Right of suspension – Access Holder Clause Samples

The 'Right of suspension – Access Holder' clause grants the access holder the authority to temporarily halt their use of a service or facility under certain conditions. Typically, this right may be exercised if the service provider fails to meet agreed obligations, such as maintenance standards or payment terms, or if there are safety concerns. By allowing the access holder to suspend their activities without breaching the agreement, this clause provides a mechanism for addressing non-compliance or risk, ensuring that the access holder is not forced to continue under unfavorable or unsafe circumstances.
Right of suspension – Access Holder. (a) Queensland Rail (acting reasonably) may, by notice in writing to the Access Holder, immediately suspend the right of the Access Holder to have an Operator operate some or all of the Train Services upon the occurrence of any one or more event or circumstance described in clauses 15.3(a) to 15.3(f) occurs which has not been remedied in accordance with clause 15.6. (b) Such a suspension will continue until such time as the Access Holder has satisfied Queensland Rail (acting reasonably) that: (i) the relevant event or circumstance has been remedied or, if applicable, has been avoided and will not re-occur; and (ii) where appropriate, that the Access Holder has taken action to prevent the recurrence of that event or circumstance.
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Right of suspension – Access Holder. Queensland Rail (acting reasonably) may, by notice in writing to the Access Holder, immediately suspend the right of the Access Holder to have an Operator operate some or all of the Train Services upon the occurrence of any one or more of the following events or circumstances: any event or circumstance described in clauses 15.3(a)15.3(a) to
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Related to Right of suspension – Access Holder

  • Notice of Certain Events Affecting Registration; Suspension of Right to Make an Advance The Company will immediately notify the Investor upon its becoming aware of the occurrence of any of the following events in respect of a registration statement or related prospectus relating to an offering of Registrable Securities: (i) receipt of any request for additional information by the SEC or any other Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to the registration statement or related prospectus; (ii) the issuance by the SEC or any other Federal or state governmental authority of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; (iii) receipt of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; (iv) the happening of any event that makes any statement made in the Registration Statement or related prospectus of any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in the Registration Statement, related prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the related prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and (v) the Company's reasonable determination that a post-effective amendment to the Registration Statement would be appropriate; and the Company will promptly make available to the Investor any such supplement or amendment to the related prospectus. The Company shall not deliver to the Investor any Advance Notice during the continuation of any of the foregoing events.