Suspension of Agreement Sample Clauses
The Suspension of Agreement clause allows one or both parties to temporarily halt the performance of their obligations under the contract without terminating the agreement entirely. Typically, this clause is invoked in situations such as force majeure events, breaches, or other specified circumstances that make continued performance impractical or impossible. By providing a formal mechanism for pausing contractual duties, the clause helps manage risk and uncertainty, ensuring that parties are not unfairly penalized for circumstances beyond their control while preserving the overall relationship.
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Suspension of Agreement. A. The Agreement may be suspended by the University, in its sole discretion, for any full academic terms during the term of the Agreement if Student is required to live elsewhere during the term in order to complete his/her academic program, such as co- op, student teaching, internship, or study abroad.
B. University does not guarantee reassignment to a specific student housing room for Student returning to University from such programs.
Suspension of Agreement. Notwithstanding any other clause in this Agreement, the Authority may, by written notice of suspension to the Consultant, suspend all payments to the Consultant hereunder if the Consultant shall be in breach of this Agreement or shall fail to perform any of its obligations under this Agreement, including the carrying out of the Services; provided that such notice of suspension (i) shall specify the nature of the breach or failure, and (ii) shall provide an opportunity to the Consultant to remedy such breach or failure within a period not exceeding 15 (fifteen) days after receipt by the Consultant of such notice of suspension.
Suspension of Agreement. RCUH reserves the right at any time and for any reason to suspend all or any part of the performance required by this Agreement for any reasonable period, upon written notice to CONTRACTOR. Upon receipt of said notice, CONTRACTOR shall immediately comply with said notice and suspend all such work under this Agreement at the time stated.
Suspension of Agreement. SCEA may suspend this Agreement, entirely or with respect to a particular Licensed Product or program, for a set period of time which shall be specified in writing to Publisher upon the occurrence of any breach of this Agreement.
Suspension of Agreement. (1) HHSC may suspend performance of all or any part of the Agreement if:
(A) HHSC determines that CONTRACTOR has committed a material breach of the Agreement;
(B) HHSC has reason to believe that CONTRACTOR has committed, assisted in the commission of, or failed to take appropriate action concerning fraud, abuse, malfeasance, misfeasance, or nonfeasance by any party concerning the Agreement; or
(C) HHSC determines that suspension of the Agreement in whole or in part is convenient or in the best interests of the State of Texas or the HHSC Programs.
(2) HHSC will notify CONTRACTOR in writing of its intention to suspend the Agreement in whole or in part. Such notice will:
(A) Be delivered in writing to CONTRACTOR;
(B) Include a concise description of the facts or matter leading to HHSC’s decision; and
(C) Unless HHSC is suspending the contract for convenience, request a Corrective Action Plan from CONTRACTOR or describe actions that CONTRACTOR may take to avoid the contemplated suspension of the Agreement.
Suspension of Agreement. COUNTY’s Contract Manager shall have the authority to suspend this Agreement, in whole or in part, for such period as deemed necessary due to unfavorable conditions or to the failure on the part of CONSULTANT to perform any provision of this Agreement. CONSULTANT will be paid the compensation due and payable to the date of suspension.
Suspension of Agreement. In the event that the United States Government or any of its agencies shall occupy the Airport or any substantial part thereof to such an extent as to materially interfere with Operator’s services and operations, or in the event of destruction by fire or other cause of all, or a material portion of the Airport or Airport facilities, or any other circumstances which are beyond the control of the Port or the Operator, either party may suspend this Agreement for the periods of such disability.
Suspension of Agreement. The Bank may, in its sole discretion and prior to commencement of the payment of benefits under this Agreement, suspend this Agreement and cease all future accruals thereunder as of the date this Agreement is suspended. In such event, and unless and until this Agreement is later reinstated, the Executive shall receive payments under this Agreement at the times and in the manner as set forth in Articles 2 and 3, provided that (i) the Accrual Balance for the purposes of determining the benefits payable shall be determined as of the date this Agreement is suspended under this Section 7.2. and (ii) for the purposes of Section 2.1.1 only, and any continuation of such payments under Section 3.2, as applicable, the annual benefit shall be adjusted so that the present value, determined in accordance with generally accepted accounting principles, of all payments to be paid under Section 2.1.1 (or Section 3.2, as applicable) is equal to the Accrual Balance as of the date this Agreement is suspended under this Section 7.2. If this Agreement is reinstated, the terms of this Agreement otherwise in effect prior to suspension under this Section 7.2 shall control.
Suspension of Agreement. If, during the period of this Agreement, Employee becomes disabled in accordance with the definition of being disabled as set forth in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended (the “Code”), Company may suspend this Agreement during the period of such disability by giving notice to Employee of its intention to suspend due to disability, subject to the following:
(a) This Agreement shall thereupon be suspended as of the end of the month in which such notice was given and shall continue to be suspended until Employee is no longer suffering such disability. The determination of Employee’s disability, and recovery therefrom, will be made by a physician mutually acceptable to Company and Employee. The opinion of such physician shall be in writing and shall be given to Company and Employee.
(b) If during any time of Employee’s disability that he is eligible for and is receiving disability income payments from Company’s disability income insurance carrier, such payments are less than sixty percent (60%) of the sum of the annual base salary he was receiving from Company immediately prior to his disability and the amount of any incentive bonus pursuant to Section 3.2 Employee received within the last twelve (12) months prior to his disability, Company shall pay Employee an amount which, when added to the gross payments (before any deductions) received by Employee from Company’s disability insurance carrier, will result in the Employee receiving from Company and Company’s disability insurance carrier an annual sum equal to sixty percent (60%) of the sum of his annual base salary immediately prior to his disability and the amount of any incentive bonus pursuant to Section 3.2 Employee received within the last twelve (12) months prior to his disability. Such payment from Company shall be due Employee for as long as Employee is eligible to receive disability income payments from Company’s disability insurance carrier. When Employee is no longer eligible to receive such disability income payments from the insurance carrier, any obligation for an additional payment from Company shall terminate.
Suspension of Agreement. 27.4.1. Notwithstanding any other provision of this Agreement in the event that the Licensee is in material breach of this Agreement and remains in material breach for more than 10 days following notification to the Licensee by ATOC/RSP of such material breach ATOC/RSP may at any time issue the Licensee with a notice in writing suspending this Agreement in relation to the authority it has given to the Licensee to sell Rail Products ("Suspension Notice").
27.4.2. The Suspension Notice shall include the reason for suspension of the Agreement and any action required of the Licensee at its own cost to either remedy or prevent such breach as the case may be and such suspension shall:
(a) be for such reasonable period of time as ATOC/RSP at their sole discretion may determine (the "Suspension Period");
(b) not release the Licensee from its obligation to pay to RSP any sums outstanding relating to Rail Products sold before the commencement of the Suspension Period;
(c) not release the Licensee from any obligation it may have under this Agreement to maintain a bond.
27.4.3. Upon carrying out to the satisfaction of ATOC/RSP the action specified in the Suspension Notice ATOC/RSP shall notify the Licensee in writing of the end of the Suspension Period and immediately reinstate the Licensee. Such notification shall be without prejudice to ATOC’s/RSP’s right to issue further Suspension Notices.
27.4.4. In the event that the Licensee fails to carry out to the satisfaction of ATOC/RSP the action specified in the Suspension Notice ATOC/RSP may at their sole discretion elect to:
(a) extend the Suspension Period for a further period of time; or
(b) terminate this Agreement in accordance with its terms.