Suspension of Company’s Obligations Clause Samples

Suspension of Company’s Obligations. If any amount owed by the Customer to the Company from any cause whatsoever, whether under a contract or not, is not paid on due date, without prejudice to any other right which it may have, the Company may: 7.6.1 require that all amounts then owed to it by the Customer, from any cause whatsoever (and whether under a contract or not), shall immediately become due and payable; 7.6.2 retain in its possession any components of the Customer until all those amounts have been paid; 7.6.3 suspend, until payment is made, the carrying out of any of its then uncompleted obligations from any cause whatsoever and whether under the contract or not; 7.6.4 terminate any credit facilities granted to the Customer whether under the contract or not.

Suspension of Company’s Obligations. The Company's obligations pursuant to Section 2.1 shall be suspended if: (A) the fulfillment of such obligations would require the Company to make a disclosure that would, in the reasonable good faith judgment of the Company's board of directors, be detrimental to the Company and premature; (B) the Company having filed a registration statement with respect to Equity Securities to be distributed

Suspension of Company’s Obligations. The Company's obligations ----------------------------------- to file (but not its obligations to prepare) a Registration Statement pursuant to Section 2.1 shall be suspended for up to 180 days if: (A) the fulfillment of - such obligations would require the Company to make a disclosure that would, in the reasonable good faith judgment of the Company's board of directors, be detrimental to the Company and premature; (B) the Company having filed a - registration statement with respect to Equity Securities to be distributed in an underwritten public offering is advised by its lead or managing underwriter that an offering of the Registered Shares would materially and adversely affect the distribution of such Equity Securities; (C) the Company has closed an - underwritten offering of Equity Securities; or (D) the Company shall determine - in good faith that such an offering will materially interfere with a pending or contemplated financing, merger, sale of assets, recapitalization or other similar corporate action of the Company and the Company shall have furnished to each seller of Applicable Stock an officers' certificate to that effect. Such obligations shall be reinstated, unless the Requisite Holders shall have given the Company notice of withdrawal pursuant to Section 2.1(a)(i), upon the expiration of such 180-day period or, if earlier: (x) in the case of clause (A) - above, upon the making of such disclosure by the Company (or, if earlier, when such disclosure would either no longer be necessary for the fulfillment of such obligations or no longer be detrimental); (y) in the case of clauses (B) and (C) - above, six (6) months after the closing of the underwritten equity offering; and (z) in the case of clause (D) above, not later than 180 days from the date of - the request of the Requisite Holders under Section 2.1(a).

Suspension of Company’s Obligations. In addition to any other rights the Company may have, the Company shall not be required to perform its obligations hereunder, and shall be entitled to suspend such obligations, at any particular time if: (a) there is a breach or default of any representation, warranty or obligation of the Customer or the Agent set out in this Agreement, as determined by the Company, in its sole discretion acting reasonably and where such breach or default affects the integrity of the Company’s Gas distribution system; (b) any Required Order ceases to be in effect or if the Company has not received an original or true copy of any Required Order which has been requested by the Company; or (c) performance of any such obligation would be in contravention of any Applicable Law.