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

Termination in Relation to Financial Standing. 33.3.1 The Authority may terminate this Panel Agreement by issuing a Termination Notice to the Supplier where in the reasonable opinion of the Authority there is a material detrimental change in the financial standing of the Supplier which:

Termination in Relation to Financial Standing. 33.3.1 The Authority may terminate this Panel Agreement by issuing a Termination Notice to the Supplier where in the reasonable opinion of the Authority there is a material detrimental change in the financial standing of the Supplier which:: adversely impacts on the Supplier’s ability to supply the Panel Services under this Panel Agreement; or could reasonably be expected to have an adverse impact on the Supplier’s ability to supply the Panel Services under this Panel Agreement;