Suspension of Obligations. Without prejudice to the foregoing, so long as a Party shall be in default in payment or performance to the other Party under the Agreement and the other Party has not exercised its rights under this Section 8, or, if "Adequate Assurances" is specified as applying to the Agreement in Part XI of the Schedule, during the pendency of a reasonable request to a Party for adequate assurances of its ability to perform its obligations under the Agreement, the other Party may, at its election and without penalty, suspend its obligation to perform under the Agreement.
Appears in 43 contracts
Samples: Exchange and Options Master Agreement (Morgan Stanley Diversified Futures Fund L.P.), Foreign Exchange and Options Master Agreement (Morgan Stanley Portfolio Strategy Fund L.P.), Master Agreement (Morgan Stanley Charter Campbell Lp)
