Common use of Termination in Relation to Financial Standing Clause in Contracts

Termination in Relation to Financial Standing. The Customer may terminate this Call Off Contract by serving notice on the Supplier in writing with effect from the date specified in such notice where (in the reasonable opinion of the Customer), there is a material detrimental change in the financial standing and/or the credit rating of the Supplier which: adversely impacts on the Supplier's ability to supply the Goods and/or Services under this Call Off Contract; or could reasonably be expected to have an adverse impact on the Suppliers ability to supply the Goods and/or Services under this Call off Contract. Termination relating to Guarantee INTENTIONALLY LEFT BLANK – NOT REQUIRED