SUSPENSION OR TERMINATION OF THE CONTRACT Clause Samples

SUSPENSION OR TERMINATION OF THE CONTRACT. A. Owner’s Right of Termination 1. The Owner may, at any time, terminate the Contract, in whole or in part, with or without cause for the Owner’s convenience, upon seven (7) days written notice to the Contractor. 2. The Owner may, upon written consent of the Contractor, reinstate the terminated portion of this Contract in whole or in part if it is determined by the Owner, in its sole discretion, that it is necessary or advantageous to the Owner. Compensation shall be equitably negotiated by agreement between the Owner and Contractor.
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SUSPENSION OR TERMINATION OF THE CONTRACT. § 13.1 Owner’s Right to Suspend the WORK § 13.1.1 The Owner has the authority to suspend portions or all of the Work due to the following causes: (a) Failure of the Design-Builder to correct unsafe conditions; (b) Failure of the Design-Builder to carry out any provision of the Contract; (c) Failure of the Design-Builder to carry out orders; (d) Conditions, in the opinion of the Owner, which are unsuitable for performing the Work; (e) Time required to investigate differing site conditions; (f) Any reason considered to be in the public interest. § 13.1.2 The Owner shall notify Design-Builder and Design-Builder's Surety in writing of the effective date and time of the suspension, and Owner shall notify Design-Builder and Design-Builder’s surety in writing to resume Work § 13.1.3 During the period of the suspension, Design-Builder is responsible to continue maintenance at the Project just as if the Work were in progress. This includes, but is not limited to, protection of completed Work, maintenance of access, protection of stored materials, temporary facilities, and clean-up. § 13.1.4 When the Work is recommenced after the suspension, the D e s i g n - B u i l d e r shall replace or renew any Work damaged during the suspension, remove any materials or facilities used as part of temporary maintenance, and complete the Project in every respect as though its prosecution had been continuous and without suspension.
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SUSPENSION OR TERMINATION OF THE CONTRACT. The Seller shall be entitled to suspend and / or terminate this Contract, by written notice, and with immediate effect, if the Purchaser does not regularly and fully meet its obligations to pay the price (including the payment of the advance or presentation of suitable guarantees of payment). Seller may also terminate this Agreement with immediate effect, by written notice, in the event that the Purchaser is subject to bankruptcy proceedings, or change materially its financial circumstances so as to put in obvious risk the achievement of the consideration (for example: awe at foreclosures for significant amounts, insolvency, elevation of protests against him, etc.).
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SUSPENSION OR TERMINATION OF THE CONTRACT. (a) The Owner may, by giving written notice to that effect to the Contractor, suspend or terminate the Contract at any time. In the case of a notice of suspension, the Contractor shall suspend all operations except those which, in the Engineer's opinion, are necessary for the care and preservation of the work, the materials and plant. In the case of a notice of termination, the Contractor shall cease all operations forthwith. (b) If the period of suspension is 30 days or less, the Contractor shall resume the execution of the work upon the expiration of the period of suspension, and he is entitled to be paid the cost, calculated in accordance with the provisions of Section 10 hereof, of any plant, labour and material necessarily involved in complying with the suspension. If the period of suspension is more than 30 days, the Contractor shall resume operations and complete the execution of the work in accordance with any terms and conditions agreed upon by the Owner and the Contractor, or, failing such agreement, the notice of suspension shall be deemed to be a notice of termination pursuant to sub-section (a). (c) If the Contract is terminated pursuant to sub-section (a), the Owner will pay to the Contractor an amount equal to the cost as agreed upon by the Contractor and the Engineer of all labour, material and plant supplied by the Contractor as of the date of termination, or, failing such agreement, as calculated in accordance with Section 10 hereof, less all amounts already paid to the Contractor by the Owner and less all amounts which the Contractor is liable to pay to the Owner.
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SUSPENSION OR TERMINATION OF THE CONTRACT. (a) The District may, upon notice in writing to the Contractor, suspend or terminate the contract at any time. The Contractor will comply with any such notice immediately. (b) If the District terminates the contract because of default by the Contractor, the obligation of the District to make payment to the Contractor shall cease and no further payments shall be made to the Contractor unless the District shall be satisified that no financial prejudice will result to the District from such further payments. (c) The Contractor may terminate the contract with reasonable notice (30 days) or immediately with the agreement of both parties.
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Related to SUSPENSION OR TERMINATION OF THE CONTRACT

  • Suspension or Termination In accordance with 24 CFR 85.43, the Grantee may suspend or terminate this Agreement if the Recipient materially fails to comply with any terms of this Agreement, which include (but are not limited to), the following: 1. Failure to comply with any of the rules, regulations or provisions referred to herein, or such statutes, regulations, executive orders, and HUD guidelines, policies or directives as may become applicable at any time; 2. Failure, for any reason, of the Recipient to fulfill in a timely and proper manner its obligations under this Agreement; 3. Ineffective or improper use of funds provided under this Agreement; or 4. Submission by the Recipient to the Grantee reports that are incorrect or incomplete in any material respect. In accordance with 24 CFR 85.44, this Agreement may also be terminated for convenience by either the Grantee or the Recipient, in whole or in part, by setting forth the reasons for such termination, the effective date, and, in the case of partial termination, the portion to be terminated. However, if in the case of a partial termination, the Grantee determines that the remaining portion of the award will not accomplish the purpose for which the award was made, the Grantee may terminate the award in its entirety.

  • Suspension or Termination of Services You agree that Firstrade Securities Inc. reserves the right in its sole discretion to suspend or terminate your access to any or all of Firstrade Securities Inc.'s Electronic Services for any reason and without prior notice to you. You agree not to hold Firstrade Securities Inc. responsible or liable for any disruptions in service due to: telephone network, computer network or other system problems beyond the control of Firstrade Securities Inc.: system maintenance or system upgrades; or any other event or circumstance beyond the control of Firstrade Securities Inc.

  • Suspension or Termination of Sales Consistent with standard market settlement practices, the Company or the Agent may, upon notice to the other party hereto in writing or by telephone (confirmed immediately by verifiable email), suspend any sale of Shares, and the period set forth in an Issuance Notice shall immediately terminate; provided, however, that (A) such suspension and termination shall not affect or impair either party’s obligations with respect to any Shares placed or sold hereunder prior to the receipt of such notice; (B) if the Company suspends or terminates any sale of Shares after the Agent confirms such sale to the Company, the Company shall still be obligated to comply with Section 3(b)(v) with respect to such Shares; and (C) if the Company defaults in its obligation to deliver Shares on a Settlement Date, the Company agrees that it will hold the Agent harmless against any loss, claim, damage or expense (including, without limitation, penalties, interest and reasonable legal fees and expenses), as incurred, arising out of or in connection with such default by the Company. The parties hereto acknowledge and agree that, in performing its obligations under this Agreement, the Agent may borrow Common Shares from stock lenders in the event that the Company has not delivered Shares to settle sales as required by subsection (v) above, and may use the Shares to settle or close out such borrowings. The Company agrees that no such notice shall be effective against the Agent unless it is made to the persons identified in writing by the Agent pursuant to Section 3(b)(i).

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

  • Termination and Suspension of the Contract The Competent Body shall suspend the Contract in a binding order if: o The License is suspended; o There is a direct threat to life or health of the people working or residing in a zone influenced by the operations under the Contract;