Suspension and termination. 10.1 Supplier is authorized to suspend compliance with its obligations or dissolve the Agreement if: - Customer fails to comply in full or good time with obligations arising from the Agreement; - circumstances come to the knowledge of Supplier after the Agreement is concluded which constitute a serious reason to fear that Customer will not comply in full or good time with its obligations. If there is ground to fear that the purchase will only partially be fulfilled or not properly, the suspension is only permissible to the extent that the shortcoming justifies the same. - Customer upon entering into the Agreement was requested to provide security for compliance with the obligations arising from the Agreement and that security has not been provided, or is insufficient. As soon as the security is provided, the competence expires to postponement unless the payment is unreasonably delayed;
Suspension and termination. 21.1 In the case of any change in the circumstances of the Customer, such as a death, conversion, merger, takeover, transfer, liquida tion, suspension of payment, joint or amicable composition, request for deferment of payment, cessation of activity, seizure or any other circumstance that may harm the trust in the Customer’s creditworthiness, BAGINCO reserves the right to take the following action purely because of that fact: either suspend the execution of one or more agreements with the Customer until such time when the Customer provides sufficient securities for its payment; or declare one or more agreements with the Customer to be terminated from the date on which the notice of termination is dispatched, without prior notice of default and without judicial intervention, without prejudice to XXXXXXX’x right to claim additional compensation.
Suspension and termination. 1. If the contractor is unable to perform the contract as a result of force majeure, he is entitled, without any court intervention, to suspend the contract for six months at most or to terminate the contract wholly or in part, without being obliged to pay any compensation. During the suspension, the contractor is authorized and at the end of it is obliged to opt for execution, if possible, or termination of the contract or a part thereof.