Suspension or Restriction Clause Samples
The Suspension or Restriction clause allows one party to temporarily halt or limit the performance of certain obligations under a contract. Typically, this clause is invoked when specific events occur, such as a breach of contract, safety concerns, or regulatory requirements, and may outline the conditions under which services or deliveries can be paused or scaled back. Its core function is to provide flexibility and protect parties from continuing performance in situations where proceeding could be impractical, unsafe, or legally problematic.
Suspension or Restriction. In the event that Correspondent or any employee of Correspondent shall become subject to suspension or restriction by any regulatory or self-regulatory body having jurisdiction over Correspondent and Correspondent’s securities business, Correspondent will notify Apex immediately and Correspondent authorizes Apex to take such steps as may be necessary for Apex to maintain compliance with the rules and regulations to which Apex is subject. Correspondent further authorizes Apex, in any event, to comply with directives or demands made upon Apex by any exchange or regulatory or self- regulatory body relative to Correspondent. In connection with such directives or demands, Apex may seek advice or legal counsel and Correspondent will reimburse Apex for reasonable fees and expenses of such counsel.
Suspension or Restriction. In the event that Correspondent or any employee of Correspondent shall become subject to suspension or restriction by any regulatory body having jurisdiction over Correspondent and Correspondent's securities business, Correspondent will notify Pens▇▇ ▇▇▇ediately and Correspondent authorizes Pens▇▇ ▇▇ take such steps as may be necessary for Pens▇▇ ▇▇ maintain compliance with the rules and regulations to which Pens▇▇ ▇▇ subject. Correspondent further authorizes Pens▇▇, ▇▇ any event, to comply with directives or demands made upon Pens▇▇ ▇▇ any exchange or regulatory body relative to Correspondent and Customers. In connection with such directives or demands, Pens▇▇ ▇▇▇ seek advice or legal counsel and Correspondent will reimburse Pens▇▇ ▇▇▇ reasonable fees and expenses of such counsel. Proprietary and Confidential
Suspension or Restriction. In the event that CLAY or any employee of CLAY shall become subject to suspension or restriction by any regulatory body having jurisdiction over CLAY and CLAY's securities business, CLAY will notify FSWC immediately and CLAY authorizes FSWC to take such steps as may be necessary for FSWC to maintain compliance with the rules and regulations to which FSWC is subject. CLAY further authorizes FSWC, in such event, to comply with directives or demands made upon FSWC by any exchange or regulatory body. In connection with such directives or demands, FSWC may seek advice or legal counsel and CLAY will reimburse FSWC for reasonable fees and expenses of such counsel.
Suspension or Restriction. Without limiting any of 5G’s other rights or remedies, whether under the Supply Agreement or otherwise, 5G may suspend or restrict any or all of the Services at any time, without liability to 5G if:
Suspension or Restriction. In the event that Correspondent or any employee of Correspondent shall become subject to suspension or restriction by any regulatory body having jurisdiction over Correspondent and Correspondent’s securities business, Correspondent will notify Apex immediately and Correspondent authorizes Apex to take such steps as may be necessary for Apex to maintain compliance with the rules and regulations to which Apex is subject. Correspondent further authorizes Apex, in any event to comply with directives or demands made upon Apex by any exchange or regulatory body relative to Correspondent and Customers. In connection with such directives or demands, Apex may seek advice or legal counsel and Correspondent will reimburse Apex for reasonable fees and expenses of such counsel.
Suspension or Restriction. In the event that Correspondent learns that Correspondent or any of its affiliates or executive officers becomes subject to revocation, suspension, bar, injunction, restriction, consent decree, cease-and-desist order, or other formal disciplinary action by the SEC, the Financial Industry Regulatory Authority (“FINRA”), or any other regulatory or governmental body having jurisdiction over Correspondent or such affiliate or executive officer, Correspondent shall notify Ridge promptly and, in addition to such other rights and remedies as Ridge may have under this Agreement and the Applicable Laws and Rules, Correspondent authorizes Ridge to take such reasonable steps as Ridge determines, in its sole and exclusive discretion, may be necessary or advisable for Ridge to be in compliance with the Applicable Laws and Rules. Correspondent further authorizes Ridge, in such event, to comply with requests, directives or demands made upon Ridge by any such exchange or regulatory body. In connection with such requests, directives or demands, Ridge may seek advice or legal counsel.
Suspension or Restriction. If, after such notice, Customer’s usage continues to materially exceed fair usage thresholds and poses a risk to the performance, cost, or integrity of the Services, EvaluAgent reserves the right to temporarily suspend or restrict access to AI Features. Any such action shall be taken in good faith and only to the extent reasonably necessary.
Suspension or Restriction. In the event that Correspondent or any principal executive officer of Correspondent shall become subject to suspension or restriction by the NYSE, NASD or any other regulatory body having jurisdiction over Correspondent and Correspondent’s securities business, Correspondent will notify NFS immediately and Correspondent authorizes NFS to take such steps as may be necessary for NFS to maintain compliance with the rules and regulations to which NFS is subject. Correspondent further authorizes NFS, in such event, to comply with directives or demands made upon NFS by any such exchange or regulatory body. In connection with such directives or demands, NFS may seek advice or legal counsel and Correspondent will reimburse NFS for reasonable fees and expenses of such counsel.
Suspension or Restriction. In the event that Correspondent or any employee of Correspondent shall become subject to suspension or restriction by any regulatory body having jurisdiction over Correspondent and Correspondent's securities business, Correspondent will notify Penson immediately and Correspondent authorizes Penson to ▇▇▇▇ such steps as may be necessary for Penson ▇▇ ▇▇▇ntain compliance with the rules and regulati▇▇▇ ▇▇ which Penson is subject. Correspondent further authorizes Penso▇, ▇▇ any event, to comply with directives or demand▇ ▇▇▇▇ upon Penson by any exchange or regulatory body relative to Cor▇▇▇▇▇▇dent and Customers. In connection with such directives or demands, Penson may seek advice or legal counsel and Correspondent ▇▇▇▇ reimburse Penson for reasonable fees end expenses of such counsel.
Suspension or Restriction. In the event that Correspondent learns that Correspondent or any employee of Correspondent may become subject to revocation, suspension, bar, restriction, censure or other formal disciplinary action by the SEC, NYSE, NASD, or any other regulatory or governmental body having jurisdiction over Correspondent or such employee, Correspondent shall notify ICS immediately and, in addition to such other rights and remedies as ICS may have under this Agreement and the Laws and Rules, Correspondent authorizes ICS to take such steps as may be necessary for ICS to maintain compliance by ICS with the Laws and Rules. Correspondent further authorizes ICS, in such event, to comply with directives or demands made upon ICS by any such exchange or regulatory body. In connection with such directives or demands, ICS may seek advice or legal counsel and Correspondent shall promptly reimburse ICS for the reasonable fees and expenses of such counsel, as incurred.