Common use of Termination in relation to Guarantee Clause in Contracts

Termination in relation to Guarantee. Where the Supplier has procured a Framework Guarantee pursuant to Clause 8.1 (Guarantee), the Authority may terminate this Framework Agreement by issuing a Termination Notice to the Supplier where: the Framework Guarantor withdraws the Framework Guarantee for any reason whatsoever; the Framework Guarantor is in breach or anticipatory breach of the Framework Guarantee; an Insolvency Event occurs in respect of the Framework Guarantor; or the Framework Guarantee becomes invalid or unenforceable for any reason whatsoever; and in each case the Framework Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Authority; or the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority.

Appears in 3 contracts

Samples: Services Framework Agreement, Framework Agreement, Vehicle Purchase Framework Agreement

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Termination in relation to Guarantee. Where the Supplier Authority has procured a Framework Guarantee pursuant to from the Supplier under Clause 8.1 (Guarantee), the Authority may terminate this Framework Agreement by issuing a Termination Notice to the Supplier where: the Framework Guarantor withdraws the Framework Guarantee for any reason whatsoever; the Framework Guarantor is in breach or anticipatory breach of the Framework Guarantee; an Insolvency Event occurs in respect of the Framework Guarantor; or the Framework Guarantee becomes invalid or unenforceable for any reason whatsoever; or the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority; and in each case the Framework Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Authority; or the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority.

Appears in 3 contracts

Samples: assets.crowncommercial.gov.uk, assets.crowncommercial.gov.uk, assets.crowncommercial.gov.uk

Termination in relation to Guarantee. Where the Supplier Authority has procured a Framework Guarantee pursuant to from the Supplier under Clause 8.1 18 (Guarantee), the Authority may terminate this Framework Agreement by issuing a Termination Notice to the Supplier where: the Framework Guarantor withdraws the Framework Guarantee for any reason whatsoever; the Framework Guarantor is in breach or anticipatory breach of the Framework Guarantee; an Insolvency Event occurs in respect of the Framework Guarantor; or the Framework Guarantee becomes invalid or unenforceable for any reason whatsoever; or the Supplier fails to provide the documentation required by Clause 18 by the date so specified by the Authority; and in each case the Framework Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Authority; or the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority.

Appears in 2 contracts

Samples: assets.crowncommercial.gov.uk, assets.crowncommercial.gov.uk

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Termination in relation to Guarantee. Where the Supplier Authority has procured a Framework Guarantee pursuant to from the Supplier under Clause 8.1 (Guarantee), the Authority may terminate this Framework Agreement by issuing a Termination Notice to the Supplier where: the Framework Guarantor withdraws the Framework Guarantee for any reason whatsoever; the Framework Guarantor is in breach or anticipatory breach of the Framework Guarantee; an Insolvency Event occurs in respect of the Framework Guarantor; or the Framework Guarantee becomes invalid or unenforceable for any reason whatsoever; or the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority; and in each case the Framework Guarantee (as applicable) is not replaced by an alternative guarantee agreement acceptable to the Authority; or the Supplier fails to provide the documentation required by Clause 8.1 by the date so specified by the Authority.. NOT USED

Appears in 1 contract

Samples: Framework Agreement

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