CURTAILMENT OF THE RIGHT OF RETENTION ON THE PART OF THE CONTRACTOR Clause Samples

This clause limits or restricts the contractor's ability to withhold performance or retain property, funds, or materials as leverage in a contractual dispute. In practice, it may specify that the contractor cannot refuse to continue work or hold onto project materials due to payment delays or other disagreements, except under narrowly defined circumstances. The core function of this clause is to ensure the continuity of work and prevent project delays by reducing the contractor's ability to use retention as a bargaining tool.
CURTAILMENT OF THE RIGHT OF RETENTION ON THE PART OF THE CONTRACTOR. The Contractor shall not suspend any deliverables as the result of breach of contract on the part of the Customer, unless the breach is material.
CURTAILMENT OF THE RIGHT OF RETENTION ON THE PART OF THE CONTRACTOR. The Contractor shall not suspend any performance as the result of breach of contract on the part of the Customer, unless the breach is material, cf. clause 12.4.
CURTAILMENT OF THE RIGHT OF RETENTION ON THE PART OF THE CONTRACTOR. The Contractor shall not suspend any performance as the result of breach of contract on the part of the Customer, unless the breach is material, cf. clause 12.

Related to CURTAILMENT OF THE RIGHT OF RETENTION ON THE PART OF THE CONTRACTOR

  • Obligation to Provide State Access to Grant Records The Grantee must make all grant records of expenditures, copies of reports, books, and related documentation available to the Division or a duly authorized representative of the State of Florida for inspection at reasonable times for the purpose of making audits, examinations, excerpts, and transcripts.

  • Coordination, Oversight and Monitoring of Service Providers As set forth in the Administrative Services Agreement between the Fund and CRMC, CRMC shall coordinate, monitor and oversee the activities performed by the Service Providers with which AFS contracts. AFS shall monitor Service Providers’ provision of services including the delivery of Customer account statements and all Fund-related material, including summary prospectuses and/or prospectuses, shareholder reports, and proxies.

  • Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation By entering into this Agreement and accepting the Performance Stock Units evidenced hereby, the Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (ii) that the Award does not create any contractual or other right to receive future grants of Awards; (iii) that participation in the Plan is voluntary; (iv) that the value of the Performance Stock Units is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; and (v) that the future value of the Common Stock is unknown and cannot be predicted with certainty.

  • Limitation on the Exercise of Certain Rights Related to Affiliate Insolvency Proceedings (a) Notwithstanding anything to the contrary in this Agreement or any other agreement, but subject to the requirements of Section 19, no party to this Agreement shall be permitted to exercise any Default Right against a Covered Party with respect to this Agreement that is related, directly or indirectly, to a BHC Affiliate of such party becoming subject to a receivership, insolvency, liquidation, resolution, or similar proceeding (each an “Insolvency Proceeding”), except to the extent the exercise of such Default Right would be permitted under the creditor protection provisions of 12 C.F.R. § 252.84, 12 C.F.R. § 47.5, or 12 C.F.R. § 382.4, as applicable. (b) After a BHC Affiliate of a Covered Party has become subject to Insolvency Proceedings, if any party to this Agreement seeks to exercise any Default Right against such Covered Party with respect to this Agreement, the party seeking to exercise a Default Right shall have the burden of proof, by clear and convincing evidence, that the exercise of such Default Right is permitted hereunder.

  • Reliance on Third Party Service Providers Each Party may allow Reporting Financial Institutions to use third party service providers to fulfill the obligations imposed on such Reporting Financial Institutions by a Party, as contemplated in this Agreement, but these obligations shall remain the responsibility of the Reporting Financial Institutions.