Common use of Revocation of Suspension Clause in Contracts

Revocation of Suspension. ‌ 3.1 In the event that the Lead ULB shall have rectified or removed the cause of Suspension within a period not exceeding 90 (ninety) days from the date of Suspension, it shall revoke the Suspension forthwith and restore all rights of the Concessionaire under this Agreement. For the avoidance of doubt, the Parties expressly agree that the Lead ULB may, in its discretion, revoke the Suspension at any time, whether or not the cause of Suspension has been rectified or removed hereunder.

Appears in 5 contracts

Sources: Concession Agreement, Concession Agreement, Concession Agreement