Modification or Suspension Clause Samples

The MODIFICATION OR SUSPENSION clause allows one or both parties to alter or temporarily halt the terms or performance of an agreement under certain conditions. Typically, this clause outlines the procedures for making changes, such as requiring written notice or mutual consent, and may specify circumstances like unforeseen events or regulatory changes that justify modification or suspension. Its core function is to provide flexibility in the contract, enabling the parties to adapt to changing circumstances or address unexpected issues without breaching the agreement.
Modification or Suspension. In the event State or Federal laws or regulations, enacted after the effective date of this Agreement, prevent or preclude compliance with one or more provisions herein, such provisions shall be modified or suspended as may be necessary to comply with such laws or regulations.
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Modification or Suspension. Should the Employer determine that the fiscal responsibilities or economic conditions warrant a modification or temporary suspension of the Community Engagement Leave, the Employer may take such action, in consultation with the Association, regarding those modifications or temporary suspension.
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Modification or Suspension. HBX may, by written notification to Decolar and effective upon receipt thereof, increase or decrease the Limit and/or modify the term and conditions of payment. HBX reserves the right to modify, suspend or cancel these Deferred Payment Terms: (a) Upon a default or breach of the Lodging Outsourcing Agreement that may lead to a termination by HBX as per section 9.2.3.2. (b) Immediately upon default of the Deferred Payment Terms by Decolar. Before applying suspension of the Deferred Payment Terms both Parties will try to seek for an urgent remediation of the default. (c) Upon exceeding the Limit in accordance with the below: - Once Decolar reaches [***] of consumption of the Limit, HBX will notify in writing to Decolar that the Limit is close to excess and both Parties will work to explore options to increase the Limit. - In any case, if Decolar exceeds the amount of the Limit, Decolar shall immediately make a payment to HBX to cover such excess. - If such excess is not remedied immediately, HBX may review and ultimately suspend or cancel the Deferred Payment Terms. The proof of funds transfer sent by Decolar shall serve as sufficient receipt and formal evidence of payment. (d) Immediately upon a Bankruptcy Event with respect to Decolar. (e) Upon any material adverse effect (i) on either the financial conditions of Decolar and/or its Affiliates taken as a whole; subject to prior written notice to Decolar of at least ten (10) days to provide options to maintain the Limit. (f) Upon a Change of Control materially increasing the risk profile of Decolar. (g) In addition, HBX may reassess, suspend or cancel these Deferred Payment Terms for any reason that materially increases Decolar risk profile, upon twenty-one (21) days’ advanced written notice to Decolar in order for Decolar to provide options to maintain the Limit. Upon remediation of sections above, except for section (d) above, HBX will reinstate the Limit. Decolar may offer any remedy that seems applicable to remedy the suspension, reduction or cancellation of the Limit (such as bank guarantee, cash deposit, etc.). In the event that a cash deposit is made, it may be replaced by Decolar at any time by a sufficient bank guarantee, and the refund of such deposit may be requested. If new financial information is provided increasing Decolar solvency scoring, HBX may reassess the Limit.
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Modification or Suspension 
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Related to Modification or Suspension

  • TERMINATION OR SUSPENSION § 9.1 If the Owner fails to make payments to the Architect in accordance with this Agreement, such failure shall be considered substantial nonperformance and cause for termination or, at the Architect’s option, cause for suspension of performance of services under this Agreement. If the Architect elects to suspend services, the Architect shall give seven days’ written notice to the Owner before suspending services. In the event of a suspension of services, the Architect shall have no liability to the Owner for delay or damage caused the Owner because of such suspension of services. Before resuming services, the Owner shall pay the Architect all sums due prior to suspension and any expenses incurred in the interruption and resumption of the Architect’s services. The Architect’s fees for the remaining services and the time schedules shall be equitably adjusted. § 9.2 If the Owner suspends the Project, the Architect shall be compensated for services performed prior to notice of such suspension. When the Project is resumed, the Architect shall be compensated for expenses incurred in the interruption and resumption of the Architect’s services. The Architect’s fees for the remaining services and the time schedules shall be equitably adjusted. § 9.3 If the Owner suspends the Project for more than 90 cumulative days for reasons other than the fault of the Architect, the Architect may terminate this Agreement by giving not less than seven days’ written notice. § 9.4 Either party may terminate this Agreement upon not less than seven days’ written notice should the other party fail substantially to perform in accordance with the terms of this Agreement through no fault of the party initiating the termination. § 9.5 The Owner may terminate this Agreement upon not less than seven days’ written notice to the Architect for the Owner’s convenience and without cause. § 9.6 If the Owner terminates this Agreement for its convenience pursuant to Section 9.5, or the Architect terminates this Agreement pursuant to Section 9.3, the Owner shall compensate the Architect for services performed prior to termination, Reimbursable Expenses incurred, and costs attributable to termination, including the costs attributable to the Architect’s termination of consultant agreements. § 9.7 In addition to any amounts paid under Section 9.6, if the Owner terminates this Agreement for its convenience pursuant to Section 9.5, or the Architect terminates this Agreement pursuant to Section 9.3, the Owner shall pay to the Architect the following fees:

  • DISCHARGE OR SUSPENSION The Employer shall not discharge nor suspend any employee with- out just cause, but in respect to discharge or suspension shall give at least one (1) warning notice of a complaint against such employ- ee to the employee, in writing, and a copy of the same to the Union, except that no warning notice need be given to an employee before they are discharged if the cause of such discharge is dishonesty, drinking alcoholic beverages or being under the influence of drugs or in illegal possession of drugs during the workday (including meal period) or drunkenness, recklessness resulting in serious acci- dent while on duty, or the carrying of unauthorized passengers while on the job or offenses of equal seriousness. Except for serious accidents, a driver will not be removed from the payroll during an investigation of an accident. The driver can be assigned to non-driv- ing work during this period. Before disciplinary action is taken, a meeting shall be held with the employee and the employee shall have the right to choose a ▇▇▇▇▇▇▇ who is readily available and on the premises. In the case of discharge for any offense other than the above mentioned, including suspension, the disciplinary action will be held in abeyance for two (2) weeks to give the Local Union the opportunity to intervene prior to the action being taken. The warn- ing notice, suspension or discharge as herein provided shall not re- main in effect for a period of more than nine (9) months from the date of said warning notice, suspension or discharge. Any disciplinary action will list the violation(s) and be by proper writ- ten notice to the employee and the Union affected. Disciplinary letters must be issued by the Company within ten (10) working days after the incident. Any employee may request an investigation as to their dis- charge or suspension. Should such investigation prove that an injus- ▇▇▇▇ has been done an employee, he/ she shall be reinstated. The C.P.A.P.G.C. or the impartial arbitrator shall have the authority to or- der full, partial or no compensation for time lost. Appeal from dis- charge or suspension must be taken within ten (10) days by written notice and a decision reached within thirty (30) days from the date of suspension or discharge. An employee shall be given a copy of any Company form or document signed by the employee if requested. The Company will not use absenteeism or accidents in conjunction with any other disciplinary action.

  • TERMINATION OR MODIFICATION A. This Agreement shall continue in full force and effect until December 31, 2019. B. If either Party wishes to terminate or modify this Agreement, said Party shall provide written notice to the other Party to that effect. Said notice shall be made no later than one hundred twenty (120) days prior to the termination date in Paragraph A., above. C. In the event that negotiations extend beyond the said expiration date of this Agreement, the terms and provisions of this Agreement shall remain in full force and effect pending any agreement upon a new Agreement.

  • Service Termination, Cancellation, or Suspension If you wish to cancel the Service, you may contact us as set forth in Section 6 of the General Terms above. Any payment(s) that have begun processing before the requested cancellation date will be processed by us. You agree that we may terminate or suspend your use of the Service at any time and for any reason or no reason. Neither termination, cancellation nor suspension shall affect your liability or obligations under this Agreement.