Off Contract

Termination on Financial Standing. The Customer may terminate this the Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: 25.6.1 : adversely impacts on the Supplier's ability to supply the Goods and Services under this in accordance with the Contract; or 25.6.2 or could reasonably be expected to have an adverse impact on the Suppliers Supplier’s ability to supply the Goods and Services under this in accordance with the Contract.

Appears in 1 contract

Samples: Demand Side Response Services Framework Agreement

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