Suspension of Contract definition

Suspension of Contract means a temporary stoppage of the concluded contract, between NSL and the Agency concerned, before a Ban is enforced on the Agency in terms of the Policy for such specific period as the Competent Authority may consider it reasonable but not more than six months while investigation is going on against the Agency or while the process to ban the agency has been initiated. It is clarified that if a Concluded Contract is to be suspended under the Policy, under extreme circumstances, it has to be done in accordance with the terms of the contract.
Sample 1Sample 2

Examples of Suspension of Contract in a sentence

  • Suspension of Contract 13.1 The Bank may at any time suspend the performance of the Contract or any part thereof, even for its convenience, by a written notice specifying the part to be suspended, the effective date and the anticipated period of suspension.

  • If, after payment of the amount required to be paid under this Article 9, Termination or Suspension of Contract, following the termination of the Contract, County should decide to complete the original Project, (or substantially the same Project), County shall have the right of utilization of any original tracings, drawings, calculations, specifications, estimates and other documents and research studies prepared under this Contract by Consultant who shall make them available to County.

  • It referred to an “Urgent Request to Approve the Suspension of Contract and/or Commercial Relationship with Mail & Guardian, City Press and Sunday Times on a Round Robin”.

  • Suspension of Contract by the Office of Student HousingThe Office of Student Housing reserves the right to suspend the Contract without notice in the event of an emergency that would render the continued operation of the apartment building unsafe to person or property.

  • Predetermined criteria for the assessment of performance of executive directors.

  • Provide areas used for refueling operations with an impermeable liner at least 50 mils thick buried under 2 to 4 inches of soil.

  • The new paragraph (m) proposes to clarify that GAO reviews protests that an agency is improperly using a nonprocurement instrument.Withholding of Award and Suspension of Contract PerformanceGAO proposes to revise 4 CFR 21.6 to require agencies to file a notification where it overrides a statutory requirement to withhold award or suspend contract performance and to require agencies to file any issued determination.

  • Termination or Suspension of Contract 1.3 DEFINITION OF CONTRACT DOCUMENTSA.The Contract Documents shall consist of the specific written agreement between Owner and the Contractor, these General Conditions, the Drawings and Specifications, any other documents enumerated in the Agreement, any amendments to any of the foregoing made prior to the execution of the Agreement (the "Addenda") and all Change Orders issued after the execution of the Agreement.

  • Termination, Rescission or Suspension of Contract (Circumstances that the contract will be terminated or rescinded) 65.

  • Suspension of Contract (certificated) The Superintendent may suspend a teacher for up to three (3) school days without pay for gross inefficiency or immorality, for willful and persistent violations of reasonable regulations of the board, or for other good and just cause.

Related to Suspension of Contract

  • Notice of Award of Contract / „Letter of Award‟ shall mean the official notice issued by the Owner notifying the Contractor that his bid has been accepted.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • Conditions of Contract means those statements contained in or delivered with your Ticket/s or Itinerary/Receipt, identified as such and which incorporate by reference, these Conditions of Carriage and notices.

  • Award of Contract means the decision of the Purchaser to enter into a Contract with the Supplier for supply and delivery of the specified Goods, including any Related Services.

  • General Conditions of Contract means the ‘Instructions to Tenderers’ and ‘General Conditions of Contract’ pertaining to the work for which above tenders have been called for.

  • Suspension Event As defined in Section 5(b) hereof.

  • Suspension Notice As defined in Section 6(d) hereof.

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Form of Contract means the document comprising Section 1 of the Contract signed by or on behalf of the Parties confirming their willingness to enter into and be bound by the terms of the Contract.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • End of Suspension Notice has the meaning set forth in Section 1(f)(ii).

  • Covenant Suspension Event has the meaning set forth in Section 4.18.

  • Revocation or suspension notice means a board notification suspending a license for an indefinite or specified period of time or a notification revoking a license as required by the Act.

  • Addenda or Addendum means additional directions, modifications and alternations to solicitation which is issued as separate document prior to the time of receipt of bids or proposals

  • Benchmark Modification or Cessation Event means, in respect of the Benchmark any of the following has occurred or will occur:

  • BREACH OF CONTRACTUAL OBLIGATION means amongst others also the following:

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Term contract means contracts established by the chief procurement officer for specific supplies, services, or information technology for a specified time and for which it is mandatory that all governmental bodies procure their requirements during its term. As provided in the solicitation, if a public procurement unit is offered the same supplies, services, or information technology at a price that is at least ten percent less than the term contract price, it may purchase from the vendor offering the lower price after first offering the vendor holding the term contract the option to meet the lower price. The solicitation used to establish the term contract must specify contract terms applicable to a purchase from the vendor offering the lower price. If the vendor holding the term contract meets the lower price, then the governmental body shall purchase from the contract vendor. All decisions to purchase from the vendor offering the lower price must be documented by the procurement officer in sufficient detail to satisfy the requirements of an external audit. A term contract may be a multi‑term contract as provided in Section 11‑35‑2030.

  • Solicitation Amendment (or Addendum means a written document that is authorized by the Procurement Officer and issued for the purpose of making changes to the Solicitation.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Effective Date of Contract means the date established in the Contract for the Contractor’s work to begin, or the date the Contract has been fully executed and received all required approvals, whichever date is later.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.