Adequate Assurances. If the Parties have so agreed in Part X of the Schedule, the failure by a Party ("first Party") to give adequate assurances of its ability to perform any of its obligations under the Agreement within two (2) Business Days of a written request to do so when the other Party ("second Party") has reasonable grounds for insecurity shall be an Event of Default under the Agreement, in which case during the pendency of a reasonable request by the second party to the first Party for adequate assurances of the first Party's ability to perform its obligations under the Agreement, the second Party may, at its election and without penalty, suspend its obligations under the Agreement.
Appears in 5 contracts
Samples: Master Agreement (Witter Dean Spectrum Technical Lp), Master Agreement (Witter Dean Select Futures Fund Lp), Master Agreement (Witter Dean Spectrum Strategic Lp)
Adequate Assurances. If the Parties have so agreed in Part X VIII of the Schedule, the failure by a Party ("first Party") to give adequate assurances of its ability to perform any of its obligations under the Agreement within two (2) Business Days of a written request to do so when the other Party ("second Party") has had reasonable grounds for insecurity shall be an Event of Default under the Agreement, in which case during the pendency of a reasonable request by the second party Party to the first Party for adequate assurances of the first Party's ability to perform its obligations under the Agreement, the second Party may, at its election and without penalty, suspend its obligations under the Agreement.
Appears in 3 contracts
Samples: Master Agreement (Campbell Alternative Asset Trust), Master Agreement (Campbell Alternative Asset Trust), Foreign Exchange Master Agreement (Campbell Strategic Allocation Fund Lp)
Adequate Assurances. If the Parties have so agreed in Part X of the Schedule, the failure by a Party ("first Party") to give adequate assurances of its ability to perform any of its obligations under the Agreement within two (2) Business Days of a written request to do so when the other Party ("second Party") has reasonable grounds for insecurity shall be an Event of Default under the Agreement, in which case during the pendency of a reasonable request by the second party Party to the first Party for adequate assurances of the first Party's ability to perform its obligations under the Agreement, the second Party may, at its election and without penalty, suspend its obligations under the Agreement.
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